GCC: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in GCC

The GCC ammonium sulphate market reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Ammonium Sulphate Production in GCC

In value terms, ammonium sulphate production totaled $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Ammonium Sulphate Exports

Exports in GCC

In 2023, the amount of ammonium sulphate exported in GCC fell rapidly to X tons, dropping by X% compared with the previous year. In general, exports faced a deep reduction. The growth pace was the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports reduced remarkably to $X in 2023. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tons), generating a X% share of total exports. Kuwait (X tons) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of X% from 2012 to 2023. Saudi Arabia (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest ammonium sulphate supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, ammonium sulphate exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the export price figures.

Ammonium Sulphate Imports

Imports in GCC

In 2023, approx. X tons of ammonium sulphate were imported in GCC; dropping by X% on the previous year's figure. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, ammonium sulphate imports reduced notably to $X in 2023. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Oman (X tons), creating a X% share of total imports. Kuwait (X tons) took a relatively small share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates, Oman and Kuwait increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ammonium sulphate in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, ammonium sulphate imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform