The latest report by IMARC, titled "Ammonium Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data ," delivers a comprehensive analysis of Ammonium Sulphate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Ammonium Sulphate Prices December 2023:
- China: 141 USD/MT
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The study delves into the factors affecting Ammonium Sulphate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Ammonium Sulphate Price Trend- Q4 2023
The market growth of ammonium sulphate is primarily driven by its extensive use as a nitrogenous fertilizer in agriculture. This inorganic salt provides essential nitrogen and sulphur, which are crucial for plant growth, making it a preferred choice for alkaline soils. The increasing global demand for food due to rising population levels necessitates the use of effective fertilizers to enhance crop yield and quality, thereby boosting the demand for ammonium sulphate. Moreover, its cost-effectiveness compared to other nitrogenous fertilizers, like urea and ammonium nitrate, further enhances its appeal among farmers. Additionally, the diversification of its applications, including its use as a feed additive for cattle, as a flame retardant in textiles, and in pharmaceutical applications, contributes to its market expansion. The industrial sector also utilizes ammonium sulphate in the production of chemicals and in water treatment processes, where it helps in removing impurities and clarifying water. Environmental regulations promoting the use of sulfur-containing fertilizers to improve soil health and minimize alkalinity also favor the market's growth. Furthermore, technological advancements in the production of ammonium sulphate through cost-effective methods, such as the recovery from industrial waste, enhance its production efficiency and environmental sustainability. Collectively, these factors ensure a steady demand for ammonium sulphate across multiple industries, underpinning its market growth.
The global ammonium sulphate market size reached US$ 3.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.9 Billion, at a projected CAGR of 7.10% during 2023-2032. In the last quarter, several distinct factors influenced the prices of Ammonium Sulphate across various global markets, driven primarily by regional demand fluctuations, supply chain disruptions, and broader economic conditions. In North America, the market witnessed an uptick in prices, which was largely attributed to a combination of improved weather conditions boosting the agricultural demand for fertilizers and a series of supply chain disruptions. Key disruptions included the closure of significant production facilities due to severe winter weather, such as the US Nitrogen LLC plant in Tennessee and the Yara/BASF JV plant in Texas. Additionally, a malfunction in the ammonia gas pipeline further exacerbated the supply constraints, leading to a shortage of ammonia—a crucial raw material for Ammonium Sulphate production. This shortage put upward pressure on prices as production costs increased and the supply of Ammonium Sulphate tightened. Moreover, the revitalized demand from South American markets, driven by favorable weather conditions that ended a prolonged drought, contributed to the heightened demand and subsequent price increases in North America.
Conversely, in the Asia-Pacific region, particularly in South Korea, prices of Ammonium Sulphate experienced a notable rise due to sustained high demand from the fertilizer sector amid global supply chain disruptions. The shutdown of key production facilities like the Namhae Chemical Corporation, which suffered from flooding that impacted ammonia production, significantly strained the supply chain. This disruption led to increased production costs and tighter supplies, driving up regional prices. Furthermore, the absence of China from the fertilizer export market during this period forced buyers in Asia, including South Korea, to seek alternative sources, adding to the competitive pressures and pushing up prices. This situation highlighted the vulnerability of the Ammonium Sulphate market to sudden shifts in supply dynamics and the critical nature of having diversified supply chains to mitigate such risks. Overall, the market dynamics for Ammonium Sulphate during the quarter reflected the complex interplay between regional demand trends, supply chain vulnerabilities, and geopolitical factors affecting global agricultural inputs.
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Key Points Covered in the Ammonium Sulphate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Ammonium Sulphate Prices
- Ammonium Sulphate Price Trend
- Ammonium Sulphate Demand & Supply
- Ammonium Sulphate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Ammonium Sulphate Price Analysis
- Ammonium Sulphate Industry Drivers, Restraints, and Opportunities
- Ammonium Sulphate News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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