Article Publishing Date: Oct 4, 2022
In July 2022, the ammonium sulphate price per ton amounted to $592, with an increase of 6.4% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +4.0%. The pace of growth was the most pronounced in April 2022 an increase of 22% m-o-m. As a result, import price attained the peak level of $621 per ton. From May 2022 to July 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2022, the country with the highest price was Canada ($634 per ton), while the price for Belgium amounted to $569 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.2%).
In July 2022, purchases abroad of ammonium sulphate was finally on the rise to reach 40K tons for the first time since April 2022, thus ending a two-month declining trend. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the maximum at 113K tons in April 2022; however, from May 2022 to July 2022, imports remained at a lower figure.
In value terms, ammonium sulphate imports soared to $24M (IndexBox estimates) in July 2022. Overall, imports, however, recorded a slight shrinkage. Imports peaked at $70M in April 2022; however, from May 2022 to July 2022, imports remained at a lower figure.
In July 2022, Belgium (28K tons) constituted the largest ammonium sulphate supplier to the United States, accounting for a 69% share of total imports. Moreover, ammonium sulphate imports from Belgium exceeded the figures recorded by the second-largest supplier, Canada (12K tons), twofold.
From January 2022 to July 2022, the average monthly growth rate of volume from Belgium was relatively modest.
In value terms, Belgium ($16M) constituted the largest supplier of ammonium sulphate to the United States, comprising 66% of total imports. The second position in the ranking was taken by Canada ($7.7M), with a 33% share of total imports.
From January 2022 to July 2022, the average monthly growth rate of value from Belgium amounted to +1.6%.
Source: IndexBox Market Intelligence Platform
If you have any questions on diammonium sulphate. We will give the professional answers to your questions.