IndexBox has just published a new report: ‘U.S. – Ammonium Sulphate – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.
U.S. Ammonium Sulphate Imports
Ammonium sulphate imports into the U.S. soared to 803K tonnes in 2020, with an increase of 63% against the year before. In value terms, purchases skyrocketed to $178M (IndexBox estimates).
Canada (432K tonnes) constituted the largest ammonium sulphate supplier to the U.S., with a 54% share of total imports. Moreover, ammonium sulphate imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (128K tonnes), threefold. The third position in this ranking was occupied by the Netherlands (85K tonnes), with a 11% share.
In value terms, Canada ($110M) constituted the largest supplier of ammonium sulphate to the U.S., comprising 61% of total supplies. The second position in the ranking was occupied by Belgium ($22M), with a 12% share of total value. It was followed by the Netherlands, with a 9.6% share.
In 2020, the supplies from Canada and the Netherlands grew twofold and threefold, respectively. Imports from Belgium rose by 10.5% y/y.
The average ammonium sulphate import price amounted to $222 per tonne in 2020, remaining relatively stable against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Canada ($253 per tonne) and Germany ($216 per tonne), while the price for Belgium ($170 per tonne) and Russia ($170 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform