U.S. - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
US Ammonia Import Price Skyrockets to $1,034 in March 2022, Accelerating Growth
IndexBox has just published a new report: 'U.S. - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
U.S. Ammonia Import Prices in 2020 - Q1 2022
In Mar 2022, the average ammonia import price amounted to $1,034 per tonne, growing by 4.7% against the previous month. Overall, the import price saw a significant expansion. The pace of growth appeared the most rapid in Apr 2021 when the average import price increased by 29% m-o-m. Over the period under review, average import prices hit record highs in Mar 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In Mar 2022, the country with the highest price was Trinidad and Tobago ($1,118 per tonne), while the price for Canada totaled $933 per tonne.
From Jan 2020 to Mar 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+119.2%).
Imports into the U.S.
Ammonia imports into the United States skyrocketed to 239K tonnes in Mar 2022, rising by 53% against Mar 2021 figures. Over the period under review, total imports indicated a tangible increase from Jan 2020 to Mar 2022: its volume increased at an average monthly rate of +4.2% over the last twenty six - month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Mar 2022 figures, imports decreased by -4.9% against Jan 2022 indices. The most prominent rate of growth was recorded in Jan 2022 with an increase of 77% m-o-m. Imports peaked at 266K tonnes in Jun 2020; however, from Jul 2020 to Mar 2022, imports stood at a somewhat lower figure.
In value terms, ammonia imports skyrocketed to $247M (IndexBox estimates) in Mar 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in Jan 2022 when imports increased by 100% m-o-m. Over the period under review, imports attained the peak figure in Mar 2022 and are expected to retain growth in the immediate term.
Imports by Country
Trinidad and Tobago (133K tonnes) and Canada (105K tonnes) were the main suppliers of ammonia imports to the United States.
From Jan 2020 to Mar 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +4.4%).
In value terms, Trinidad and Tobago ($149M) and Canada ($98M) were the largest ammonia suppliers to the United States.
In terms of the main suppliers, Trinidad and Tobago, with a CAGR of +128.8%, saw the highest growth rate of the value of imports, over the period under review.
Source: IndexBox Platform
This report provides an in-depth analysis of the ammonia market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET