Hong Kong SAR, China - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Nitrate Price in Hong Kong SAR - 2023
Contents:
- Ammonium Nitrate Price in Hong Kong SAR (CIF) - 2022
- Ammonium Nitrate Price in Hong Kong SAR (FOB) - 2022
- Ammonium Nitrate Imports in Hong Kong SAR
- Ammonium Nitrate Exports in Hong Kong SAR
Ammonium Nitrate Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ammonium nitrate import price amounted to $1,008 per ton, with an increase of 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($1,473 per ton), while the price for South Korea ($426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Ammonium Nitrate Price in Hong Kong SAR (FOB) - 2022
In 2022, the average ammonium nitrate export price amounted to $801 per ton, waning by -13.3% against the previous year. In general, the export price showed a mild descent. The pace of growth appeared the most rapid in 2015 an increase of 56% against the previous year. As a result, the export price reached the peak level of $1,258 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($864 per ton), while the average price for exports to Australia ($401 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ammonium Nitrate Imports in Hong Kong SAR
In 2022, the amount of ammonium nitrate imported into Hong Kong SAR contracted sharply to 781 tons, falling by -32.3% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of 1.2K tons, and then dropped markedly in the following year.
In value terms, ammonium nitrate imports plummeted to $788K in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 113%. As a result, imports attained the peak of $1.1M, and then dropped notably in the following year.
| Import of Ammonium Nitrate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | 144 | 73.2 | 392 | 65.0% |
| Malaysia | 421 | 192 | 6.1 | 208 | -20.9% |
| South Korea | 6.9 | 14.1 | 1.2 | 102 | 145.4% |
| Germany | 48.6 | 50.1 | 3.4 | 85.0 | 20.5% |
| Russia | N/A | N/A | 954 | N/A | 0% |
| China | 29.5 | 49.2 | 4.3 | N/A | -61.8% |
| Others | 62.7 | 67.9 | 59.6 | N/A | -2.5% |
| Total | 569 | 517 | 1,102 | 788 | 11.5% |
Top Suppliers of Ammonium Nitrate to Hong Kong SAR in 2022:
- Philippines (266.2 tons)
- South Korea (240.4 tons)
- Malaysia (185.3 tons)
- Germany (89.4 tons)
Ammonium Nitrate Exports in Hong Kong SAR
After two years of decline, overseas shipments of ammonium nitrate increased by 142% to 100 tons in 2022. In general, exports, however, saw a dramatic descent.
In value terms, ammonium nitrate exports skyrocketed to $80K in 2022. Overall, exports, however, saw a dramatic setback.
| Export of Ammonium Nitrate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 7.3 | 2.0 | 2.4 | 27.2 | 55.0% |
| Zimbabwe | 162 | 115 | 34.2 | 23.2 | -47.7% |
| Australia | 7.5 | 5.3 | 1.6 | 1.1 | -47.3% |
| Tanzania | 32.6 | N/A | N/A | N/A | 0% |
| Ghana | 6.5 | N/A | N/A | N/A | 0% |
| Others | 1.8 | N/A | N/A | 28.5 | 151.1% |
| Total | 218 | 122 | 38.1 | 80.0 | -28.4% |
Top Export Markets for Ammonium Nitrate from Hong Kong SAR in 2022:
- Zimbabwe (34.3 tons)
- Malaysia (31.5 tons)
- Australia (2.6 tons)
This report provides an in-depth analysis of the ammonium nitrate market in Hong Kong SAR, China. 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 2030.
Product coverage:
- FCL 4003 - Ammonium nitrate (AN)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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