Vietnam - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Nitrate Price in Vietnam - 2021
Contents:
- Ammonium Nitrate Price in Vietnam (FOB) - 2022
- Ammonium Nitrate Price in Vietnam (CIF) - 2021
- Ammonium Nitrate Exports in Vietnam
- Ammonium Nitrate Imports in Vietnam
Ammonium Nitrate Price in Vietnam (FOB) - 2022
In 2022, the average ammonium nitrate export price amounted to $390 per ton, surging by 2.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $448 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($490 per ton), while the average price for exports to Taiwan (Chinese) ($228 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 Pakistan (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ammonium Nitrate Price in Vietnam (CIF) - 2021
The average ammonium nitrate import price stood at $523 per ton in December 2021, falling by -5.6% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +4.8%. The most prominent rate of growth was recorded in January 2021 an increase of 61% month-to-month. Over the period under review, average import prices hit record highs at $562 per ton in October 2021; however, from November 2021 to December 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for Thailand amounted to +38.6% per month.
Ammonium Nitrate Exports in Vietnam
In 2022, shipments abroad of ammonium nitrate decreased by -12.3% to 70K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 81K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ammonium nitrate exports dropped to $27M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $31M, and then shrank in the following year.
| Export of Ammonium Nitrate in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 13.6 | 2.2 | 7.8 | 13.6 | 0.0% |
| Democratic Republic of the Congo | N/A | 9.0 | N/A | 5.7 | -20.4% |
| Pakistan | 0.8 | 1.1 | 6.0 | 2.6 | 48.1% |
| Myanmar | 4.0 | 3.6 | 3.0 | 1.7 | -24.8% |
| Cambodia | 2.4 | 2.4 | 3.5 | 1.6 | -12.6% |
| South Korea | 0.2 | 0.4 | 0.9 | 0.8 | 58.7% |
| Philippines | 1.3 | 4.1 | 7.8 | 0.5 | -27.3% |
| Lao People's Democratic Republic | 1.4 | 0.8 | 0.2 | 0.3 | -40.2% |
| Taiwan (Chinese) | 0.4 | 0.1 | 0.7 | 0.3 | -9.1% |
| Others | 0.5 | 0.4 | 0.7 | 0.3 | -15.7% |
| Total | 24.7 | 24.2 | 30.6 | 27.4 | 3.5% |
Top Export Markets for Ammonium Nitrate from Vietnam in 2022:
- Indonesia (27.7K tons)
- Democratic Republic of the Congo (20.9K tons)
- Pakistan (7.7K tons)
- Myanmar (4.3K tons)
- Cambodia (3.5K tons)
- South Korea (2.2K tons)
- Taiwan (Chinese) (1.3K tons)
- Philippines (1.1K tons)
- Lao People's Democratic Republic (0.8K tons)
Ammonium Nitrate Imports in Vietnam
In 2022, approx. 64K tons of ammonium nitrate were imported into Vietnam; surging by 6.5% on 2021 figures. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 68K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ammonium nitrate imports reduced to $21M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year.
| Import of Ammonium Nitrate in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 18.6 | 18.9 | 18.5 | 3.3% |
| Russia | 0.6 | 1.5 | 1.4 | 1.4 | 32.6% |
| Thailand | 0.2 | 0.1 | 1.0 | 0.9 | 65.1% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 17.7 | 20.4 | 21.3 | 20.9 | 5.7% |
Top Suppliers of Ammonium Nitrate to Vietnam in 2022:
- China (52.2K tons)
- Russia (8.7K tons)
- Thailand (3.1K tons)
This report provides an in-depth analysis of the ammonium nitrate market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
-
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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