Price for Ammonia; Anhydrous or in Aqueous Solution in Thailand - 2024
Contents:
- Price for Ammonia; Anhydrous or in Aqueous Solution in Thailand (CIF) - 2024
- Price for Ammonia; Anhydrous or in Aqueous Solution in Thailand (FOB) - 2022
- Imports of Ammonia; Anhydrous or in Aqueous Solution in Thailand
- Exports of Ammonia; Anhydrous or in Aqueous Solution in Thailand
Price for Ammonia; Anhydrous or in Aqueous Solution in Thailand (CIF) - 2024
In September 2023, the average import price for ammonia; anhydrous or in aqueous solutia amounted to $370 per ton, with an increase of 10% against the previous month. Over the period under review, the import price, however, recorded a deep contraction. The import price peaked at $740 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($3,560 per ton), while the price for Indonesia ($352 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ammonia; Anhydrous or in Aqueous Solution in Thailand (FOB) - 2022
In 2022, the average export price for ammonia; anhydrous or in aqueous solutia amounted to $972 per ton, picking up by 27% against the previous year. Overall, the export price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 29%. The export price peaked at $1,284 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($1,878 per ton), while the average price for exports to Malaysia ($652 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 the Philippines (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ammonia; Anhydrous or in Aqueous Solution in Thailand
In 2022, approx. 390K tons of ammonia; anhydrous or in aqueous solutia were imported into Thailand; which is down by -13.7% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 452K tons, and then contracted in the following year.
In value terms, imports of ammonia; anhydrous or in aqueous solutia soared to $301M in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 153%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Ammonia; Anhydrous or in Aqueous Solution in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 72.4 | 65.6 | 146 | 203 | 41.0% |
| Indonesia | 23.1 | 11.7 | 29.4 | 80.5 | 51.6% |
| Australia | 17.6 | 11.8 | 53.6 | 16.4 | -2.3% |
| Saudi Arabia | N/A | 6.4 | 13.5 | N/A | 110.9% |
| Others | 0.9 | 1.2 | 1.3 | 1.6 | 21.1% |
| Total | 114 | 96.7 | 244 | 301 | 38.2% |
Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Thailand in 2022:
- Malaysia (215.1K tons)
- Indonesia (157.2K tons)
- Australia (17.0K tons)
Exports of Ammonia; Anhydrous or in Aqueous Solution in Thailand
For the third consecutive year, Thailand recorded decline in shipments abroad of ammonia; anhydrous or in aqueous solutia, which decreased by -3.3% to 1.4K tons in 2022. Over the period under review, exports continue to indicate a deep downturn.
In value terms, exports of ammonia; anhydrous or in aqueous solutia surged to $1.3M in 2022. Overall, exports recorded a mild decrease.
| Export of Ammonia; Anhydrous or in Aqueous Solution in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 624 | 345 | 389 | 608 | -0.9% |
| Cambodia | 413 | 386 | 329 | 450 | 2.9% |
| Myanmar | 238 | 207 | 186 | 135 | -17.2% |
| Philippines | 34.3 | 53.9 | 76.7 | 104 | 44.7% |
| Others | 57.4 | 24.6 | 95.2 | 24.8 | -24.4% |
| Total | 1,367 | 1,017 | 1,076 | 1,321 | -1.1% |
Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Thailand in 2022:
- Malaysia (932.1 tons)
- Cambodia (239.5 tons)
- Myanmar (96.0 tons)
- Philippines (83.2 tons)
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This report provides an in-depth analysis of the market for ammonia in aqueous solution in Thailand.
1142
This report provides an in-depth analysis of the ammonia market in Thailand.
588
This report provides an in-depth analysis of the global market for ammonia in aqueous solution.
3002
This report provides an in-depth analysis of the global ammonia market.
364
This report provides an in-depth analysis of the market for ammonia in aqueous solution in Thailand.
1142
This report provides an in-depth analysis of the ammonia market in Thailand.
588
This report provides an in-depth analysis of the global market for ammonia in aqueous solution.
3002
This report provides an in-depth analysis of the global ammonia market.
504
In May 2023, the anhydrous ammonia price stood at $362 per ton (CIF, Thailand), with a decrease of -27% against the previous month.
1190
With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.
504
In May 2023, the anhydrous ammonia price stood at $362 per ton (CIF, Thailand), with a decrease of -27% against the previous month.
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In value terms, anhydrous ammonia imports amounted to $X in 2016. Overall, anhydrous ammonia imports continue to indicate a mild drop. Global anhydrous ammonia import peaked of $X in 2012; howeve...
2189
In value terms, anhydrous ammonia exports amounted to $X in 2016. Overall, anhydrous ammonia exports continue to indicate a measured contraction. Over the period under review, global anhydrous ammo...
1190
With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.
