Asia: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Asia

The Asian ammonia in aqueous solution market expanded to $X in 2022, surging by X% against the previous year. In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ammonia In Aqueous Solution in Asia

In value terms, ammonia in aqueous solution production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports in Asia

In 2022, shipments abroad of ammonia in aqueous solution decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, ammonia in aqueous solution exports expanded remarkably to $X in 2022. In general, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Saudi Arabia (X tons) was the largest exporter of ammonia in aqueous solution, achieving X% of total exports. Bahrain (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%) and India (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), Bahrain (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.), Bahrain (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ammonia in aqueous solution supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In Saudi Arabia, ammonia in aqueous solution exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded buoyant growth. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports in Asia

In 2022, approx. X tons of ammonia in aqueous solution were imported in Asia; with an increase of X% on the year before. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ammonia in aqueous solution imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Israel (X tons) was the major importer of ammonia in aqueous solution, generating X% of total imports. Singapore (X tons) held the second position in the ranking, followed by Lao People's Democratic Republic (X tons), Malaysia (X tons) and China (X tons). All these countries together held near X% share of total imports. The United Arab Emirates (X tons), Qatar (X tons), Vietnam (X tons) and Syrian Arab Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ammonia in aqueous solution imports into Israel stood at X%. At the same time, Syrian Arab Republic (X%), Qatar (X%), Vietnam (X%), Singapore (X%), the United Arab Emirates (X%), Malaysia (X%), China (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Israel, Qatar and Syrian Arab Republic increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), China ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore, the United Arab Emirates, Qatar, Vietnam, Lao People's Democratic Republic and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Syrian Arab Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform