Asia-Pacific: Nitrogen Market 2024

Nitrogen Market Size in Asia-Pacific

The Asia-Pacific nitrogen market reached $X in 2022, picking up by X% against the previous year. The market 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 level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Nitrogen Production in Asia-Pacific

In value terms, nitrogen production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Nitrogen Exports

Exports in Asia-Pacific

In 2022, shipments abroad of nitrogen increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, nitrogen exports rose sharply to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X cubic meters) and Malaysia (X cubic meters) prevails in exports structure, together generating X% of total exports. Vietnam (X cubic meters), Thailand (X cubic meters) and Hong Kong SAR (X cubic meters) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogen supplying countries in Asia-Pacific were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. Vietnam and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per cubic meter, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

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

Nitrogen Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of nitrogen increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, nitrogen imports expanded notably to $X in 2022. Over the period under review, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X cubic meters) and Malaysia (X cubic meters) represented the main importers of nitrogen in Asia-Pacific, together finishing at near X% of total imports. Brunei Darussalam (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%). The following importers - China (X cubic meters), Cambodia (X cubic meters) and Indonesia (X cubic meters) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Cambodia, Indonesia, Brunei Darussalam and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per cubic meter 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 ($X per cubic meter), while Malaysia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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