Singapore: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Singapore

The Singaporean market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined to $X in 2023, which is down by X% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Singapore

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution fell to $X in 2023 estimated in export price. In general, production saw a slight expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production of growth remained at a lower figure.

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Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from Singapore

In 2023, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Singapore surged to X tons, rising by X% against the year before. Over the period under review, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2023. In general, exports saw a moderate increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Singapore, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Malaysia totaled X%.

In value terms, Malaysia ($X) also remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Singapore.

From 2012 to 2023, the average annual rate of growth in terms of value to Malaysia amounted to X%.

Export Prices by Country

In 2023, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2023, the rate of growth in terms of prices for Fiji amounted to X% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into Singapore

In 2023, purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank remarkably to $X in 2023. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to Singapore, accounting for a X% share of total imports. Moreover, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume from Malaysia stood at X%.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to Singapore were Malaysia ($X) and the United States ($X).

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform