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World - Ammonia In Aqueous Solution - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlobal Ammonia in Aqueous Solution Market to Grow at a CAGR of +5.3% Through 2030, Reaching $7.9B
IndexBox has just published a new report: World - Ammonia In Aqueous Solution - Market Analysis, Forecast, Size, Trends And Insights.
The global ammonia market is projected to experience a positive growth trend over the period from 2024 to 2030, with an anticipated CAGR of +5.3% in volume and +7.3% in value. By the end of 2030, the market volume is expected to reach 13M tons, with a market value of $7.9B in nominal prices.
Market Forecast
Driven by increasing demand for ammonia in aqueous solution worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.3% for the period from 2024 to 2030, which is projected to bring the market volume to 13M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.3% for the period from 2024 to 2030, which is projected to bring the market value to $7.9B (in nominal wholesale prices) by the end of 2030.
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Consumption
World Consumption of Ammonia In Aqueous Solution
In 2024, approx. 9.6M tons of ammonia in aqueous solution were consumed worldwide; surging by 3.6% compared with the previous year's figure. Overall, consumption posted a remarkable increase. Global consumption peaked at 10M tons in 2022; however, from 2023 to 2024, consumption failed to regain momentum.
The global ammonia in aqueous solution market value expanded modestly to $5.2B in 2024, surging by 4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient expansion. Over the period under review, the global market reached the peak level at $5.6B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
Consumption By Country
China (1.9M tons) remains the largest ammonia in aqueous solution consuming country worldwide, accounting for 20% of total volume. Moreover, ammonia in aqueous solution consumption in China exceeded the figures recorded by the second-largest consumer, India (771K tons), twofold. The third position in this ranking was taken by the United States (715K tons), with a 7.5% share.
From 2013 to 2024, the average annual growth rate of volume in China totaled +14.4%. In the other countries, the average annual rates were as follows: India (+13.7% per year) and the United States (+8.3% per year).
In value terms, China ($635M), Japan ($549M) and the United States ($284M) appeared to be the countries with the highest levels of market value in 2024, together accounting for 28% of the global market.
Among the main consuming countries, China, with a CAGR of +17.4%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of ammonia in aqueous solution per capita consumption in 2024 were Russia (4.9 kg per person), Japan (3.1 kg per person) and the United States (2.1 kg per person).
From 2013 to 2024, the biggest increases were recorded for Pakistan (with a CAGR of +14.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Ammonia In Aqueous Solution
In 2024, the amount of ammonia in aqueous solution produced worldwide reached 9.7M tons, increasing by 4.1% against 2023 figures. In general, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 36%. As a result, production attained the peak volume of 12M tons. From 2021 to 2024, global production growth failed to regain momentum.
In value terms, ammonia in aqueous solution production expanded sharply to $5.7B in 2024 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, global production hit record highs at $6B in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.
Production By Country
China (1.9M tons) constituted the country with the largest volume of ammonia in aqueous solution production, accounting for 20% of total volume. Moreover, ammonia in aqueous solution production in China exceeded the figures recorded by the second-largest producer, India (786K tons), twofold. The third position in this ranking was taken by Russia (705K tons), with a 7.2% share.
In China, ammonia in aqueous solution production increased at an average annual rate of +14.3% over the period from 2013-2024. In the other countries, the average annual rates were as follows: India (+13.4% per year) and Russia (+11.0% per year).
Imports
World Imports of Ammonia In Aqueous Solution
Global ammonia in aqueous solution imports declined markedly to 342K tons in 2024, which is down by -16.4% compared with 2023. Overall, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports reached the peak of 523K tons. From 2022 to 2024, the growth of global imports failed to regain momentum.
In value terms, ammonia in aqueous solution imports shrank to $138M in 2024. In general, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2022 with an increase of 67%. As a result, imports reached the peak of $243M. From 2023 to 2024, the growth of global imports failed to regain momentum.
Imports By Country
The United States was the main importer of ammonia in aqueous solution in the world, with the volume of imports resulting at 96K tons, which was near 28% of total imports in 2024. France (43K tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.3%), Switzerland (5.8%) and Belgium (4.6%). Sweden (12K tons), the Czech Republic (11K tons), Italy (9.1K tons), the Netherlands (8.8K tons) and Nigeria (8.3K tons) held a minor share of total imports.
The United States experienced a relatively flat trend pattern with regard to volume of imports of ammonia in aqueous solution. At the same time, Nigeria (+24.8%), the Czech Republic (+14.4%), Italy (+9.2%) and Switzerland (+3.1%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +24.8% from 2013-2024. By contrast, France (-1.5%), Sweden (-2.7%), Germany (-3.4%), Belgium (-6.1%) and the Netherlands (-14.3%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the United States, the Czech Republic, Nigeria, Switzerland and Italy increased by +5.6, +2.6, +2.2, +2.2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest ammonia in aqueous solution importing markets worldwide were France ($14M), the United States ($11M) and Nigeria ($7.4M), together comprising 23% of global imports.
Among the main importing countries, Nigeria, with a CAGR of +30.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average ammonia in aqueous solution import price stood at $404 per ton in 2024, increasing by 3.4% against the previous year. Overall, import price indicated a noticeable increase from 2013 to 2024: its price increased at an average annual rate of +2.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, ammonia in aqueous solution import price decreased by -14.4% against 2022 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by 70%. As a result, import price attained the peak level of $472 per ton. From 2023 to 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Nigeria ($890 per ton), while the United States ($110 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Ammonia In Aqueous Solution
In 2024, shipments abroad of ammonia in aqueous solution decreased by -4.4% to 494K tons, falling for the fourth year in a row after three years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 168% against the previous year. As a result, the exports attained the peak of 4.8M tons. From 2021 to 2024, the growth of the global exports remained at a somewhat lower figure.
In value terms, ammonia in aqueous solution exports stood at $216M in 2024. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 125%. The global exports peaked at $724M in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.
Exports By Country
In 2024, Egypt (101K tons), distantly followed by Bahrain (53K tons), the Netherlands (52K tons), the United States (49K tons), Malaysia (39K tons) and Canada (27K tons) represented the major exporters of ammonia in aqueous solution, together achieving 65% of total exports. Belgium (19K tons), Austria (18K tons), Germany (17K tons) and India (15K tons) held a relatively small share of total exports.
From 2013 to 2024, the biggest increases were recorded for Malaysia (with a CAGR of +47.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Egypt ($38M), the United States ($36M) and Malaysia ($22M) were the countries with the highest levels of exports in 2024, together comprising 44% of global exports.
Malaysia, with a CAGR of +47.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2024, the average ammonia in aqueous solution export price amounted to $437 per ton, growing by 6.4% against the previous year. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 208%. Over the period under review, the average export prices reached the maximum at $574 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($734 per ton), while the Netherlands ($231 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for ammonia in aqueous solution. 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:
- Prodcom 20151077 - Ammonia in aqueous solution
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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
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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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024