Thailand - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand Witnesses a Minor Dip in Ammonium Nitrate Exports, Down to $34 Million in 2024
Thailand Ammonium Nitrate Exports
In 2024, after two years of growth, there was decline in shipments abroad of ammonium nitrate, when their volume decreased by -1.7% to 46K tons. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 75%. Over the period under review, the exports hit record highs at 73K tons in 2018; however, from 2019 to 2024, the exports stood at a somewhat lower figure.
In value terms, ammonium nitrate exports fell to $34M (IndexBox estimates) in 2024. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2022 when exports increased by 173% against the previous year. As a result, the exports reached the peak of $35M. From 2023 to 2024, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Ammonium Nitrate in Thailand (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Australia | 0.4 | 0.5 | 1.2 | 3.8 | 1.4 | N/A | N/A | N/A | 7.9 | 16.6 |
| Lao People's Democratic Republic | 10.6 | 13.1 | 13.6 | 13.8 | 14.1 | 9.2 | 11.1 | 9.2 | 18.7 | 15.0 |
| Myanmar | N/A | N/A | 3.3 | 8.4 | 13.8 | 11.5 | 5.2 | 0.7 | 4.0 | 1.0 |
| Cambodia | N/A | N/A | N/A | N/A | N/A | N/A | 0.4 | 1.2 | 3.0 | 1.0 |
| Sri Lanka | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 | 0.5 |
| Others | 1.1 | 0.3 | N/A | 0.3 | 1.0 | 0.6 | 1.2 | 1.6 | 0.7 | N/A |
| Total | 12.2 | 14.0 | 18.1 | 26.3 | 30.2 | 21.2 | 17.9 | 12.7 | 34.7 | 34.2 |
Exports by Country
Australia (26K tons), Lao People's Democratic Republic (18K tons) and Cambodia (1.1K tons) were the main destinations of ammonium nitrate exports from Thailand, with a combined 97% share of total exports.
From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for ammonium nitrate exported from Thailand were Australia ($17M), Lao People's Democratic Republic ($15M) and Myanmar ($994K), together accounting for 96% of total exports.
Among the main countries of destination, Australia, with a CAGR of +49.6%, recorded the highest rates of growth with regard to 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 2024, the ammonium nitrate price amounted to $735 per ton (FOB, Thailand), waning by -25.6% against the previous year. In general, the export price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2022 an increase of 79%. As a result, the export price attained the peak level of $988 per ton, and then contracted markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($1,291 per ton), while the average price for exports to Australia ($640 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the ammonium nitrate market in Thailand. 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:
- FCL 4003 -
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2024
