ASEAN: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in ASEAN

The ASEAN ammonia in aqueous solution market totaled $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Ammonia In Aqueous Solution in ASEAN

In value terms, ammonia in aqueous solution production amounted to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Ammonia In Aqueous Solution

Exports in ASEAN

After two years of growth, shipments abroad of ammonia in aqueous solution decreased by X% to X tons in 2022. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, ammonia in aqueous solution exports fell sharply to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Malaysia was the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Singapore (X tons), generating a X% share of total exports.

Malaysia was also the fastest-growing in terms of the ammonia in aqueous solution exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. While the share of Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, 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 Singapore ($X per ton), while Malaysia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Imports of Ammonia In Aqueous Solution

Imports in ASEAN

In 2022, after three years of growth, there was significant decline in supplies from abroad of ammonia in aqueous solution, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, ammonia in aqueous solution imports rose notably to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X tons) and Singapore (X tons) represented the main importers of ammonia in aqueous solution in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Malaysia (X tons), generating a X% share of total imports. The following importers - Thailand (X tons) and the Philippines (X tons) - each reached a X% share 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonia in aqueous solution importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), together comprising X% of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 ASEAN stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($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 Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform