ASEAN: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in ASEAN

For the third consecutive year, the ASEAN ammonium chloride market recorded growth in sales value, which increased by 63% to $X in 2021. In general, consumption showed a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Ammonium Chloride Production in ASEAN

In value terms, ammonium chloride production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,042%. Over the period under review, production attained the peak level at $X in 2020, and then dropped dramatically in the following year.

Ammonium Chloride Exports

Exports in ASEAN

In 2021, approx. X tons of ammonium chloride were exported in ASEAN; declining by -69.8% compared with 2020. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 210%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, ammonium chloride exports contracted notably to $X in 2021. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 143%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

Vietnam was the key exporting country with an export of around X tons, which amounted to 56% of total exports. Singapore (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (12%), Indonesia (7.4%) and Malaysia (6.1%).

From 2012 to 2021, average annual rates of growth with regard to ammonium chloride exports from Vietnam stood at +31.5%. At the same time, Indonesia (+127.5%), Thailand (+81.4%) and Singapore (+6.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +127.5% from 2012-2021. By contrast, Malaysia (-12.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, Thailand and Indonesia increased by +43, +12 and +7.4 percentage points, respectively.

In value terms, the largest ammonium chloride supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Indonesia ($X), with a combined 89% share of total exports.

Indonesia, with a CAGR of +110.1%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, with an increase of 31% against the previous year. In general, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 37%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the other leaders experienced a decline in the export price figures.

Ammonium Chloride Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in supplies from abroad of ammonium chloride, which increased by 42% to X tons in 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 149% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, ammonium chloride imports surged to $X in 2021. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia was the main importing country with an import of around X tons, which reached 64% of total imports. It was distantly followed by Indonesia (X tons) and Vietnam (X tons), together mixing up a 33% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ammonium chloride imports into Malaysia stood at +2.9%. At the same time, Indonesia (+19.8%) and Vietnam (+11.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +19.8% from 2012-2021. Indonesia (+12 p.p.) and Vietnam (+6.6 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -14.4% from 2012 to 2021, respectively.

In value terms, the largest ammonium chloride importing markets in ASEAN were Vietnam ($X), Malaysia ($X) and Indonesia ($X), with a combined 94% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, surging by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 41%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform