Asia: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Asia

For the fourth year in a row, the Asian ammonia in aqueous solution market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed resilient growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Ammonia In Aqueous Solution in Asia

In value terms, ammonia in aqueous solution production stood at $X in 2022 estimated in export price. The total production indicated a remarkable increase 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Ammonia In Aqueous Solution

Exports in Asia

In 2022, overseas shipments of ammonia in aqueous solution were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the largest exporter of ammonia in aqueous solution in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X tons), committing a X% share of total exports. India (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ammonia in aqueous solution exports from Saudi Arabia stood at X%. At the same time, Malaysia (X%), Bahrain (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Bahrain (X p.p.), India (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ammonia in aqueous solution supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price 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, ammonia in aqueous solution export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports in Asia

In 2022, approx. X tons of ammonia in aqueous solution were imported in Asia; picking up by X% compared with 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, ammonia in aqueous solution imports reached $X in 2022. Total imports indicated a prominent increase 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 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Israel was the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), Singapore (X tons), China (X tons) and Malaysia (X tons), together comprising a X% share of total imports. The United Arab Emirates (X tons), Qatar (X tons), Macao SAR (X tons), Palestine (X tons) and Syrian Arab Republic (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Syrian Arab Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), China ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore, the United Arab Emirates, Lao People's Democratic Republic, Qatar, Palestine, Macao SAR and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Syrian Arab Republic, with a CAGR of X%, saw 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

In 2022, the import price in Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Lao People's Democratic Republic ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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