Asia: Ureines Market 2024

Ureines Market Size in Asia

In 2022, the Asian ureines market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a pronounced 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ureines Production in Asia

In value terms, ureines production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Ureines Exports

Exports in Asia

In 2022, approx. X tons of ureines and their derivatives and salts thereof were exported in Asia; increasing by X% on 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, ureines exports reduced to $X in 2022. Overall, exports posted a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) and Israel (X tons) represented the key exporters of ureines and their derivatives and salts thereof in Asia, together mixing up X% of total exports. Malaysia (X tons) held the next position in the ranking, followed by Thailand (X tons) and India (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Israel ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw 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 2022, the export price in Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Thailand ($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 mixed trends in the export price figures.

Ureines Imports

Imports in Asia

In 2022, overseas purchases of ureines and their derivatives and salts thereof increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated modest growth from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, ureines imports rose sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India represented the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Thailand (X tons), Japan (X tons), Singapore (X tons), Israel (X tons), Indonesia (X tons) and South Korea (X tons), together mixing up a X% share of total imports.

India was also the fastest-growing in terms of the ureines and their derivatives and salts thereof imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Thailand, Indonesia and Singapore increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Japan ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, reducing by X% against the previous year. Overall, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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