Report Update Nov 1, 2024

Bangladesh - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Ammonia Market 2024

Ammonia Market Size in Bangladesh

The Bangladeshi ammonia market soared to $X in 2022, increasing by 18% against the previous year. Over the period under review, consumption, however, showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ammonia Production in Bangladesh

In value terms, ammonia production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 31%. Ammonia production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonia Exports

Exports from Bangladesh

After two years of growth, shipments abroad of anhydrous ammonia decreased by -41% to X tons in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 210% against the previous year. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, ammonia exports dropped notably to $X in 2022. Over the period under review, exports, however, posted moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by 328%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Vietnam (X tons) was the main destination for ammonia exports from Bangladesh, with a 48% share of total exports. Moreover, ammonia exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.2% per year) and China (+7.1% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for anhydrous ammonia exports from Bangladesh, comprising 58% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Morocco, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.8% per year) and Morocco (0.0% per year).

Export Prices by Country

The average ammonia export price stood at $X per ton in 2022, rising by 4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.6%), while the prices for the other major destinations experienced a decline.

Ammonia Imports

Imports into Bangladesh

In 2022, imports of anhydrous ammonia into Bangladesh skyrocketed to X tons, growing by 47% against 2021. In general, imports posted significant growth. The growth pace was the most rapid in 2018 when imports increased by 263%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ammonia imports surged to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 321% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main ammonia supplier to Bangladesh, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +40.5%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of anhydrous ammonia to Bangladesh.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to +37.8%.

Import Prices by Country

In 2022, the average ammonia import price amounted to $X per ton, shrinking by -18.9% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonia import price increased by +13.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -1.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anhydrous ammonia in the world?

China constituted the country with the largest volume of ammonia consumption, accounting for 29% of total volume. Moreover, ammonia consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with an 8.8% share.

What are the largest producers of anhydrous ammonia in the world?

China constituted the country with the largest volume of ammonia production, comprising approx. 28% of total volume. Moreover, ammonia production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The United States ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of anhydrous ammonia to Bangladesh?

In value terms, Saudi Arabia constituted the largest supplier of ammonia to Bangladesh.

What are the leading importers of anhydrous ammonia from Bangladesh?

In value terms, Vietnam remains the key foreign market for ammonia exports from Bangladesh, comprising 66% of total exports. The second position in the ranking was occupied by China, with a 13% share of total exports. It was followed by India, with a 9.2% share.

What is the average export price for anhydrous ammonia in Bangladesh?

The average ammonia export price stood at $277 per ton in 2020, falling by -11.9% against the previous year.

What is the average import price for anhydrous ammonia in Bangladesh?

The average ammonia import price stood at $319 per ton in 2020, which is down by -5.2% against the previous year.

This report provides an in-depth analysis of the ammonia market in Bangladesh. 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:

Prodcom 20151075 - Anhydrous ammonia

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023