CIS: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in CIS

The CIS ammonia in aqueous solution market rose notably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Ammonia In Aqueous Solution in CIS

In value terms, ammonia in aqueous solution production expanded significantly to $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports in CIS

After five years of growth, overseas shipments of ammonia in aqueous solution decreased by X% to X tons in 2022. Overall, exports saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure 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 reduced to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of ammonia in aqueous solution in the CIS, committing X% of total export.

Russia was also the fastest-growing in terms of the ammonia in aqueous solution exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest ammonia in aqueous solution supplier in the CIS.

In Russia, ammonia in aqueous solution exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Ammonia In Aqueous Solution

Imports in CIS

In 2022, the amount of ammonia in aqueous solution imported in the CIS rose markedly to X tons, surging by X% compared with 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ammonia in aqueous solution imports reduced to $X in 2022. In general, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Belarus represented the key importer of ammonia in aqueous solution in the CIS, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), Azerbaijan (X tons) and Tajikistan (X tons), together generating a X% share of total imports. Russia (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the ammonia in aqueous solution imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%), Azerbaijan (X%), Tajikistan (X%) and Russia (X%) displayed positive paces of growth. While the share of Belarus (X p.p.), Kazakhstan (X p.p.), Azerbaijan (X p.p.) and Tajikistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ammonia in aqueous solution importing markets in the CIS were Kazakhstan ($X), Belarus ($X) and Russia ($X), with a combined X% share of total imports.

Among the main importing countries, Belarus, with a CAGR of X%, saw the highest growth rate of 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

The import price in the CIS stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2013 when the import price increased by X%. 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.

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 Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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