CIS: Ammonia Market 2024

Ammonia Market Size in CIS

The CIS ammonia market contracted slightly to $X in 2022, which is down by -1.6% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Ammonia Production in CIS

In value terms, ammonia production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 8.6%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonia Exports

Exports in CIS

In 2022, the amount of anhydrous ammonia exported in the CIS contracted slightly to X tons, waning by -2.5% against 2021 figures. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +18.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ammonia exports fell rapidly to $X in 2022. Overall, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

The shipments of the one major exporters of anhydrous ammonia, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the anhydrous ammonia exports, with a CAGR of +3.5% 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 supplier in the CIS.

In Russia, ammonia exports shrank by an average annual rate of -1.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -22.6% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2021 when the export price increased by 63% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 -5.0% per year.

Ammonia Imports

Imports in CIS

In 2022, approx. X tons of anhydrous ammonia were imported in the CIS; reducing by -4.7% against the year before. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 76%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, ammonia imports declined notably to $X in 2022. Overall, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Belarus was the major importing country with an import of about X tons, which amounted to 61% of total imports. Kazakhstan (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (13%).

From 2012 to 2022, average annual rates of growth with regard to ammonia imports into Belarus stood at +6.0%. At the same time, Uzbekistan (+663.6%) and Kazakhstan (+10.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +663.6% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +13 and +3.5 percentage points, respectively.

In value terms, Belarus ($X) constitutes the largest market for imported anhydrous ammonia in the CIS, comprising 61% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled +1.1%. In the other countries, the average annual rates were as follows: Kazakhstan (+10.1% per year) and Uzbekistan (+439.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with a decrease of -13.7% against the previous year. Over the period under review, the import price showed a pronounced decline. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :