Eastern Asia: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Eastern Asia

The East Asian ammonia in aqueous solution market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a prominent expansion. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Ammonia In Aqueous Solution in Eastern Asia

In value terms, ammonia in aqueous solution production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Ammonia In Aqueous Solution

Exports in Eastern Asia

In 2022, shipments abroad of ammonia in aqueous solution decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, ammonia in aqueous solution exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) was the main exporter of ammonia in aqueous solution in Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by South Korea (X%) and China (X%).

Taiwan (Chinese) was also the fastest-growing in terms of the ammonia in aqueous solution exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) and China (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Taiwan (Chinese), ammonia in aqueous solution exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Export price indicated a measured increase 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 2015 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Imports of Ammonia In Aqueous Solution

Imports in Eastern Asia

In 2022, overseas purchases of ammonia in aqueous solution decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a noticeable decrease. The most prominent rate of growth was recorded 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 lower figure.

In value terms, ammonia in aqueous solution imports fell to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the main importer of ammonia in aqueous solution, making up X% of total imports. Macao SAR (X tons) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China 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, Hong Kong SAR (X%) displayed positive paces of growth. By contrast, Macao SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Macao SAR saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported ammonia in aqueous solution in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

In China, ammonia in aqueous solution imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Macao SAR (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

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 Taiwan (Chinese) ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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