Eastern Asia: Ammonium Nitrate Market 2025

Ammonium Nitrate Market Size in Eastern Asia

The East Asian ammonium nitrate market surged to $X in 2021, jumping by 20% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ammonium Nitrate Production in Eastern Asia

In value terms, ammonium nitrate production reached $X in 2021 estimated in export price. Over the period under review, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 4.9%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in overseas shipments of ammonium nitrate, which decreased by -23% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium nitrate exports reduced to $X in 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, South Korea (X tons) represented the largest exporter of ammonium nitrate, comprising 60% of total exports. It was distantly followed by China (X tons), constituting a 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +9.8%).

In value terms, the largest ammonium nitrate supplying countries in Eastern Asia were South Korea ($X) and China ($X).

In terms of the main exporting countries, South Korea, with a CAGR of +7.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 27% against the previous year. In general, the export price, however, showed a mild descent. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.6%).

Ammonium Nitrate Imports

Imports in Eastern Asia

In 2021, approx. X tons of ammonium nitrate were imported in Eastern Asia; with an increase of 13% on the previous year's figure. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 96% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports surged to $X in 2021. Overall, imports, however, recorded a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) represented roughly 98% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of -0.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, South Korea ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, with a combined 79% share of total imports.

China, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 45% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 50% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :