Eastern Asia: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2025

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Eastern Asia

The East Asian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted dramatically to $X in 2022, shrinking by -36.4% against the previous year. Overall, consumption, however, saw a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Eastern Asia

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted dramatically to $X in 2022 estimated in export price. In general, production, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 50,801%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in Eastern Asia

In 2022, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by -5.2% to X tons, falling for the seventh consecutive year after two years of growth. Overall, exports saw a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of 16,367% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 12,360%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), together resulting at 100% of total export.

China was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of -3.7% from 2012 to 2022. While the share of China (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in Eastern Asia.

In China, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 57% against the previous year. Overall, the export price enjoyed a noticeable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.6% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in Eastern Asia

In 2022, supplies from abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by -26.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 320% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined notably to $X in 2022. In general, imports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 262%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the major importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Asia, constituting 98% of total import.

China was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of +11.3% from 2012 to 2022. While the share of China (+32 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Asia.

In China, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of +5.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -4.2% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2019 an increase of 13%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.1% per year.

Source: IndexBox Platform

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