Report Update Nov 1, 2024

India - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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India: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in India

The Indian ammonium nitrate market soared to $X in 2021, picking up by 63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed mild growth. Ammonium nitrate consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ammonium Nitrate Exports

Exports from India

For the third consecutive year, India recorded decline in overseas shipments of ammonium nitrate, which decreased by -35.3% to X tons in 2021. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2015 when exports increased by 131% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ammonium nitrate exports shrank dramatically to $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 111% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons), Ethiopia (X tons) and Kenya (X tons) were the main destinations of ammonium nitrate exports from India, together comprising 59% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +271.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonium nitrate exported from India were Sri Lanka ($X), Ethiopia ($X) and Kenya ($X), together comprising 65% of total exports.

Kenya, with a CAGR of +277.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into India

In 2021, imports of ammonium nitrate into India surged to X tons, picking up by 29% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 153% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 132% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Singapore (X tons), Oman (X tons) and Bulgaria (X tons) were the main suppliers of ammonium nitrate imports to India, with a combined 77% share of total imports. Russia, Turkey, Switzerland and South Korea lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +89.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Singapore ($X) and Bulgaria ($X) appeared to be the largest ammonium nitrate suppliers to India, with a combined 80% share of total imports.

Oman, with a CAGR of +242.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ammonium nitrate import price amounted to $X per ton, picking up by 34% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Oman ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+82.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ammonium nitrate in the world?

The country with the largest volume of ammonium nitrate consumption was Russia, comprising approx. 24% of total volume. Moreover, ammonium nitrate consumption in Russia exceeded the figures recorded by the second-largest consumer, Brazil, threefold. Uzbekistan ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of ammonium nitrate in the world?

Russia constituted the country with the largest volume of ammonium nitrate production, comprising approx. 41% of total volume. Moreover, ammonium nitrate production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan, sevenfold. Saudi Arabia ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of ammonium nitrate to India?

In value terms, Singapore constituted the largest supplier of ammonium nitrate to India, comprising 48% of total imports. The second position in the ranking was occupied by Bulgaria, with a 21% share of total imports. It was followed by Russia, with a 17% share.

What are the leading importers of ammonium nitrate from India?

In value terms, Malaysia remains the key foreign market for ammonium nitrate exports from India, comprising 71% of total exports. The second position in the ranking was occupied by Tanzania, with a 29% share of total exports.

What is the average export price for ammonium nitrate in India?

In 2021, the average ammonium nitrate export price amounted to $369 per ton, declining by -3.4% against the previous year.

What is the average import price for ammonium nitrate in India?

In 2021, the average ammonium nitrate import price amounted to $264 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the ammonium nitrate market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4003 -

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023