Indonesia: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Indonesia

The Indonesian ammonium nitrate market declined dramatically to $X in 2021, which is down by -36% against the previous year. Overall, consumption recorded a precipitous decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ammonium Nitrate Production in Indonesia

In value terms, ammonium nitrate production fell dramatically to $X in 2021 estimated in export price. Overall, production saw a sharp descent. Over the period under review, production hit record highs at $X in 2020, and then declined remarkably in the following year.

Ammonium Nitrate Exports

Exports from Indonesia

In 2021, overseas shipments of ammonium nitrate decreased by -46.8% to X tons for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 373%. The exports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, ammonium nitrate exports declined remarkably to $X in 2021. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 390% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Papua New Guinea (X tons), Australia (X tons) and the Philippines (X tons) were the main destinations of ammonium nitrate exports from Indonesia, together accounting for 94% 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 the Philippines (with a CAGR of +59.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonium nitrate exported from Indonesia were Papua New Guinea ($X), Australia ($X) and the Philippines ($X), together comprising 95% of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +50.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ammonium nitrate export price amounted to $X per ton, rising by 5.8% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Malaysia ($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 Papua New Guinea (+1.6%), while the prices for the other major destinations experienced a decline.

Ammonium Nitrate Imports

Imports into Indonesia

In 2021, purchases abroad of ammonium nitrate decreased by -37.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp setback. The pace of growth appeared the most rapid in 2019 when imports increased by 13%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ammonium nitrate imports plummeted to $X in 2021. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Iran (X tons) constituted the largest ammonium nitrate supplier to Indonesia, accounting for a 67% share of total imports. Moreover, ammonium nitrate imports from Iran exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Iran amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.4% per year) and South Korea (-24.9% per year).

In value terms, Iran ($X) constituted the largest supplier of ammonium nitrate to Indonesia, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 6.8% share of total imports. It was followed by Egypt, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Iran amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-39.2% per year) and Egypt (+11.8% per year).

Import Prices by Country

In 2021, the average ammonium nitrate import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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