MERCOSUR: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in MERCOSUR

The MERCOSUR ammonia in aqueous solution market expanded slightly to $X in 2022, rising by X% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ammonia In Aqueous Solution in MERCOSUR

In value terms, ammonia in aqueous solution production expanded modestly to $X in 2022 estimated in export price. In general, production recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ammonia In Aqueous Solution

Exports in MERCOSUR

In 2022, shipments abroad of ammonia in aqueous solution increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Suriname (X tons) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of ammonia in aqueous solution. Suriname (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest ammonia in aqueous solution supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Suriname ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, standing approx. at the previous year. Export price indicated a noticeable expansion 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 2018 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Suriname ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (X%).

Imports of Ammonia In Aqueous Solution

Imports in MERCOSUR

In 2022, overseas purchases of ammonia in aqueous solution increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a noticeable increase. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, ammonia in aqueous solution imports rose notably to $X in 2022. In general, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons) was the key importer of ammonia in aqueous solution, making up X% of total imports. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Suriname (X%) and Paraguay (X%). Chile (X tons), Venezuela (X tons) and Guyana (X tons) took a little share of total imports.

Uruguay 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, Guyana (X%) and Suriname (X%) displayed positive paces of growth. By contrast, Peru (X%), Paraguay (X%), Chile (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ammonia in aqueous solution importing markets in MERCOSUR were Uruguay ($X), Suriname ($X) and Paraguay ($X), together accounting for X% of total imports.

Suriname, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform