Report Update Nov 1, 2024

Singapore - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Ammonia Market 2024

Ammonia Exports

Exports from Singapore

In 2022, the amount of anhydrous ammonia exported from Singapore skyrocketed to X tons, rising by 66% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 161% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, ammonia exports surged to $X in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 144% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for ammonia exports from Singapore, accounting for a 55% share of total exports. Moreover, ammonia exports to Malaysia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+20.0% per year) and Indonesia (-19.8% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for anhydrous ammonia exports from Singapore, comprising 60% of total exports. The second position in the ranking was held by South Korea ($X), with a 27% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) totaled +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+70.8% per year) and Malaysia (+20.2% per year).

Export Prices by Country

The average ammonia export price stood at $X per ton in 2022, rising by 2.4% against the previous year. In general, the export price saw a significant increase. The growth pace was the most rapid in 2018 when the average export price increased by 208%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonia Imports

Imports into Singapore

In 2022, imports of anhydrous ammonia into Singapore soared to X tons, growing by 127% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 157% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ammonia imports surged to $X in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of ammonia to Singapore, accounting for a 70% share of total imports. Moreover, ammonia imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.6% per year) and Saudi Arabia (+1.3% per year).

In value terms, Indonesia ($X) constituted the largest supplier of anhydrous ammonia to Singapore, comprising 68% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.1% per year) and Saudi Arabia (+1.9% per year).

Import Prices by Country

The average ammonia import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anhydrous ammonia in the world?

The country with the largest volume of ammonia consumption was China, accounting for 29% of total volume. Moreover, ammonia consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of anhydrous ammonia in the world?

The country with the largest volume of ammonia production was China, accounting for 28% of total volume. Moreover, ammonia production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the leading suppliers of anhydrous ammonia to Singapore?

In value terms, Indonesia, Malaysia and the United Arab Emirates constituted the largest ammonia suppliers to Singapore, with a combined 83% share of total imports. These countries were followed by Saudi Arabia, Oman and Australia, which together accounted for a further 12%.

What are the leading importers of anhydrous ammonia from Singapore?

In value terms, Taiwan Chinese) emerged as the key foreign market for ammonia exports from Singapore, comprising 62% of total exports. The second position in the ranking was occupied by South Korea, with a 24% share of total exports. It was followed by Malaysia, with an 8.2% share.

What is the average export price for anhydrous ammonia in Singapore?

In 2020, the average ammonia export price amounted to $23,243 per ton, increasing by 1,191% against the previous year.

What is the average import price for anhydrous ammonia in Singapore?

In 2020, the average ammonia import price amounted to $361 per ton, dropping by -11.1% against the previous year.

This report provides an in-depth analysis of the ammonia market in Singapore. 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:

Prodcom 20151075 - Anhydrous ammonia

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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