South-Eastern Asia: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in South-Eastern Asia

The Southeast Asian ammonium chloride market surged to $X in 2021, picking up by 63% against the previous year. Over the period under review, consumption enjoyed prominent growth. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Ammonium Chloride Production in South-Eastern Asia

In value terms, ammonium chloride production declined notably to $X in 2021 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,042% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank notably in the following year.

Ammonium Chloride Exports

Exports in South-Eastern Asia

In 2021, the amount of ammonium chloride exported in South-Eastern Asia contracted sharply to X tons, dropping by -69.8% on the year before. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 210% against the previous year. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, ammonium chloride exports reduced remarkably to $X in 2021. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 143% against the previous year. The level of export peaked at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Vietnam represented the main exporting country with an export of about X tons, which accounted for 56% of total exports. It was distantly followed by Singapore (X tons), Thailand (X tons), Indonesia (X tons) and Malaysia (X tons), together committing a 44% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ammonium chloride exports from Vietnam stood at +31.5%. At the same time, Indonesia (+127.5%), Thailand (+81.4%) and Singapore (+6.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +127.5% from 2012-2021. By contrast, Malaysia (-12.9%) illustrated a downward trend over the same period. While the share of Vietnam (+43 p.p.), Thailand (+12 p.p.) and Indonesia (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-10.3 p.p.) and Malaysia (-50 p.p.) displayed negative dynamics.

In value terms, the largest ammonium chloride supplying countries in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Indonesia ($X), with a combined 89% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +110.1%, saw 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

The export price in South-Eastern Asia stood at $X per ton in 2021, jumping by 31% against the previous year. In general, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by 37% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($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 (+3.1%), while the other leaders experienced a decline in the export price figures.

Ammonium Chloride Imports

Imports in South-Eastern Asia

Ammonium chloride imports skyrocketed to X tons in 2021, with an increase of 42% on the previous year's figure. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 149% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, ammonium chloride imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia represented the key importer of ammonium chloride in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. 64% of total imports in 2021. Indonesia (X tons) ranks second in terms of the total imports with a 17% share, followed by Vietnam (16%).

From 2012 to 2021, average annual rates of growth with regard to ammonium chloride imports into Malaysia stood at +2.9%. At the same time, Indonesia (+19.8%) and Vietnam (+11.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +19.8% from 2012-2021. While the share of Indonesia (+12 p.p.) and Vietnam (+6.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-14.4 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports.

Indonesia, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 30% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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