Southern Asia: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Southern Asia

The South Asian market for compounds with other nitrogen function (excluding isocyanates) reduced to $X in 2022, dropping by -2% against the previous year. Overall, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Southern Asia

In value terms, compounds with other nitrogen function production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Southern Asia

Compounds with other nitrogen function exports declined to X tons in 2022, waning by -9% against 2021 figures. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 87%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, compounds with other nitrogen function exports shrank modestly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 177% against the previous year. The level of export peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 100% of total export.

India was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of +12.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest compounds with other nitrogen function supplier in Southern Asia.

In India, compounds with other nitrogen function exports increased at an average annual rate of +22.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by 9.6% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2014 when the export price increased by 149%. The level of export peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +9.4% per year.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Southern Asia

After three years of growth, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -1.6% to X tons in 2022. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.7% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports surged to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 56%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Pakistan was the largest importer of compounds with other nitrogen function (excluding isocyanates) in Southern Asia, with the volume of imports resulting at X tons, which was near 66% of total imports in 2022. India (X tons) held the second position in the ranking, followed by Bangladesh (X tons). All these countries together took near 34% share of total imports.

Pakistan experienced a relatively flat trend pattern with regard to volume of imports of compounds with other nitrogen function (excluding isocyanates). At the same time, Bangladesh (+4.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +4.1% from 2012-2022. India experienced a relatively flat trend pattern. Bangladesh (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -1.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Southern Asia, comprising 58% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 23% share of total imports.

In India, compounds with other nitrogen function imports expanded at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+9.8% per year) and Pakistan (+2.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of 31% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +33.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 44%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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