Spain: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Spain

The Spanish ammonia in aqueous solution market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Ammonia In Aqueous Solution in Spain

In value terms, ammonia in aqueous solution production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Ammonia in aqueous solution production peaked in 2022 and is expected to retain growth in the near future.

Exports of Ammonia In Aqueous Solution

Exports from Spain

In 2022, shipments abroad of ammonia in aqueous solution was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, ammonia in aqueous solution exports soared to $X in 2022. In general, exports saw a strong increase. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Portugal (X tons) and Morocco (X tons) were the main destinations of ammonia in aqueous solution exports from Spain, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Ireland ($X) and Portugal ($X) were the largest markets for ammonia in aqueous solution exported from Spain worldwide, with a combined X% share of total exports.

Among the main countries of destination, Italy, with a CAGR of X%, 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 average ammonia in aqueous solution export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to France ($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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports into Spain

After two years of growth, purchases abroad of ammonia in aqueous solution decreased by X% to X tons in 2022. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ammonia in aqueous solution imports shrank remarkably to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of ammonia in aqueous solution to Spain, accounting for a X% share of total imports. Moreover, ammonia in aqueous solution imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Belgium (X% per year).

In value terms, the largest ammonia in aqueous solution suppliers to Spain were France ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. Portugal, Italy and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ammonia in aqueous solution import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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