U.S.: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in the U.S.

In 2022, the U.S. ammonia in aqueous solution market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Ammonia In Aqueous Solution in the U.S.

In value terms, ammonia in aqueous solution production fell modestly to $X in 2022. Over the period under review, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Ammonia In Aqueous Solution

Exports from the U.S.

In 2022, shipments abroad of ammonia in aqueous solution increased by X% to X tons, rising for the fifth year in a row after three years of decline. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Ireland (X tons), Canada (X tons) and Israel (X tons) were the main destinations of ammonia in aqueous solution exports from the United States, with a combined X% share of total exports. Australia, Japan and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for ammonia in aqueous solution exported from the United States were Ireland ($X), Israel ($X) and Canada ($X), with a combined X% share of total exports. Australia, Japan and China lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Canada ($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 the U.S.

After four years of growth, purchases abroad of ammonia in aqueous solution decreased by X% to X tons in 2022. In general, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, ammonia in aqueous solution imports soared to $X in 2022. Over the period under review, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Canada (X tons) and Japan (X tons) were the main suppliers of ammonia in aqueous solution imports to the United States, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Canada ($X) constituted the largest supplier of ammonia in aqueous solution to the United States, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average ammonia in aqueous solution import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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 Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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