United Arab Emirates: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the United Arab Emirates

In 2022, the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the United Arab Emirates increased by 86% to $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption, however, recorded a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the United Arab Emirates

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from the United Arab Emirates

In 2022, after four years of growth, there was significant decline in shipments abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when their volume decreased by -45.1% to X tons. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 7,116% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined markedly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 11,367%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Malawi (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from the United Arab Emirates, accounting for a 91% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Malawi exceeded the volume sent to the second major destination, Somalia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malawi stood at +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+82.9% per year) and Sudan (+76.1% per year).

In value terms, Malawi ($X) remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was taken by Somalia ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malawi stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+51.9% per year) and Sudan (+43.8% per year).

Export Prices by Country

In 2022, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Somalia ($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 Malawi (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into the United Arab Emirates

In 2019, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution into the United Arab Emirates shrank sharply to X tons, dropping by -23.2% against the year before. Over the period under review, imports faced a precipitous setback. The smallest decline of -9.3% was in 2017. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped notably to $X in 2019. Overall, imports recorded a precipitous descent. The smallest decline of -7.8% was in 2017. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Saudi Arabia (X tons) was the main mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to the United Arab Emirates, accounting for a approx. 100% share of total imports.

From 2016 to 2019, the average annual rate of growth in terms of volume from Saudi Arabia stood at -16.4%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to the United Arab Emirates.

From 2016 to 2019, the average annual growth rate of value from Saudi Arabia totaled -3.0%.

Import Prices by Country

The average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2019, declining by -28.3% against the previous year. Overall, import price indicated measured growth from 2016 to 2019: its price increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by +10.2% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 51%. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2016 to 2019, the rate of growth in terms of prices for Qatar amounted to +33.3% per year.

Source: IndexBox Platform

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