Report Update Nov 1, 2024

Vietnam - Anhydrous Ammonia - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Ammonia Market 2024

Ammonia Market Size in Vietnam

The Vietnamese ammonia market reduced modestly to $X in 2022, waning by -3.2% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Ammonia consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Ammonia Production in Vietnam

In value terms, ammonia production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Ammonia production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ammonia Exports

Exports from Vietnam

In 2022, overseas shipments of anhydrous ammonia decreased by -30.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 996%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, ammonia exports plummeted to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 884%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Cambodia (X tons) was the main destination for ammonia exports from Vietnam, with a 90% share of total exports. Moreover, ammonia exports to Cambodia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia totaled +71.0%.

In value terms, Cambodia ($X) remains the key foreign market for anhydrous ammonia exports from Vietnam, comprising 90% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia totaled +57.2%.

Export Prices by Country

In 2022, the average ammonia export price amounted to $X per ton, which is down by -11% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 64%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Cambodia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+2.5%), while the prices for the other major destinations experienced a decline.

Ammonia Imports

Imports into Vietnam

In 2022, approx. X tons of anhydrous ammonia were imported into Vietnam; which is down by -14.1% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ammonia imports fell sharply to $X in 2022. In general, imports continue to indicate a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Bangladesh (X tons) were the main suppliers of ammonia imports to Vietnam, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonia suppliers to Vietnam were Indonesia ($X), Bangladesh ($X) and Malaysia ($X), together accounting for 98% of total imports.

In terms of the main suppliers, Bangladesh, with a CAGR of +13.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ammonia import price amounted to $X per ton, falling by -13.3% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 26%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for anhydrous ammonia in the world?

The country with the largest volume of ammonia consumption was China, comprising approx. 29% of total volume. Moreover, ammonia consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with an 8.8% share.

What are the largest producers of anhydrous ammonia in the world?

China remains the largest ammonia producing country worldwide, comprising approx. 28% of total volume. Moreover, ammonia production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The United States ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of anhydrous ammonia to Vietnam?

In value terms, the largest ammonia suppliers to Vietnam were Malaysia, Indonesia and China, together comprising 98% of total imports.

What are the leading importers of anhydrous ammonia from Vietnam?

In value terms, Cambodia remains the key foreign market for ammonia exports from Vietnam, comprising 76% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic, with a 21% share of total exports.

What is the average export price for anhydrous ammonia in Vietnam?

In 2020, the average ammonia export price amounted to $338 per ton, which is down by -12.9% against the previous year.

What is the average import price for anhydrous ammonia in Vietnam?

The average ammonia import price stood at $259 per ton in 2020, reducing by -13.7% against the previous year.

This report provides an in-depth analysis of the ammonia market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20151075 - Anhydrous ammonia

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023