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Report World - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Global Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size

For the fourth year in a row, the global ammonium nitrate market recorded growth in sales value, which increased by 1.9% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by 7.7%. Over the period under review, the global market hit record highs in 2021 and is expected to retain growth in the immediate term.

Ammonium Nitrate Production

In value terms, ammonium nitrate production rose slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.2%. Global production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports

In 2021, approx. X tons of ammonium nitrate were exported worldwide; increasing by 10% against 2020 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. The global exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ammonium nitrate exports skyrocketed to $X in 2021. In general, exports, however, showed a mild slump. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia was the major exporting country with an export of around X tons, which finished at 49% of total exports. Georgia (X tons) ranks second in terms of the total exports with a 5.6% share, followed by Oman (5.5%) and Lithuania (4.6%). Bulgaria (X tons), Sweden (X tons), Uzbekistan (X tons), Canada (X tons), Saudi Arabia (X tons), the UK (X tons), South Africa (X tons), Chile (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ammonium nitrate exports from Russia stood at +3.3%. At the same time, Oman (+58.0%), the UK (+19.7%), Kazakhstan (+6.2%), Bulgaria (+5.0%), Uzbekistan (+5.0%), South Africa (+4.8%) and Georgia (+2.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the world, with a CAGR of +58.0% from 2012-2021. Sweden experienced a relatively flat trend pattern. By contrast, Lithuania (-1.9%), Canada (-4.8%), Chile (-5.4%) and Saudi Arabia (-10.9%) illustrated a downward trend over the same period. While the share of Russia (+14 p.p.), Oman (+5.4 p.p.), Uzbekistan (+2.7 p.p.) and the UK (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Saudi Arabia (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ammonium nitrate supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of global exports. It was followed by Bulgaria, with a 4.6% share.

In Russia, ammonium nitrate exports expanded at an average annual rate of +1.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+5.1% per year) and Bulgaria (+6.8% per year).

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, picking up by 32% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.0%), while the other global leaders experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports

In 2021, the amount of ammonium nitrate imported worldwide declined to X tons, dropping by -2.9% against the previous year's figure. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 11% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ammonium nitrate imports surged to $X in 2021. In general, imports saw a pronounced shrinkage. Over the period under review, global imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons), distantly followed by Ukraine (X tons) were the major importers of ammonium nitrate, together making up 24% of total imports. Romania (X tons), the UK (X tons), Canada (X tons), Kazakhstan (X tons), Peru (X tons), France (X tons), India (X tons), Ghana (X tons), Morocco (X tons), the Netherlands (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Romania (+21.9%), Ukraine (+9.2%), the Netherlands (+8.6%), Lithuania (+2.7%) and Kazakhstan (+1.1%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +21.9% from 2012-2021. Morocco, India, Ghana and Canada experienced a relatively flat trend pattern. By contrast, the UK (-3.9%), Peru (-4.1%) and France (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Romania and Ukraine increased by +4.4, +3.7 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ammonium nitrate worldwide, comprising 16% of global imports. The second position in the ranking was held by Ukraine ($X), with a 6.2% share of global imports. It was followed by Romania, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Ukraine (+13.1% per year) and Romania (+21.2% per year).

Import Prices by Country

The average ammonium nitrate import price stood at $X per ton in 2021, with an increase of 37% against the previous year. Over the period under review, the import price, however, recorded a mild slump. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia constituted the country with the largest volume of ammonium nitrate consumption, comprising approx. 24% of total volume. Moreover, ammonium nitrate consumption in Russia exceeded the figures recorded by the second-largest consumer, Brazil, threefold. Uzbekistan ranked third in terms of total consumption with a 5.4% share.
The country with the largest volume of ammonium nitrate production was Russia, comprising approx. 41% of total volume. Moreover, ammonium nitrate production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan, sevenfold. Saudi Arabia ranked third in terms of total production with a 5.7% share.
In value terms, Russia remains the largest ammonium nitrate supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Saudi Arabia, with a 13% share of global exports. It was followed by Bulgaria, with a 4.6% share.
In value terms, Brazil constitutes the largest market for imported ammonium nitrate worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Romania, with a 5.8% share of global imports. It was followed by Peru, with a 5.5% share.
The average ammonium nitrate export price stood at $327 per ton in 2021, with an increase of 29% against the previous year.
In 2021, the average ammonium nitrate import price amounted to $291 per ton, surging by 22% against the previous year.

This report provides an in-depth analysis of the global ammonium nitrate market. 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:

  • FCL 4003 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

EuroChem Group AG, URALCHEM, OSTCHEM Holding, Acron Group, CF Industries, Orica, Austin Powder International, Incitec Pivot Industries, Yara International, Neochim Plc, San Corporation, Enaex S.A., Abu Qir Fertilizers and Chemicals Company, Vijay Gas Industry, Sinochem, Hualong Ammonium Nitrate Co., MAXAM-Chirchiq, Sabic, Suez international Nitrate Company, Nutrien, CSBP

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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