China: 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 China

The Chinese market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank markedly to $X in 2023, dropping by X% against the previous year. Overall, consumption showed a significant curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in China

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted markedly to $X in 2023 estimated in export price. Overall, production continues to indicate a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production of growth remained at a somewhat lower figure.

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

Exports from China

In 2023, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were finally on the rise to reach X tons after seven years of decline. In general, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), New Zealand (X tons) and Indonesia (X tons) were the main destinations of exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from China, together comprising X% of total exports. These countries were followed by India, which accounted for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from China were Australia ($X), New Zealand ($X) and India ($X), with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and Australia ($X per ton), while the average price for exports to Indonesia ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imported into China skyrocketed to X tons, increasing by X% against 2022 figures. Over the period under review, imports showed pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2023. Overall, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Russia (X tons) was the main mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to China, with a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Russia stood at X%.

In value terms, Russia ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to China.

From 2012 to 2023, the average annual rate of growth in terms of value from Russia totaled X%.

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 2023, reducing by X% against the previous year. Overall, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Source: IndexBox Platform