Asia: 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 Asia

After two years of growth, the Asian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to $X in 2023. Over the period under review, consumption recorded a slight decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution rose to $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

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

Exports in Asia

After two years of growth, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. Over the period under review, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export 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 declined remarkably to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Turkmenistan represented the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and Iran (X tons), together creating a X% share of total exports. Saudi Arabia (X tons) and China (X tons) took a relatively small share of total exports.

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

In value terms, Turkmenistan ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Turkmenistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price recorded a pronounced reduction. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2023, purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2022, and then shrank rapidly in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank markedly to $X in 2023. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped significantly in the following year.

Imports by Country

Israel was the major importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), Turkey (X tons) and Palestine (X tons), together mixing up a X% share of total imports. China (X tons) took a relatively small share of total imports.

Israel was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Palestine (X%), Kazakhstan (X%) and China (X%) displayed positive paces of growth. Israel (X p.p.), Turkey (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Israel, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform