Eastern Asia: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Eastern Asia

The East Asian ammonium nitrate market amounted to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ammonium Nitrate Production in Eastern Asia

In value terms, ammonium nitrate production reached $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ammonium Nitrate Exports

Exports in Eastern Asia

In 2023, the amount of ammonium nitrate exported in Eastern Asia reduced rapidly to X tons, with a decrease of X% compared with 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, ammonium nitrate exports fell remarkably to $X in 2023. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Korea (X tons) represented the largest exporter of ammonium nitrate, generating X% of total exports. It was distantly followed by China (X tons), mixing up a X% share of total exports.

South Korea was also the fastest-growing in terms of the ammonium nitrate exports, with a CAGR of X% from 2012 to 2023. China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea increased by X percentage points.

In value terms, South Korea ($X) remains the largest ammonium nitrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Korea stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium nitrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Ammonium Nitrate Imports

Imports in Eastern Asia

In 2023, after two years of decline, there was significant growth in supplies from abroad of ammonium nitrate, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ammonium nitrate imports surged to $X in 2023. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest ammonium nitrate importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for X% of total imports.

In terms of the main importing countries, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium nitrate import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

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

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

Source: IndexBox Platform