Southern 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 Southern Asia

In 2023, the South Asian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production of growth failed to regain momentum.

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

Exports in Southern Asia

In 2023, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were exported in Southern Asia; growing by X% against the previous year's figure. Overall, exports enjoyed modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X,329% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports of 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. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2013 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in Southern Asia.

From 2013 to 2023, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2013 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2023, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were imported in Southern Asia; increasing by X% compared with the year before. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports of remained at a somewhat 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 posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, India (X tons) was the largest importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, committing X% of total imports. It was distantly followed by Nepal (X tons), committing a X% share of total imports.

India 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, Nepal (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Nepal saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Nepal stood at $X per ton.

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

Source: IndexBox Platform