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Republic of Korea - Ammonium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmmonium Nitrate Price in South Korea - 2022
Contents:
- Ammonium Nitrate Price in South Korea (FOB) - 2022
- Ammonium Nitrate Price in South Korea (CIF) - 2022
- Ammonium Nitrate Exports in South Korea
- Ammonium Nitrate Imports in South Korea
Ammonium Nitrate Price in South Korea (FOB) - 2022
In 2022, the average ammonium nitrate export price amounted to $415 per ton, surging by 4% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 27%. The export price peaked at $473 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($793 per ton), while the average price for exports to Saudi Arabia ($271 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Ammonium Nitrate Price in South Korea (CIF) - 2022
The average ammonium nitrate import price stood at $785 per ton in 2022, picking up by 49% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 822%. The import price peaked at $1,097 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,400 per ton), while the price for Sweden ($572 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Ammonium Nitrate Exports in South Korea
In 2022, after two years of decline, there was significant growth in overseas shipments of ammonium nitrate, when their volume increased by 122% to 240K tons. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ammonium nitrate exports skyrocketed to $99M in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Ammonium Nitrate in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 9.5 | 7.2 | 4.3 | 25.8 | 39.5% |
Philippines | 2.8 | 2.0 | 3.9 | 13.2 | 67.7% |
Malaysia | 2.9 | 3.0 | 5.8 | 13.0 | 64.9% |
Japan | 6.9 | 6.6 | 9.1 | 12.2 | 20.9% |
Thailand | 5.5 | 6.6 | 6.8 | 8.6 | 16.1% |
India | 2.5 | 1.7 | N/A | 4.9 | 25.1% |
Taiwan (Chinese) | 4.2 | 4.4 | 5.0 | 4.2 | 0.0% |
Vietnam | 0.1 | 3.1 | 2.7 | 3.9 | 239.1% |
United Arab Emirates | 1.8 | 1.6 | 2.1 | 3.6 | 26.0% |
Saudi Arabia | 2.2 | 2.0 | 0.2 | 1.9 | -4.8% |
Others | 4.1 | 2.6 | 3.2 | 8.3 | 26.5% |
Total | 42.5 | 40.7 | 43.1 | 99.5 | 32.8% |
Top Export Markets for Ammonium Nitrate from South Korea in 2022:
- Indonesia (80.2K tons)
- Philippines (36.8K tons)
- Malaysia (34.2K tons)
- Thailand (22.7K tons)
- Japan (17.1K tons)
- Vietnam (11.7K tons)
- Saudi Arabia (7.1K tons)
- India (6.8K tons)
- Taiwan (Chinese) (5.3K tons)
- United Arab Emirates (5.3K tons)
Ammonium Nitrate Imports in South Korea
In 2022, the amount of ammonium nitrate imported into South Korea surged to 1.5K tons, jumping by 45% against the previous year. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 196% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, ammonium nitrate imports soared to $1.2M in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 153% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Ammonium Nitrate in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 19.3 | N/A | 20.3 | 1,172 | 293.1% |
India | N/A | 4.3 | N/A | N/A | 0% |
Oman | 178 | 215 | 536 | N/A | 73.5% |
Others | 3.5 | 0.2 | 0.9 | 34.2 | 113.8% |
Total | 200 | 220 | 557 | 1,207 | 82.1% |
Top Suppliers of Ammonium Nitrate to South Korea in 2022:
- Vietnam (1500.0 tons)
This report provides an in-depth analysis of the ammonium nitrate market in Republic of Korea. 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 - Ammonium nitrate (AN)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the ammonium nitrate market in Republic of Korea.
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This report provides an in-depth analysis of the global ammonium nitrate market.
The global market for ammonium nitrate is expected to experience steady growth over the next seven years, with market volume projected to reach 31M tons and market value expected to reach $15.8B by the end of 2030. The market is forecasted to see a CAGR of +3.0% in volume and +5.5% in value from 2023 to 2030.
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