Currently, major ammonium nitrate producers include China, Russia, the United States, Ukraine, and Australia. According to the publisher, Russia is the world's largest ammonium nitrate producer and exporter, holding a significant production advantage worldwide, followed by the United States and China. In terms of market demand, agriculture-driven regions in Africa, Latin America, and Asia are the largest ammonium nitrate consumers. India, being a major agricultural country, also sees a steadily increasing consumption of ammonium nitrate.
India's demand for ammonium nitrate continues to grow. According to the publisher, the annual demand has increased by about 6-7% in recent years, largely driven by the agricultural sector. India, with crops like rice, wheat, corn, and sugarcane, depends heavily on ammonium nitrate, especially during the monsoon (Kharif) and winter planting (Rabi) seasons. Additionally, the Indian government's substantial subsidy policy on ammonium nitrate has made it a low-cost fertilizer, greatly stimulating farmers' demand. However, due to limited domestic production capacity, India requires significant imports to bridge the supply gap each year.
According to the publisher's data, India's total ammonium nitrate imports reached USD 198 million in 2023, with strong demand continuing into 2024. From January to July 2024, India imported approximately USD 103 million in ammonium nitrate, with market demand expected to keep rising in the coming years.
Based on the publisher's analysis, India's primary import sources for ammonium nitrate include Russia, Bulgaria, Georgia, Turkey, and Singapore, with Russia being the largest supplier. From 2021 to 2024, Russia, Bulgaria, and Georgia remained the top three sources of ammonium nitrate imports to India. The main companies exporting to India during this period include DREYMOOR FERTILIZERS OVERSEAS PTE.LTD, SWISS SINGAPORE OVERSEAS ENTERPRISES, and ADITYA BIRLA GLOBAL TRADING, while key importers include SRI LANKA STATE TRDG (GEN) CORP LTD, NITRO CHEMICALS LTD, and DETONATOR BLASTING AND CONTRACTING, among others.
Overall, India's ammonium nitrate market shows substantial demand. The publisher indicates that although India has some domestic production capacity, it is insufficient to meet the full demand, leading to substantial annual imports from Russia and other countries. As Indian agriculture continues to grow, the demand for ammonium nitrate in India is likely to keep increasing, with imports expected to rise further.
Topics covered:
- The Import and Export of Ammonium Nitrate in India (2021-2024)
- Total Import Volume and Percentage Change of Ammonium Nitrate in India (2021-2024)
- Total Import Value and Percentage Change of Ammonium Nitrate in India (2021-2024)
- Total Import Volume and Percentage Change of Ammonium Nitrate in India (2024)
- Total Import Value and Percentage Change of Ammonium Nitrate in India (2024)
- Average Import Price of Ammonium Nitrate in India (2021-2024)
- Top 10 Sources of Ammonium Nitrate Imports in India and Their Supply Volume
- Top 10 Suppliers in the Import Market of Ammonium Nitrate in India and Their Supply Volume
- Top 10 Importers of Ammonium Nitrate in India and Their Import Volume
- How to Find Distributors and End Users of Ammonium Nitrate in India
- How Foreign Enterprises Enter the Ammonium Nitrate Market of India
- Forecast for the Import of Ammonium Nitrate in India (2024-2033)
Table of Contents
Companies Mentioned
- DREYMOOR FERTILIZERS OVERSEAS PTE.LTD
- SWISS SINGAPORE OVERSEAS ENTERPRISES
- ADITYA BIRLA GLOBAL TRADING
- SRI LANKA STATE TRDG (GEN) CORP LTD
- NITRO CHEMICALS LTD
- DETONATOR BLASTING AND CONTRACTING
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 206.91 Million |
| Forecasted Market Value ( USD | $ 307.49 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | India |
| No. of Companies Mentioned | 6 |
