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South Korea Ammonia Industry Outlook 2022 - 2026

See how South Korea Ammonia performed compared to key markets such as Trinidad and Tobago, Saudi Arabia and Russia.

Key Market Indicators

The country ranked number 8 in 2021, Japan overtook at $459,600,000. Russia, the United States and China respectively were numbers 2, 3 and 4 in this ranking. Korean ammonia exports are set to reach $18 million by 2026, a slight decrease from 2021's $18.6 million, according to a year-on-year CAGR of 0.1%. Since 1993, the supply of ammonia in Korea has grown by 14.8% annually. In 2021, Korea placed 20th in the ranking of global ammonia exporters, with Spain at the 19th spot with $18.6 million. Saudi Arabia, Russia, and Indonesia placed 2nd, 3rd, and 4th. Korean ammonia imports are predicted to reach $459 million in 2026, down from 2021's $459.6 million, with a year-on-year CAGR of 0%. Since 1993, demand for ammonia in Korea has increased by 3% each year. In 2021, Korea was 8th in the ranking of global ammonia importers, with Japan leading the list at $459.6 million. Russia, the United States, and China placed 2nd, 3rd, and 4th.

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