Key Market Indicators
Singapore is set to become the world's 30th largest exporter of ammonia by 2026. Since 1994, the country's supply of the chemical has grown 3% annually on average. In 2021, it exported $5.2 million, surpassing Hungary's total of $5.2 million. Saudi Arabia, Russia and Indonesia ranked 2nd, 3rd and 4th respectively in the ranking. Meanwhile, Singaporean Ammonia import is projected to reach $23.3 million by 2026 from $20.9 million in 2021, growing at a CAGR of 1.9% year over year. Since 1994, Singaporean demand for the chemical has risen 2.7% annually.
