Aqueous ammonia market in Spain

Earlier Report Observations

The market for aqueous ammonia in Spain was initially supported by demand from the electronics and semiconductor sectors, which required high-purity solutions for manufacturing. This dynamic continued into 2020, when advancements in purification technology improved the quality and suitability of aqueous ammonia for precision industries, boosting demand. At the same time, the leading producer Yara España maintained its production and storage infrastructure, ensuring supply availability and contributing to a significant market expansion to 27.7 million dollars that year.

After a contraction to 22.1 million dollars in 2021, the market recovered to 28.4 million dollars in 2022. This rebound was partly linked to shifts in agricultural demand following the global COVID-19 pandemic, which altered fertilizer consumption patterns and increased ammonia usage for crop production. Although no major local regulatory changes were enacted, the indirect effects of the pandemic on farming activities influenced market volume.

The market experienced another dip in 2023 before rising to 31.0 million dollars in 2024. The latter growth aligned with global industry trends toward clean, low-emission ammonia, which spurred interest and investment in sustainable ammonia solutions, supporting market expansion even without specific Spanish regulations yet in place.

Production aqueous ammonia in Spain

In value, 2017-2020, K $ US

In Spain, the output value of aqueous ammonia reached 28 292 thousand US dollars in 2020, marking a significant year-over-year increase of 65.0%. Over the period from 2017 to 2020, production value grew by 47.8%, with a compound annual growth rate of 13.9%. The lowest value was recorded in 2019 at 17 148 thousand US dollars, which also saw the largest decline of 17.4%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, t

After a two-year decline, Spain's aqueous ammonia production rebounded. In 2020, the country produced 40 609 tonnes, showing a substantial increase of 58.7% compared to 2019. From 2017 to 2020, production rose by 21.9%, with a compound annual growth rate of 6.8%. The lowest production level was in 2019 at 25 585 tonnes, which also experienced the largest drop of 18.0%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports aqueous ammonia from Spain

Exports in kind, t

The market showed an unstable trend during this period. Export volumes reached their lowest point in 2017 and peaked in 2019, with a 1.8-fold difference between these years. In 2020, Spain's aqueous ammonia export volume was 1 114 tonnes, representing a sharp decline of 25.1% from 2019. The highest value was recorded in 2019 at 1 488 tonnes, which also saw the largest increase of 79.8%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, France, and Morocco were consistently the main destinations for Spain's aqueous ammonia exports in kind. Portugal accounted for 52.8% of exports, France for 21.1%, and Morocco for 14.0%, together making up 87.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Spain's aqueous ammonia export value increased for the third consecutive year. In 2020, export value amounted to 635.1 thousand US dollars, which is 3.9% higher than the previous year. Over the period from 2017 to 2020, exports grew by 37.9%, with a compound annual growth rate of 11.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Between 2017 and 2020, Portugal, France, and Morocco consistently led in the country structure of Spain's aqueous ammonia exports in value terms. Portugal contributed 33.1% of export value, France 14.0%, and Morocco 11.0%, collectively accounting for 58.1% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports aqueous ammonia to Spain

Imports in kind, t

Volatility characterized the market during these years. Import volumes bottomed in 2019 and peaked in 2017, with a 124-fold difference between these years. In 2020, Spain imported 22 tonnes of aqueous ammonia, up by 1,294.7% year-over-year. The lowest value was recorded in 2019 at 22 tonnes, which also saw the largest decline of 98.8%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, France effectively monopolized Spain's aqueous ammonia imports in kind, accounting for 95.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

The market exhibited volatile behavior during this period. Import values dropped to their minimum in 2019 and climbed to their maximum in 2018, with an 8.6-fold shift between these years. In 2020, Spain's aqueous ammonia imports totaled 81.0 thousand US dollars, showing a steep gain of 38.0% compared to 2019. The lowest value was in 2019 at 58.7 thousand US dollars, while the highest was in 2018 at 503.7 thousand US dollars. The largest decline occurred in 2019 at 88.3%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Throughout 2017 to 2020, France, Portugal, and Germany remained key partners in Spain's aqueous ammonia imports in value terms. France accounted for 61.6% of import value, Portugal for 16.0%, and Germany for 12.1%, together making up 89.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020