Croatia - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 9, 2024

Croatia - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Nitrogenous Fertilizer Price in Croatia - 2023

Contents:

  1. Nitrogenous Fertilizer Price in Croatia (FOB) - 2022
  2. Nitrogenous Fertilizer Price in Croatia (CIF) - 2022
  3. Nitrogenous Fertilizer Exports in Croatia
  4. Nitrogenous Fertilizer Imports in Croatia

Nitrogenous Fertilizer Price in Croatia (FOB) - 2022

In 2022, the average nitrogenous fertilizer export price amounted to $370 per ton, rising by 8.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62%. The export price peaked at $400 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($3,112 per ton), while the average price for exports to Italy ($268 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 Turkey (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Price in Croatia (CIF) - 2022

The average nitrogenous fertilizer import price stood at $435 per ton in 2022, rising by 13% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrogenous fertilizer import price increased by +93.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 71%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($807 per ton), while the price for Hungary ($297 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+60.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrogenous Fertilizer Exports in Croatia

For the third year in a row, Croatia recorded decline in overseas shipments of nitrogenous fertilizers (mineral or chemical), which decreased by -55.9% to 246K tons in 2022. Over the period under review, exports faced a sharp curtailment. The smallest decline of -4.9% was in 2020.

In value terms, nitrogenous fertilizer exports dropped dramatically to $91M in 2022. Overall, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports attained the peak of $190M, and then shrank rapidly in the following year.

Export of Nitrogenous Fertilizer in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary31.620.743.120.1-14.0%
Slovenia12.011.714.518.014.5%
Serbia28.424.416.410.1-29.2%
Bosnia and Herzegovina12.213.28.49.6-7.7%
Austria29.227.041.97.9-35.3%
Romania3.15.28.27.735.4%
Italy23.718.631.17.5-31.9%
Slovakia3.32.23.75.317.1%
Bulgaria4.92.86.30.6-50.3%
Greece3.54.72.90.3-55.9%
Portugal3.01.07.3N/A56.0%
Turkey12.65.1N/AN/A-59.5%
Others9.612.06.23.7-27.2%
Total17714919090.8-19.9%

Top Export Markets for Nitrogenous Fertilizer from Croatia in 2022:

  1. Turkey (undefinedK tons)
  2. Hungary (66.2K tons)
  3. Slovenia (55.6K tons)
  4. Italy (27.9K tons)
  5. Austria (21.9K tons)
  6. Romania (20.5K tons)
  7. Bosnia and Herzegovina (18.5K tons)
  8. Serbia (17.1K tons)
  9. Slovakia (10.2K tons)
  10. Bulgaria (1.7K tons)
  11. Greece (0.8K tons)

Nitrogenous Fertilizer Imports in Croatia

Nitrogenous fertilizer imports into Croatia skyrocketed to 429K tons in 2022, growing by 258% compared with the previous year. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports surged to $186M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nitrogenous Fertilizer in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy5.83.512.332.277.1%
Hungary6.86.57.026.657.6%
Slovenia2.52.25.022.9109.2%
TurkeyN/AN/AN/A17.80%
Romania0.81.33.614.1160.2%
RussiaN/AN/AN/A11.70%
SlovakiaN/A0.11.19.2859.2%
Austria1.02.01.38.8106.5%
EgyptN/AN/A6.98.624.6%
Others3.92.58.834.4106.6%
Total20.918.146.0186107.2%

Top Suppliers of Nitrogenous Fertilizer to Croatia in 2022:

  1. Hungary (89.8K tons)
  2. Italy (81.0K tons)
  3. Slovenia (69.1K tons)
  4. Romania (41.3K tons)
  5. Slovakia (27.5K tons)
  6. Turkey (23.9K tons)
  7. Austria (20.1K tons)
  8. Russia (16.0K tons)
  9. Egypt (10.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrogenous fertilizer market in Croatia. 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 4001 - Urea
  • FCL 4002 - Ammonium sulphate
  • FCL 4003 - Ammonium nitrate (AN)
  • FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
  • FCL 4005 - Sodium nitrate
  • FCL 4006 - Urea and ammonium nitrate solutions (UAN)
  • FCL 4008 - Other nitrogenous fertilizers, n.e.c.

Country coverage:

  • Croatia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Croatia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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