Report Update: May 1, 2024

Ukraine - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Price for Urea and Thiourea Resins in Ukraine - 2023

Price for Urea and Thiourea Resins in Ukraine (CIF) - 2023

In August 2023, the average urea and thiourea resins import price amounted to $480 per ton, reducing by -3.8% against the previous month. In general, the import price saw a noticeable descent. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 1.5% against the previous month. The import price peaked at $819 per ton in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Lithuania ($617 per ton) and Belgium ($516 per ton), while the price for Romania ($436 per ton) and Slovakia ($448 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (-1.1%), while the prices for the other major suppliers experienced a decline.

Price for Urea and Thiourea Resins in Ukraine (FOB) - 2022

In 2022, the average urea and thiourea resins export price amounted to $683 per ton, with an increase of 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 43% against the previous year. The export price peaked at $1,526 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($853 per ton), while the average price for exports to Poland amounted to $673 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Urea and Thiourea Resins in Ukraine

In 2022, after three years of growth, there was significant decline in overseas purchases of urea resins and thiourea resins in primary forms, when their volume decreased by -34.7% to 90K tons. Overall, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of 139K tons, and then reduced dramatically in the following year.

In value terms, urea and thiourea resins imports rose slightly to $71M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 111% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Urea and Thiourea Resins in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	7.8	7.9	18.3	41.3	74.3%
Slovakia	N/A	N/A	N/A	14.3	0%
Belarus	20.9	22.5	40.9	8.4	-26.2%
Belgium	N/A	N/A	0.4	2.9	625.0%
Romania	N/A	0.6	2.0	1.8	73.2%
Russia	2.9	N/A	N/A	N/A	0%
Others	0.9	1.0	5.6	1.7	23.6%
Total	32.5	31.9	67.3	70.5	29.4%

Top Suppliers of Urea and Thiourea Resins to Ukraine in 2022:

Poland (51.7K tons)
Slovakia (19.0K tons)
Belarus (12.1K tons)
Belgium (3.8K tons)
Romania (2.5K tons)

Exports of Urea and Thiourea Resins in Ukraine

For the fourth year in a row, Ukraine recorded growth in overseas shipments of urea resins and thiourea resins in primary forms, which increased by 363% to 1.7K tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, urea and thiourea resins exports surged to $1.2M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Urea and Thiourea Resins in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	56.3	N/A	N/A	1,134	172.1%
Bosnia and Herzegovina	N/A	N/A	144	20.3	-85.9%
Uzbekistan	N/A	35.3	N/A	N/A	0%
Romania	N/A	24.2	64.9	N/A	168.2%
Others	6.6	18.0	0.4	14.6	30.3%
Total	62.9	77.5	210	1,169	164.9%

Top Export Markets for Urea and Thiourea Resins from Ukraine in 2022:

Poland (1683.7 tons)
Bosnia and Herzegovina (23.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for urea and thiourea resins in Ukraine. 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:

Prodcom 20165550 - Urea resins and thiourea resins, in primary forms

Country coverage:

Ukraine

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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