Croatia - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Croatia - 2023
Contents:
- Urea Price in Croatia (FOB) - 2023
- Urea Price in Croatia (CIF) - 2023
- Urea Exports in Croatia
- Urea Imports in Croatia
Urea Price in Croatia (FOB) - 2023
In July 2023, the average urea export price amounted to $438 per ton, with an increase of 38% against the previous month. In general, the export price, however, saw a deep reduction. Over the period under review, the average export prices hit record highs at $940 per ton in December 2022; however, from January 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bosnia and Herzegovina ($921 per ton), while the average price for exports to Austria ($257 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Urea Price in Croatia (CIF) - 2023
In July 2023, the average urea import price amounted to $416 per ton, shrinking by -19% against the previous month. In general, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 13% m-o-m. Over the period under review, average import prices hit record highs at $758 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Romania ($1,135 per ton), while the price for Bosnia and Herzegovina ($251 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Romania (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Urea Exports in Croatia
For the third consecutive year, Croatia recorded decline in overseas shipments of urea, which decreased by -69.4% to 87K tons in 2022. Overall, exports recorded a precipitous decrease. The smallest decline of -12.9% was in 2021.
In value terms, urea exports fell dramatically to $34M in 2022. Over the period under review, exports faced a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $115M, and then shrank sharply in the following year.
| Export of Urea in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.9 | 0.3 | 1.3 | 7.5 | 102.7% |
| Serbia | 16.5 | 11.8 | 11.3 | 6.7 | -25.9% |
| Slovenia | 4.7 | 4.7 | 6.3 | 6.7 | 12.5% |
| Austria | 25.3 | 23.1 | 40.7 | 6.1 | -37.8% |
| Hungary | 5.7 | 4.6 | 9.9 | 2.7 | -22.0% |
| Italy | 18.8 | 14.7 | 27.9 | 1.9 | -53.4% |
| Bosnia and Herzegovina | 4.6 | 5.2 | 2.3 | 1.3 | -34.4% |
| Turkey | 12.6 | 4.3 | N/A | N/A | -65.9% |
| Others | 12.4 | 9.3 | 14.9 | 1.0 | -56.8% |
| Total | 102 | 77.9 | 115 | 33.9 | -30.7% |
Top Export Markets for Urea from Croatia in 2022:
- Turkey (undefinedK tons)
- Slovenia (22.3K tons)
- Romania (20.2K tons)
- Austria (13.8K tons)
- Serbia (13.1K tons)
- Hungary (5.5K tons)
- Italy (4.7K tons)
- Bosnia and Herzegovina (4.4K tons)
Urea Imports in Croatia
In 2022, approx. 150K tons of urea were imported into Croatia; increasing by 196% compared with 2021 figures. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea imports soared to $82M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 2.5 | 2.2 | 4.8 | 21.9 | 106.1% |
| Italy | 3.5 | 1.9 | 7.3 | 13.4 | 56.4% |
| Russia | N/A | N/A | N/A | 11.7 | 0% |
| Egypt | N/A | N/A | 6.8 | 8.6 | 26.5% |
| Oman | N/A | N/A | N/A | 6.8 | 0% |
| Romania | N/A | 0.1 | 0.9 | 3.1 | 456.8% |
| Poland | 0.5 | 0.4 | 0.8 | 3.0 | 81.7% |
| Austria | 0.8 | 1.6 | 0.8 | 2.8 | 51.8% |
| Hungary | 1.5 | 0.8 | 0.3 | 0.9 | -15.7% |
| Others | 0.6 | 0.6 | 1.1 | 10.1 | 156.3% |
| Total | 9.4 | 7.6 | 22.7 | 82.4 | 106.2% |
Top Suppliers of Urea to Croatia in 2022:
- Slovenia (65.1K tons)
- Italy (17.3K tons)
- Russia (16.0K tons)
- Egypt (10.7K tons)
- Oman (8.7K tons)
- Romania (7.2K tons)
- Poland (5.1K tons)
- Austria (3.2K tons)
- Hungary (3.1K tons)
This report provides an in-depth analysis of the urea 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
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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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