Greece - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Greece - 2023
Contents:
- Urea Price in Greece (CIF) - 2022
- Urea Price in Greece (FOB) - 2023
- Urea Imports in Greece
- Urea Exports in Greece
Urea Price in Greece (CIF) - 2022
In 2022, the average urea import price amounted to $666 per ton, rising by 49% against the previous year. Overall, the import price enjoyed a noticeable increase. The growth pace was the most rapid in 2021 when the average import price increased by 70%. Over the period under review, average import prices attained the peak figure 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 Uzbekistan ($775 per ton), while the price for Russia ($324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Price in Greece (FOB) - 2023
The average urea export price stood at $474 per ton in July 2023, increasing by 4.9% against the previous month. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in October 2022 an increase of 8.4% against the previous month. Over the period under review, the average export prices attained the maximum at $873 per ton in August 2022; however, from September 2022 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 Romania ($982 per ton), while the average price for exports to Malta ($416 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 Romania (-0.8%), while the prices for the other major destinations experienced a decline.
Urea Imports in Greece
For the fourth year in a row, Greece recorded growth in supplies from abroad of urea, which increased by 11% to 280K tons in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports skyrocketed to $186M in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Urea in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 43.0 | 38.0 | 82.0 | 129 | 44.2% |
| Netherlands | 13.4 | 12.1 | 7.2 | 15.4 | 4.7% |
| Indonesia | N/A | N/A | N/A | 13.7 | 0% |
| Uzbekistan | N/A | N/A | 10.4 | 13.0 | 25.0% |
| Russia | 2.2 | 1.5 | 5.4 | 5.2 | 33.2% |
| Oman | 1.3 | 2.3 | N/A | N/A | 76.9% |
| Iran | 2.9 | 2.6 | N/A | N/A | -10.3% |
| Others | 4.0 | 7.1 | 7.7 | 10.3 | 37.1% |
| Total | 66.8 | 63.5 | 113 | 186 | 40.7% |
Top Suppliers of Urea to Greece in 2022:
- Egypt (170.1K tons)
- Netherlands (43.0K tons)
- Indonesia (19.5K tons)
- Uzbekistan (16.8K tons)
- Russia (16.0K tons)
Urea Exports in Greece
In 2022, overseas shipments of urea increased by 203% to 27K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt curtailment.
In value terms, urea exports soared to $22M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Urea in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 9.9 | 5.3 | 1.7 | 8.3 | -5.7% |
| North Macedonia | 0.2 | 0.2 | 0.2 | 3.9 | 169.2% |
| Romania | 0.1 | 0.1 | 0.8 | 2.4 | 188.4% |
| Kosovo | N/A | N/A | N/A | 2.4 | 0% |
| Albania | 0.4 | 0.6 | 0.8 | 1.7 | 62.0% |
| Germany | N/A | N/A | N/A | 0.9 | 0% |
| Cyprus | 0.5 | 0.5 | 0.8 | 0.6 | 6.3% |
| Lebanon | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Others | 0.8 | 0.3 | 0.5 | 1.7 | 28.6% |
| Total | 12.2 | 7.0 | 5.0 | 22.2 | 22.1% |
Top Export Markets for Urea from Greece in 2022:
- Bulgaria (10.6K tons)
- North Macedonia (4.5K tons)
- Kosovo (3.1K tons)
- Romania (2.2K tons)
- Albania (2.0K tons)
- Germany (1.0K tons)
- Lebanon (0.9K tons)
- Cyprus (0.6K tons)
This report provides an in-depth analysis of the urea market in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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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