Italy - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Italy - 2023
Contents:
- Urea Price in Italy (CIF) - 2023
- Urea Price in Italy (FOB) - 2023
- Urea Imports in Italy
- Urea Exports in Italy
Urea Price in Italy (CIF) - 2023
In July 2023, the average urea import price amounted to $376 per ton, shrinking by -7.7% against the previous month. Over the period under review, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in September 2022 when the average import price increased by 13% m-o-m. The import price peaked at $803 per ton in October 2022; however, from November 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($570 per ton), while the price for Russia ($298 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 Qatar (+1.0%), while the prices for the other major suppliers experienced a decline.
Urea Price in Italy (FOB) - 2023
In July 2023, the average urea export price amounted to $369 per ton, which is down by -14.4% against the previous month. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 41% against the previous month. As a result, the export price attained the peak level of $893 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Slovenia ($452 per ton), while the average price for exports to the Netherlands ($277 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 the Netherlands (-3.1%), while the prices for the other major destinations experienced a decline.
Urea Imports in Italy
Urea imports into Italy soared to 1.1M tons in 2022, increasing by 17% compared with 2021. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, 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 soared to $840M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Urea in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 107 | 117 | 162 | 286 | 38.8% |
| Algeria | 32.2 | 11.9 | 44.2 | 167 | 73.1% |
| Germany | 12.8 | 8.5 | 17.3 | 55.0 | 62.6% |
| Turkmenistan | 1.3 | 5.2 | 6.6 | 47.8 | 232.5% |
| Libya | 1.0 | N/A | 18.0 | 41.8 | 247.1% |
| Poland | 11.1 | 10.1 | 21.7 | 40.7 | 54.2% |
| Russia | 36.6 | 10.5 | 1.0 | 36.7 | 0.1% |
| Austria | 12.7 | 8.9 | 17.9 | 28.9 | 31.5% |
| Slovakia | 7.4 | 3.8 | 10.1 | 26.8 | 53.6% |
| France | 2.3 | 1.8 | 7.6 | 22.8 | 114.8% |
| Ukraine | 7.6 | 27.5 | 64.7 | 18.0 | 33.3% |
| Uzbekistan | N/A | N/A | N/A | 16.3 | 0% |
| Netherlands | 4.2 | 3.5 | 6.8 | 15.5 | 54.5% |
| Others | 42.3 | 34.6 | 36.4 | 36.4 | -4.9% |
| Total | 278 | 243 | 414 | 840 | 44.6% |
Top Suppliers of Urea to Italy in 2022:
- Egypt (358.6K tons)
- Algeria (204.5K tons)
- Germany (86.6K tons)
- Slovakia (58.8K tons)
- Russia (57.1K tons)
- Libya (53.8K tons)
- Turkmenistan (48.3K tons)
- Poland (34.4K tons)
- France (32.8K tons)
- Netherlands (29.3K tons)
- Austria (26.2K tons)
- Ukraine (20.7K tons)
- Uzbekistan (16.6K tons)
Urea Exports in Italy
Urea exports from Italy skyrocketed to 154K tons in 2022, increasing by 66% compared with the previous year. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports soared to $98M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 0.1 | 0.1 | 0.5 | 19.6 | 480.9% |
| Netherlands | 1.4 | 2.0 | 6.5 | 17.5 | 132.1% |
| Austria | 2.8 | 2.1 | 5.0 | 13.7 | 69.8% |
| Croatia | 3.6 | 2.4 | 6.8 | 10.7 | 43.8% |
| Slovenia | 1.0 | 1.0 | 2.6 | 9.1 | 108.8% |
| Turkey | N/A | 3.5 | 5.0 | 6.9 | 40.4% |
| Slovakia | N/A | N/A | 2.3 | 5.8 | 152.2% |
| Czech Republic | 2.5 | 1.8 | 3.3 | 4.2 | 18.9% |
| Spain | 0.4 | 13.0 | 1.5 | 1.9 | 68.1% |
| France | 1.3 | 0.8 | 0.8 | 0.9 | -11.5% |
| Others | 5.9 | 4.4 | 7.4 | 7.4 | 7.8% |
| Total | 19.1 | 31.0 | 41.7 | 97.6 | 72.2% |
Top Export Markets for Urea from Italy in 2022:
- Netherlands (33.0K tons)
- Slovenia (25.3K tons)
- Hungary (22.6K tons)
- Austria (16.2K tons)
- Croatia (13.3K tons)
- Turkey (10.6K tons)
- Slovakia (8.9K tons)
- Czech Republic (8.1K tons)
- Spain (4.0K tons)
- France (2.0K tons)
This report provides an in-depth analysis of the urea market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
- 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
-
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
-
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
-
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
-
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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