Russian Federation - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Russia - 2022
Contents:
- Urea Price in Russia (FOB) - 2022
- Urea Price in Russia (CIF) - 2022
- Urea Exports in Russia
- Urea Imports in Russia
Urea Price in Russia (FOB) - 2022
The average urea export price stood at $625 per ton in January 2022, jumping by 18% against the previous month. Overall, the export price recorded strong growth. The growth pace was the most rapid in November 2021 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices attained the peak figure in January 2022.
Prices varied noticeably by the country of destination: the country with the highest price was India ($792 per ton), while the average price for exports to the UK ($414 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Urea Price in Russia (CIF) - 2022
In January 2022, the average urea import price amounted to $774 per ton, flattening at the previous month. In general, import price indicated a prominent increase from January 2021 to January 2022: its price increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, urea import price increased by +54.5% against November 2021 indices. The growth pace was the most rapid in March 2021 an increase of 77% month-to-month. As a result, import price attained the peak level of $932 per ton. From April 2021 to January 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Lithuania ($1,269 per ton), while the price for Finland ($466 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Urea Exports in Russia
In 2022, approx. 11M tons of urea were exported from Russia; with an increase of 63% on the year before. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports surged to $4.7B in 2022. In general, exports enjoyed 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 Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 227 | 195 | 311 | 1,241 | 76.2% |
| Brazil | 381 | 275 | 523 | 971 | 36.6% |
| India | 57.7 | 72.2 | 67.7 | 787 | 138.9% |
| Canada | 26.6 | 36.9 | 99.9 | 190 | 92.6% |
| Ecuador | 52.9 | 52.5 | 61.5 | 171 | 47.9% |
| Germany | 9.7 | 3.6 | 8.0 | 168 | 158.7% |
| United Kingdom | 21.2 | 18.5 | 24.2 | 128 | 82.1% |
| Mexico | 97.4 | 95.3 | 159 | 106 | 2.9% |
| Latvia | 10.6 | 17.4 | 34.7 | 94.6 | 107.4% |
| Bulgaria | 6.0 | 6.3 | 4.8 | 86.9 | 143.8% |
| Ghana | 2.7 | 7.1 | 4.6 | 28.9 | 120.4% |
| Estonia | 126 | 117 | 155 | 0.5 | -84.2% |
| Others | 625 | 620 | 1,027 | 734 | 5.5% |
| Total | 1,643 | 1,517 | 2,480 | 4,708 | 42.0% |
Top Export Markets for Urea from Russia in 2022:
- India (2744.7K tons)
- Finland (2276.4K tons)
- Brazil (1892.4K tons)
- Canada (561.7K tons)
- Ecuador (506.3K tons)
- Germany (452.8K tons)
- United Kingdom (402.7K tons)
- Mexico (278.1K tons)
- Bulgaria (249.5K tons)
- Latvia (195.5K tons)
- Ghana (175.5K tons)
- Estonia (1.6K tons)
Urea Imports in Russia
In 2022, approx. 8.1K tons of urea were imported into Russia; rising by 26% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea imports rose markedly to $4.4M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Urea in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 606 | 535 | 600 | 2,419 | 58.6% |
| Germany | 1,183 | 1,240 | 1,427 | 1,559 | 9.6% |
| Poland | 91.5 | 98.5 | 114 | 163 | 21.2% |
| Lithuania | 133 | 116 | 164 | 145 | 2.9% |
| Finland | 3.4 | 31.7 | 90.8 | 73.5 | 178.6% |
| United States | 314 | 360 | 240 | N/A | -12.6% |
| Moldova | N/A | N/A | 506 | N/A | 0% |
| Others | 494 | 606 | 914 | 88.0 | -43.7% |
| Total | 2,825 | 2,987 | 4,056 | 4,447 | 16.3% |
Top Suppliers of Urea to Russia in 2022:
- Belarus (4.7K tons)
- Germany (2.1K tons)
- Lithuania (0.8K tons)
- Poland (0.4K tons)
- Finland (0.2K tons)
This report provides an in-depth analysis of the urea market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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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