Serbia - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Serbia - 2023
Contents:
- Urea Price in Serbia (CIF) - 2023
- Urea Price in Serbia (FOB) - 2023
- Urea Imports in Serbia
- Urea Exports in Serbia
Urea Price in Serbia (CIF) - 2023
The average urea import price stood at $420 per ton in October 2023, jumping by 43% against the previous month. In general, the import price, however, saw a pronounced setback. Over the period under review, average import prices hit record highs at $730 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($483 per ton), while the price for Bulgaria ($304 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Malaysia (0.0%), while the prices for the other major suppliers experienced a decline.
Urea Price in Serbia (FOB) - 2023
The average urea export price stood at $582 per ton in October 2023, growing by 7.8% against the previous month. In general, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in September 2023 an increase of 36% m-o-m. Over the period under review, the average export prices attained the peak figure at $762 per ton in December 2022; however, from January 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Bosnia and Herzegovina ($814 per ton), while the average price for exports to North Macedonia ($378 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.7%), while the prices for the other major destinations experienced a decline.
Urea Imports in Serbia
In 2022, imports of urea into Serbia soared to 612K tons, with an increase of 197% on 2021 figures. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports skyrocketed to $251M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Urea in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 42.9 | 41.8 | 45.4 | 160 | 55.1% |
| Egypt | N/A | N/A | N/A | 16.4 | 0% |
| Turkmenistan | N/A | 2.0 | 2.8 | 13.8 | 162.7% |
| Croatia | 16.2 | 11.7 | 9.3 | 12.2 | -9.0% |
| Austria | 3.6 | 3.7 | 1.8 | 10.8 | 44.2% |
| Romania | 4.0 | 16.6 | 5.4 | 3.8 | -1.7% |
| Others | 6.0 | 5.1 | 14.4 | 33.8 | 77.9% |
| Total | 72.7 | 80.9 | 79.0 | 251 | 51.1% |
Top Suppliers of Urea to Serbia in 2022:
- Russia (458.4K tons)
- Austria (38.0K tons)
- Egypt (22.7K tons)
- Turkmenistan (19.8K tons)
- Croatia (14.4K tons)
- Romania (10.2K tons)
Urea Exports in Serbia
For the fourth consecutive year, Serbia recorded growth in shipments abroad of urea, which increased by 286% to 60K tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea exports skyrocketed to $34M in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Urea in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | N/A | N/A | 0.4 | 14.2 | 3450.0% |
| Bosnia and Herzegovina | 1.3 | 0.7 | 1.5 | 7.9 | 82.5% |
| Hungary | N/A | 0.1 | 4.2 | 4.0 | 532.5% |
| North Macedonia | 0.7 | 1.4 | 1.0 | 2.6 | 54.9% |
| Slovenia | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| Albania | 0.2 | 0.2 | 0.1 | 0.9 | 65.1% |
| Montenegro | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Others | 0.1 | 0.1 | 1.0 | 1.9 | 166.8% |
| Total | 2.4 | 2.7 | 8.6 | 33.8 | 141.5% |
Top Export Markets for Urea from Serbia in 2022:
- Croatia (35.2K tons)
- Bosnia and Herzegovina (9.2K tons)
- Hungary (5.3K tons)
- North Macedonia (3.1K tons)
- Slovenia (2.3K tons)
- Montenegro (1.4K tons)
- Albania (1.0K tons)
This report provides an in-depth analysis of the urea market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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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