CIS: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in CIS

The CIS market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded rapidly to $X in 2023, increasing by X% against the previous year. In general, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in CIS

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2023 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

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Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in CIS

In 2023, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the CIS totaled X tons, leveling off at 2022 figures. Total exports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined to $X in 2023. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Russia represented the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Belarus (X tons), constituting a X% share of total exports.

Russia was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia totaled X%.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in CIS

In 2023, after three years of growth, there was significant decline in overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when their volume decreased by X% to X tons. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2022, and then declined remarkably in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank markedly to $X in 2023. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2022, and then declined dramatically in the following year.

Imports by Country

Moldova represented the major importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the CIS, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), committing a X% share of total imports.

Moldova was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of X% from 2012 to 2023. At the same time, Kazakhstan (X%) displayed positive paces of growth. From 2012 to 2023, the share of Moldova and Kazakhstan increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Moldova, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, surging by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Moldova totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Source: IndexBox Platform