Eastern Europe: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Eastern Europe

In 2023, after six years of growth, there was decline in the East European ammonium nitrate market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped slightly in the following year.

Ammonium Nitrate Production in Eastern Europe

In value terms, ammonium nitrate production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid 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 growth failed to regain momentum.

Ammonium Nitrate Exports

Exports in Eastern Europe

Ammonium nitrate exports reduced slightly to X tons in 2023, which is down by X% compared with 2022 figures. Over the period under review, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ammonium nitrate exports dropped to $X in 2023. Overall, exports saw a relatively flat trend pattern. 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 declined in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. Bulgaria (X tons) took the second position in the ranking, followed by Lithuania (X tons) and Poland (X tons). All these countries together held near X% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of ammonium nitrate. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Poland experienced a relatively flat trend pattern. By contrast, Lithuania (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Bulgaria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ammonium nitrate supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Lithuania, with an X% share.

In Russia, ammonium nitrate exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, reducing by X% against the previous year. Export price indicated a slight increase 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, ammonium nitrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Poland ($X per ton) and Bulgaria ($X per ton), while Lithuania ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports in Eastern Europe

In 2023, ammonium nitrate imports in Eastern Europe contracted notably to X tons, with a decrease of X% against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ammonium nitrate imports shrank significantly to $X in 2023. In general, imports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined significantly in the following year.

Imports by Country

In 2023, Romania (X tons), distantly followed by Ukraine (X tons), Lithuania (X tons) and Poland (X tons) were the largest importers of ammonium nitrate, together constituting X% of total imports. Bulgaria (X tons), Hungary (X tons), Moldova (X tons), Latvia (X tons), Estonia (X tons) and Belarus (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium nitrate importing markets in Eastern Europe were Romania ($X), Ukraine ($X) and Lithuania ($X), with a combined X% share of total imports.

Among the main importing countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform