Eastern Europe: 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 Eastern Europe

The East European market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X in 2023, rising by X% against the previous year. In general, consumption continues to indicate prominent growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X in 2023 estimated in export price. In general, production, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached 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 Eastern Europe

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported in Eastern Europe shrank sharply to X tons, falling by X% against the previous year. Over the period under review, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank significantly to $X in 2023. Overall, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2022, and then reduced notably in the following year.

Exports by Country

Russia represented the key exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Lithuania (X tons) ranks second in terms of the total exports with a X% share, followed by Belarus (X%) and Slovakia (X%).

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. Slovakia experienced a relatively flat trend pattern. By contrast, Lithuania (X%) illustrated a downward trend over the same period. Russia (X p.p.), Belarus (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then dropped in the following year.

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

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

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

Imports in Eastern Europe

After two years of growth, overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. Overall, imports, however, saw a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank markedly to $X in 2023. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2022, and then shrank notably in the following year.

Imports by Country

The countries with the highest levels of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in 2023 were Hungary (X tons), the Czech Republic (X tons), Ukraine (X tons), Lithuania (X tons), Latvia (X tons), Poland (X tons) and Romania (X tons), together reaching X% of total import.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution importing markets in Eastern Europe were Hungary ($X), Ukraine ($X) and Lithuania ($X), with a combined X% share of total imports. The Czech Republic, Romania, Latvia and Poland lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform