Eastern Europe: Nitrogen Market 2024

Nitrogen Market Size in Eastern Europe

In 2022, the East European nitrogen market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Nitrogen Production in Eastern Europe

In value terms, nitrogen production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Nitrogen Exports

Exports in Eastern Europe

In 2022, exports of nitrogen in Eastern Europe contracted slightly to X cubic meters, approximately mirroring the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, nitrogen exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X cubic meters) and the Czech Republic (X cubic meters) represented roughly X% of total exports in 2022. Russia (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (X%), Latvia (X%) and Estonia (X%). Romania (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Estonia, Latvia, Bulgaria and Romania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Estonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per cubic meter, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per cubic meter), while the Czech Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced mixed trends in the export price figures.

Nitrogen Imports

Imports in Eastern Europe

In 2022, approx. X cubic meters of nitrogen were imported in Eastern Europe; declining by X% compared with 2021 figures. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, nitrogen imports declined to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Slovakia (X cubic meters), the Czech Republic (X cubic meters) and Hungary (X cubic meters) was the largest importer of nitrogen in Eastern Europe, mixing up X% of total import. Poland (X cubic meters) ranks next in terms of the total imports with an X% share, followed by Bulgaria (X%). The following importers - Ukraine (X cubic meters), Estonia (X cubic meters), Lithuania (X cubic meters), Romania (X cubic meters), Russia (X cubic meters) and Latvia (X cubic meters) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Hungary ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Poland, Ukraine, Bulgaria, Lithuania, Romania, Russia, Estonia and Latvia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 cubic meter in 2022, declining by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per cubic meter), while Slovakia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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