EU: 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 the EU

In 2023, after two years of growth, there was significant decline in the EU market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when its value decreased by X% to $X. The total consumption indicated a tangible increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded markedly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

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

Exports in the EU

After four years of growth, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped sharply to $X in 2023. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

The shipments of the three major exporters of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, namely the Netherlands, Lithuania and Belgium, represented more than two-thirds of total export. It was distantly followed by Slovakia (X tons) and Germany (X tons), together committing a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Lithuania ($X), with a combined X% share of total exports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price recorded a measured expansion. 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 in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (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 the EU

In 2023, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were imported in the European Union; which is down by X% compared with 2022 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined significantly to $X in 2023. In general, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

France represented the key importing country with an import of around X tons, which amounted to X% of total imports. Belgium (X tons) took the second position in the ranking, distantly followed by Germany (X tons). All these countries together held near X% share of total imports. Hungary (X tons), the Czech Republic (X tons), Lithuania (X tons), Latvia (X tons), Denmark (X tons), Poland (X tons), Romania (X tons) and Spain (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports into France stood at X%. At the same time, Romania (X%), Latvia (X%), Poland (X%), Hungary (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Belgium and Denmark experienced a relatively flat trend pattern. By contrast, Germany (X%), the Czech Republic (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Latvia and Romania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the European Union, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

In France, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price, however, saw a modest increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per ton), while Spain ($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