Germany: 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 Germany

In 2023, the German market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2022, and then fell remarkably in the following year.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume decreased by X%. Production of peaked in 2023 and is likely to see gradual growth in the near future.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Exports from Germany

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from Germany contracted dramatically to X tons, shrinking by X% compared with 2022 figures. Overall, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank rapidly to $X in 2023. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The UK (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Germany, accounting for a X% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to the UK exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Denmark (X% per year).

In value terms, the UK ($X) remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Germany, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Denmark (X% per year).

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2023, standing approx. at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2023, after two 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. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined notably to $X in 2023. Overall, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Germany, with a X% share of total imports. Moreover, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Lithuania (X% per year).

In value terms, the Netherlands ($X), Belgium ($X) and Poland ($X) were the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to Germany, together accounting for X% of total imports.

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

Import Prices by Country

In 2023, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a pronounced expansion. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform