Italy: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Italy

The Italian ammonium nitrate market reduced sharply to $X in 2023, with a decrease of X% against the previous year. Overall, consumption saw a perceptible slump. Ammonium nitrate consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Ammonium Nitrate Production in Italy

In value terms, ammonium nitrate production shrank rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Ammonium nitrate production peaked at $X in 2022, and then declined significantly in the following year.

Ammonium Nitrate Exports

Exports from Italy

In 2023, after two years of growth, there was significant decline in overseas shipments of ammonium nitrate, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then declined significantly in the following year.

In value terms, ammonium nitrate exports fell significantly to $X in 2023. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Spain (X tons), France (X tons) and Israel (X tons) were the main destinations of ammonium nitrate exports from Italy, together comprising X% of total exports. Cameroon, Switzerland, Sweden, Austria, Greece, Guinea, Nigeria, the United Arab Emirates, Croatia and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X) emerged as the key foreign market for ammonium nitrate exports from Italy, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

Export Prices by Country

In 2023, the average ammonium nitrate export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Israel ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into Italy

In 2023, ammonium nitrate imports into Italy shrank dramatically to X tons, dropping by X% against the previous year's figure. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, ammonium nitrate imports dropped significantly to $X in 2023. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Hungary (X tons), Turkey (X tons) and Georgia (X tons) were the main suppliers of ammonium nitrate imports to Italy, together comprising X% of total imports. Austria, Bulgaria, Slovakia, Spain, Belgium, France, Germany and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Hungary ($X), Turkey ($X) and Georgia ($X) appeared to be the largest ammonium nitrate suppliers to Italy, with a combined X% share of total imports. Austria, Spain, France, Bulgaria, Slovakia, Germany, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 ammonium nitrate import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a notable 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 import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform