Italy: 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 Italy

The Italian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2023, picking up by X% against the previous year. In general, consumption enjoyed measured growth. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the near future.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution fell modestly to $X in 2023 estimated in export price. In general, production showed a deep reduction. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production of growth remained at a somewhat lower figure.

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

Exports from Italy

In 2023, after two years of growth, there was significant decline in overseas shipments 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, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped markedly to $X in 2023. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Poland (X tons), Romania (X tons) and Turkey (X tons) were the main destinations of exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Italy, together accounting for X% of total exports.

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

In value terms, Poland ($X), Romania ($X) and Turkey ($X) were the largest markets for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from Italy worldwide, together comprising X% of total exports. Serbia, Algeria, Moldova, Slovakia and Lebanon lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, approximately equating the previous year. In general, export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Poland ($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 Serbia (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 Italy

For the third consecutive year, Italy recorded growth in purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, which increased by X% to X tons in 2023. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted to $X in 2023. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2023, Germany (X tons) was the main mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to Italy, with a X% share of total imports. It was followed by Croatia (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Italy, comprising X% of total imports. The second position in the ranking was taken by Croatia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform