Report Slovakia - Urea - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 30, 2023

Slovakia - Urea - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Urea Market 2023

Urea Market Size in Slovakia

The Slovak urea market surged to $X in 2021, with an increase of 286% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Urea Production in Slovakia

In value terms, urea production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,072% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Urea Exports

Exports from Slovakia

In 2021, shipments abroad of urea was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 91%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, urea exports skyrocketed to $X in 2021. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Italy (X tons) and France (X tons) were the main destinations of urea exports from Slovakia, together comprising 63% of total exports. Austria, the Netherlands, the Czech Republic, Spain and the UK lagged somewhat behind, together accounting for a further 56%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +35.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Hungary ($X) and the Czech Republic ($X) were the largest markets for urea exported from Slovakia worldwide, together comprising 43% of total exports. Italy, the Netherlands, Spain, Austria and the UK lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, the Netherlands, with a CAGR of +31.0%, saw 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

The average urea export price stood at $X per ton in 2021, with an increase of 93% against the previous year. In general, the export price posted a pronounced increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Slovakia

In 2021, approx. X tons of urea were imported into Slovakia; growing by 30% against 2020 figures. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 82%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, urea imports soared to $X in 2021. Overall, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest urea supplier to Slovakia, accounting for a 53% share of total imports. Moreover, urea imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. The third position in this ranking was held by Lithuania (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.4% per year) and Lithuania (+27.9% per year).

In value terms, Poland ($X) constituted the largest supplier of urea to Slovakia, comprising 57% of total imports. The second position in the ranking was taken by Austria ($X), with a 12% share of total imports. It was followed by Lithuania, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.7% per year) and Lithuania (+26.8% per year).

Import Prices by Country

In 2021, the average urea import price amounted to $X per ton, growing by 68% against the previous year. In general, the import price saw notable growth. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for urea in the world?
+
India constituted the country with the largest volume of urea consumption, comprising approx. 24% of total volume. Moreover, urea consumption in India exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was taken by the United States, with a 6.3% share.
What are the largest producers of urea in the world?
+
The countries with the highest volumes of production in 2021 were India, China and Russia, with a combined 36% share of global production. These countries were followed by Iran, Indonesia, Pakistan, Qatar, Nigeria, Egypt, Saudi Arabia, Canada, Oman and Algeria, which together accounted for a further 40%.
What are the leading suppliers of urea to Slovakia?
+
In value terms, Poland constituted the largest supplier of urea to Slovakia, comprising 57% of total imports. The second position in the ranking was held by Austria, with a 12% share of total imports. It was followed by Lithuania, with a 12% share.
What are the leading importers of urea from Slovakia?
+
In value terms, France, Hungary and the Czech Republic were the largest markets for urea exported from Slovakia worldwide, together comprising 43% of total exports. These countries were followed by Italy, the Netherlands, Spain, Austria and the UK, which together accounted for a further 39%.
What is the average export price for urea in Slovakia?
+
The average urea export price stood at $538 per ton in 2021, jumping by 93% against the previous year.
What is the average import price for urea in Slovakia?
+
The average urea import price stood at $447 per ton in 2021, rising by 68% against the previous year.

This report provides an in-depth analysis of the urea market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 4001 -
Country coverage:
• Slovakia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Slovakia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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