United Kingdom: 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 UK

The UK market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined markedly to $X in 2023, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

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

Exports from the UK

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from the UK dropped remarkably to X tons, waning by X% against the previous year's figure. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2023. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Sweden (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Sweden (X% per year).

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, with an increase of X% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2023 and is likely to see gradual growth in the near future.

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

In 2023, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were imported into the UK; with a decrease of X% against 2022 figures. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped dramatically to $X in 2023. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to the UK, together accounting for X% of total imports. Trinidad and Tobago, Lithuania and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to the UK were the Netherlands ($X), the United States ($X) and Trinidad and Tobago ($X), together comprising X% of total imports.

Trinidad and Tobago, 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 import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, posted slight growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then shrank dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Trinidad and Tobago ($X per ton) and the United States ($X per ton), while the price for Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform