CIS: 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 CIS

The CIS market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded sharply to $X in 2022, picking up by 7.3% against the previous year. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in CIS

In 2022, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported in the CIS declined to X tons, waning by -4% on 2021. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.3% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 53% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined markedly to $X in 2022. Overall, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 145%. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

In 2022, Russia (X tons) was the main exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, creating 74% of total exports. It was distantly followed by Belarus (X tons), committing a 26% share of total exports.

Exports from Russia increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Belarus (+9.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +9.8% from 2012-2022. Belarus (+9 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -9% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in the CIS, comprising 73% of total exports. The second position in the ranking was held by Belarus ($X), with a 27% share of total exports.

In Russia, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of -26.7% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 an increase of 114% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-2.6%).

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

Imports in CIS

In 2022, overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 154% to X tons, rising for the fifth year in a row after five years of decline. In general, imports recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 397%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2018 when imports increased by 251% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Moldova represented the largest importing country with an import of about X tons, which resulted at 82% of total imports. It was distantly followed by Kazakhstan (X tons), generating a 17% share of total imports.

Moldova was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports, with a CAGR of +51.5% from 2012 to 2022. At the same time, Kazakhstan (+19.8%) displayed positive paces of growth. While the share of Moldova (+68 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-13.1 p.p.) displayed negative dynamics.

In value terms, Moldova ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the CIS, comprising 83% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total imports.

In Moldova, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of +44.9% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by -8.2% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the import price increased by 40% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.5%).

Source: IndexBox Platform

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