Czech Republic: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in the Czech Republic

The Czech ammonium nitrate market soared to $X in 2021, rising by 17% 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). Overall, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports from the Czech Republic

In 2021, shipments abroad of ammonium nitrate was finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a slight curtailment. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ammonium nitrate exports soared to $X in 2021. Over the period under review, exports posted resilient growth. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cuba (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of ammonium nitrate exports from the Czech Republic, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +34.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cuba ($X), Bulgaria ($X) and Poland ($X) were the largest markets for ammonium nitrate exported from the Czech Republic worldwide, together comprising 92% of total exports.

Among the main countries of destination, Poland, with a CAGR of +53.8%, saw 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

The average ammonium nitrate export price stood at $X per ton in 2021, picking up by 21% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 63%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Bulgaria ($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 Slovakia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into the Czech Republic

In 2021, approx. X tons of ammonium nitrate were imported into the Czech Republic; increasing by 5.4% compared with 2020. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports skyrocketed to $X in 2021. In general, imports, however, saw a perceptible descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest ammonium nitrate supplier to the Czech Republic, accounting for a 65% share of total imports. Moreover, ammonium nitrate imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Sweden (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and Sweden (+26.7% per year).

In value terms, Poland ($X) constituted the largest supplier of ammonium nitrate to the Czech Republic, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Sweden, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and Sweden (+28.7% per year).

Import Prices by Country

In 2021, the average ammonium nitrate import price amounted to $X per ton, rising by 27% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ammonium nitrate import price increased by +91.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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