Czech Republic: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

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

Exports from the Czech Republic

In 2022, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from the Czech Republic soared to X tons, picking up by 16% against 2021. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 422%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution rose sharply to $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 327%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Poland (X tons) and Slovakia (X tons) were the main destinations of exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from the Czech Republic.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +28.7%).

In value terms, Poland ($X) remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from the Czech Republic, comprising 67% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +25.2%.

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, which is down by -7.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Slovakia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.2%), while the prices for the other major destinations experienced a decline.

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

Imports into the Czech Republic

In 2022, supplies from abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to the Czech Republic, with a 84% share of total imports. Moreover, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-9.4% per year) and Belgium (0.0% per year).

In value terms, Slovakia ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to the Czech Republic, comprising 69% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Slovakia stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.5% per year) and Belgium (0.0% 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 2022, picking up by 18% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by +101.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 71%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :