Czech Republic: Nitrogen Market 2024

Nitrogen Market Size in the Czech Republic

The Czech nitrogen market declined notably to $X in 2021, dropping by -66.7% against the previous year. Overall, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Nitrogen Production in the Czech Republic

In value terms, nitrogen production shrank dramatically to $X in 2021 estimated in export price. Overall, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 153%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Nitrogen Exports

Exports from the Czech Republic

In 2021, the amount of nitrogen exported from the Czech Republic expanded notably to X cubic meters, with an increase of 6.3% compared with the previous year. Over the period under review, exports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, nitrogen exports expanded rapidly to $X in 2021. In general, exports, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X cubic meters) was the main destination for nitrogen exports from the Czech Republic, accounting for a 67% share of total exports. Moreover, nitrogen exports to Germany exceeded the volume sent to the second major destination, Slovakia (X cubic meters), twofold. Austria (X cubic meters) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.8% per year) and Austria (-5.0% per year).

In value terms, Germany ($X), Slovakia ($X) and Austria ($X) constituted the largest markets for nitrogen exported from the Czech Republic worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of +2.9%, 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 a decline.

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2021, rising by 2% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 13%. The export price peaked at $X per cubic meter in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-0.3%), while the prices for the other major destinations experienced a decline.

Nitrogen Imports

Imports into the Czech Republic

In 2021, supplies from abroad of nitrogen was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 57%. Over the period under review, imports hit record highs at X cubic meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, nitrogen imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 51% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X cubic meters) constituted the largest supplier of nitrogen to the Czech Republic, with a 87% share of total imports. Moreover, nitrogen imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.0% per year) and Germany (+9.2% per year).

In value terms, Poland ($X) constituted the largest supplier of nitrogen to the Czech Republic, comprising 78% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.3% per year) and Austria (+13.2% per year).

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, increasing by 4.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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