Eastern Europe: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2025

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Eastern Europe

The East European market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022, increasing by 34% against the previous year. Over the period under review, consumption recorded a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

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

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. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Eastern Europe

In 2022, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Europe fell rapidly to X tons, with a decrease of -18.4% on the previous year's figure. In general, exports saw a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of 38%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 144%. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Russia represented the largest exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Eastern Europe, with the volume of exports finishing at X tons, which was near 59% of total exports in 2022. Belarus (X tons) held the second position in the ranking, distantly followed by Lithuania (X tons). All these countries together held approx. 31% share of total exports. The following exporters - Slovakia (X tons) and Bulgaria (X tons) - together made up 7.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Russia stood at +4.1%. At the same time, Belarus (+9.8%) and Slovakia (+1.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +9.8% from 2012-2022. Bulgaria experienced a relatively flat trend pattern. By contrast, Lithuania (-12.1%) illustrated a downward trend over the same period. While the share of Russia (+25 p.p.) and Belarus (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lithuania (-20.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplying countries in Eastern Europe were Russia ($X), Lithuania ($X) and Belarus ($X), with a combined 78% share of total exports. These countries were followed by Slovakia and Bulgaria, which together accounted for a further 17%.

Slovakia, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 110%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2022, overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 6.5% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 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 skyrocketed to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 129% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Lithuania (X tons), Poland (X tons), Hungary (X tons), Romania (X tons), Ukraine (X tons), Latvia (X tons) and Moldova (X tons) represented roughly 94% of total imports in 2022. It was distantly followed by Bulgaria (X tons), achieving a 4.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Moldova (with a CAGR of +51.5%), 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 importing markets in Eastern Europe were Hungary ($X), the Czech Republic ($X) and Romania ($X), with a combined 54% share of total imports.

Among the main importing countries, Romania, with a CAGR of +48.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by 23% against the previous year. Over the period under review, the import price posted a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 80% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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