Eastern Europe: Ureines Market 2024

Ureines Market Size in Eastern Europe

In 2022, the East European ureines market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Ureines Production in Eastern Europe

In value terms, ureines production contracted dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Ureines Exports

Exports in Eastern Europe

In 2022, approx. X tons of ureines and their derivatives and salts thereof were exported in Eastern Europe; shrinking by X% compared with the year before. Over the period under review, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ureines exports dropped to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Hungary (X tons) represented the key exporter of ureines and their derivatives and salts thereof, comprising X% of total exports. The Czech Republic (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Latvia (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ureines supplying countries in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Poland ($X), with a combined X% share of total exports. These countries were followed by Latvia, which accounted for a further X%.

Latvia, with a CAGR of X%, recorded 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, increasing by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced a decline in the export price figures.

Ureines Imports

Imports in Eastern Europe

In 2022, approx. X tons of ureines and their derivatives and salts thereof were imported in Eastern Europe; falling by X% on the previous year's figure. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ureines imports declined markedly to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the major importing country with an import of about X tons, which recorded X% of total imports. The Czech Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (X%) and Poland (X%). The following importers - Hungary (X tons), Lithuania (X tons) and Romania (X tons) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Estonia (X%), Lithuania (X%), the Czech Republic (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) illustrated a downward trend over the same period. Russia (X p.p.), the Czech Republic (X p.p.), Estonia (X p.p.), Poland (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total imports, while Hungary saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported ureines and their derivatives and salts thereof in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, ureines imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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 ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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