EU: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in the EU

In 2021, the EU ammonium nitrate market increased by 5.7% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the market value increased by 9.6% against the previous year. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Ammonium Nitrate Production in the EU

In value terms, ammonium nitrate production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 7.2%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ammonium Nitrate Exports

Exports in the EU

Ammonium nitrate exports reduced to X tons in 2021, dropping by -10.4% against the previous year. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 18%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, ammonium nitrate exports surged to $X in 2021. Over the period under review, exports recorded a pronounced curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Lithuania (X tons), Bulgaria (X tons) and Sweden (X tons) was the major exporter of ammonium nitrate in the European Union, constituting 70% of total export. Belgium (X tons) held the next position in the ranking, followed by France (X tons). All these countries together took near 12% share of total exports. Poland (X tons), Greece (X tons) and Slovakia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +35.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium nitrate supplying countries in the European Union were Bulgaria ($X), Lithuania ($X) and Sweden ($X), together accounting for 68% of total exports. Belgium, Poland, France, Greece and Slovakia lagged somewhat behind, together accounting for a further 23%.

Slovakia, with a CAGR of +37.3%, 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 the European Union stood at $X per ton in 2021, with an increase of 58% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other leaders experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports in the EU

After two years of growth, purchases abroad of ammonium nitrate decreased by -2% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ammonium nitrate imports surged to $X in 2021. In general, imports saw a mild descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Romania (X tons) and France (X tons) were the key importers of ammonium nitrate in 2021, accounting for approx. 20% and 16% of total imports, respectively. The Netherlands (X tons) took the next position in the ranking, followed by Lithuania (X tons), Latvia (X tons), Poland (X tons), Belgium (X tons) and Hungary (X tons). All these countries together held near 43% share of total imports. Estonia (X tons), Bulgaria (X tons), Spain (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium nitrate importing markets in the European Union were Romania ($X), France ($X) and Lithuania ($X), with a combined 48% share of total imports.

Romania, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by 50% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Greece ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :