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

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the EU

In 2022, the EU market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 85% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the EU

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 3.4% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in the EU

In 2022, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the European Union dropped remarkably to X tons, reducing by -17% on the previous year. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022. Over the period under review, exports, however, enjoyed a slight increase. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) represented the key exporters of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the European Union, together amounting to near 58% of total exports. Lithuania (X tons) ranks next in terms of the total exports with a 16% share, followed by Slovakia (6.8%), Germany (6.8%) and Bulgaria (4.6%). Romania (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +17.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Lithuania ($X), together accounting for 75% of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of +12.6%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by 88% against the previous year. In general, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+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 the EU

After three years of decline, overseas purchases of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 86% to X tons in 2022. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) represented the largest importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, committing 60% of total imports. It was distantly followed by Belgium (X tons), achieving a 12% share of total imports. Germany (X tons), Spain (X tons), the Czech Republic (X tons), Lithuania (X tons), Poland (X tons), Hungary (X tons), Romania (X tons), Denmark (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports into France stood at +5.2%. At the same time, Romania (+49.7%), Poland (+25.7%), Belgium (+15.9%), Lithuania (+10.1%), Hungary (+6.6%), Spain (+6.0%), Denmark (+5.9%) and the Czech Republic (+4.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +49.7% from 2012-2022. The Netherlands and Germany experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium, Romania and Poland increased by +6.7, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the European Union, comprising 53% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in France totaled +7.2%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+11.8% per year) and Germany (+8.2% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 37% against the previous year. Over the period under review, the import price recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 when the import price increased by 81%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :