Italy: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Italy

The Italian ammonium nitrate market reduced remarkably to $X in 2021, with a decrease of -82.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt shrinkage. Ammonium nitrate consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Ammonium Nitrate Exports

Exports from Italy

In 2021, ammonium nitrate exports from Italy rose remarkably to X tons, surging by 6.2% on the year before. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 225%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ammonium nitrate exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 195% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of ammonium nitrate exports from Italy, with a combined 50% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +321.1%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Spain ($X) and France ($X) constituted the largest markets for ammonium nitrate exported from Italy worldwide, with a combined 52% share of total exports.

Sweden, with a CAGR of +276.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ammonium nitrate export price amounted to $X per ton, surging by 79% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.2%), while the prices for the other major destinations experienced a decline.

Ammonium Nitrate Imports

Imports into Italy

Ammonium nitrate imports into Italy shrank remarkably to X tons in 2021, which is down by -59.7% compared with 2020. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports contracted notably to $X in 2021. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Georgia (X tons) constituted the largest ammonium nitrate supplier to Italy, with a 49% share of total imports. Moreover, ammonium nitrate imports from Georgia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Georgia amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+82.7% per year) and Belgium (+17.4% per year).

In value terms, Georgia ($X) constituted the largest supplier of ammonium nitrate to Italy, comprising 53% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by Austria, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Georgia totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+70.6% per year) and Austria (-6.7% per year).

Import Prices by Country

The average ammonium nitrate import price stood at $X per ton in 2021, growing by 50% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ammonium nitrate import price increased by +70.0% against 2017 indices. As a result, import 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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