Italy: 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 Italy

The Italian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022, growing by 43% against the previous year. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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

Exports from Italy

In 2022, shipments abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 382% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Italy, with a 70% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Poland exceeded the volume sent to the second major destination, Romania (X tons), sevenfold. The third position in this ranking was taken by Turkey (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+3.2% per year) and Turkey (+7.2% per year).

In value terms, Poland ($X) emerged as the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Italy, comprising 68% of total exports. The second position in the ranking was held by Romania ($X), with a 14% share of total exports. It was followed by Serbia, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled +127.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+5.3% per year) and Serbia (+148.4% per year).

Export Prices by Country

The average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, rising by 34% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by +77.2% against 2013 indices. The most prominent rate of growth was recorded in 2020 an increase of 36%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Italy

In 2022, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imported into Italy surged to X tons, increasing by 33% against the year before. Over the period under review, imports saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 347% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Croatia (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Italy, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +122.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Italy, comprising 78% of total imports. The second position in the ranking was held by Croatia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +86.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+114.0% per year) and Slovakia (-17.3% per year).

Import Prices by Country

In 2022, the average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, surging by 224% against the previous year. In general, the import price posted a buoyant increase. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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