MERCOSUR: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2025

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

In 2022, the MERCOSUR market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 173% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached 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 MERCOSUR

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined to $X in 2022 estimated in export price. In general, production, however, saw a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of 26%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

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

Exports in MERCOSUR

After two years of growth, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by -47.8% to X tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,220% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped significantly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 254%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Venezuela prevails in solution structure, finishing at X tons, which was near 95% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Venezuela was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of +125.3% from 2012 to 2022. At the same time, Brazil (+11.0%) displayed positive paces of growth. While the share of Venezuela (+95 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-88 p.p.) displayed negative dynamics.

In value terms, Venezuela ($X) remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in MERCOSUR, comprising 63% of total exports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Venezuela stood at +121.3%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 232%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while Venezuela amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%).

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

Imports in MERCOSUR

In 2022, purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 217% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached 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 surged to $X in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina prevails in solution structure, accounting for X tons, which was near 89% of total imports in 2022. It was distantly followed by Uruguay (X tons), generating a 6.3% share of total imports. Brazil (X tons) held a minor share of total imports.

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 Argentina stood at +25.9%. At the same time, Brazil (+200.3%) and Uruguay (+66.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +200.3% from 2012-2022. From 2012 to 2022, the share of Uruguay and Brazil increased by +5.9 and +3.1 percentage points, respectively.

In value terms, Argentina ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in MERCOSUR, comprising 83% of total imports. The second position in the ranking was held by Brazil ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at +19.7%. In the other countries, the average annual rates were as follows: Brazil (+173.9% per year) and Uruguay (+55.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, reducing by -15.7% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by 49% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform