Poland: Urea Market 2024

Urea Market Size in Poland

The Polish urea market plummeted to $X in 2022, declining by -24% against the previous year. In general, consumption showed a pronounced downturn. Urea consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Urea Production in Poland

In value terms, urea production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, production reached the peak level of $X, and then contracted in the following year.

Urea Exports

Exports from Poland

In 2022, shipments abroad of urea increased by 80% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 188% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, urea exports surged to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 189%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the UK (X tons) and the Czech Republic (X tons) were the main destinations of urea exports from Poland, with a combined 51% share of total exports. Lithuania, Ukraine, France, Slovakia, Romania, Italy, Denmark, Finland, Sweden and Austria lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +119.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for urea exported from Poland worldwide, with a combined 50% share of total exports. Slovakia, Lithuania, Ukraine, Italy, France, Austria, Sweden, Denmark, Romania and Finland lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Finland, with a CAGR of +98.4%, saw the highest growth rate of 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

The average urea export price stood at $X per ton in 2022, picking up by 16% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea export price increased by +87.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Finland ($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 the Czech Republic (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Poland

In 2022, the amount of urea imported into Poland surged to X tons, increasing by 77% against 2021. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, urea imports soared to $X in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Oman (X tons), Germany (X tons) and Lithuania (X tons) were the main suppliers of urea imports to Poland, together comprising 50% of total imports. Russia, Algeria, Egypt, Nigeria, Turkmenistan, the United States, Uzbekistan and Belarus lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkmenistan (with a CAGR of +428,700.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest urea suppliers to Poland were Germany ($X), Oman ($X) and Russia ($X), together comprising 53% of total imports. Algeria, the United States, Lithuania, Nigeria, Turkmenistan, Uzbekistan, Egypt and Belarus lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Turkmenistan, with a CAGR of +634,101.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average urea import price stood at $X per ton in 2022, increasing by 68% against the previous year. In general, the import price showed a prominent expansion. The growth pace was the most rapid in 2021 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+48.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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