Romania: 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 Romania

In 2022, the Romanian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased by 7.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 101% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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

Exports from Romania

In 2022, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by -35.7% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports recorded a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by 128% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution shrank dramatically to $X in 2022. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2018 when exports increased by 167% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons), Bulgaria (X tons) and Slovakia (X tons) were the main destinations of exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Romania, together comprising 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +194.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported from Romania were Bulgaria ($X), Hungary ($X) and Slovakia ($X), together accounting for 96% of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +192.2%, 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

In 2022, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price posted perceptible growth. The pace of growth was the most pronounced in 2021 an increase of 83%. 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 Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Ukraine (+16.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Romania

In 2022, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were imported into Romania; increasing by 50% compared with the year before. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 516%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution surged to $X in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 239%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier to Romania, with a 53% share of total imports. Moreover, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Russia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +262.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+31.1% per year) and Ukraine (+70.9% per year).

In value terms, Russia ($X) constituted the largest supplier of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Romania, comprising 51% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 21% share of total imports. It was followed by Ukraine, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +343.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+35.9% per year) and Ukraine (+93.1% per year).

Import Prices by Country

The average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, with an increase of 35% against the previous year. In general, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 173% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Bulgaria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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