Report Update Nov 1, 2024

Romania - Urea - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Urea Market 2024

Urea Market Size in Romania

The Romanian urea market skyrocketed to $X in 2022, picking up by 106% against the previous year. Overall, consumption saw a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Urea Production in Romania

In value terms, urea production dropped notably to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 116%. Urea production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Urea Exports

Exports from Romania

In 2022, approx. X tons of urea were exported from Romania; increasing by 27% compared with the previous year. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 199% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, urea exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 192% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for urea exports from Romania, accounting for a 44% share of total exports. Moreover, urea exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-11.1% per year) and Slovakia (+1.4% per year).

In value terms, Hungary ($X) remains the key foreign market for urea exports from Romania, comprising 49% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 13% share of total exports. It was followed by Slovakia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-6.5% per year) and Slovakia (+8.2% per year).

Export Prices by Country

The average urea export price stood at $X per ton in 2022, with an increase of 63% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of 94% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Romania

Urea imports into Romania soared to X tons in 2022, growing by 110% against 2021. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 167%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

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

Imports by Country

Georgia (X tons), Egypt (X tons) and Poland (X tons) were the main suppliers of urea imports to Romania, together accounting for 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Georgia (with a CAGR of +422.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Georgia ($X) and Russia ($X) appeared to be the largest urea suppliers to Romania, with a combined 65% share of total imports.

Georgia, with a CAGR of +643.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average urea import price amounted to $X per ton, picking up by 36% against the previous year. Overall, the import price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 87%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for urea in the world?

India constituted the country with the largest volume of urea consumption, comprising approx. 26% of total volume. Moreover, urea consumption in India exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the largest producers of urea in the world?

The countries with the highest volumes of urea production in 2021 were India, China and Russia, with a combined 41% share of global production. Iran, Indonesia, Pakistan, Qatar, Saudi Arabia, Oman, Canada, the United Arab Emirates, Algeria and Vietnam lagged somewhat behind, together accounting for a further 39%.

What are the leading suppliers of urea to Romania?

In value terms, the largest urea suppliers to Romania were Egypt, Ukraine and Turkmenistan, with a combined 69% share of total imports. Azerbaijan, Russia, Poland, Slovakia and Austria lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of urea from Romania?

In value terms, Hungary emerged as the key foreign market for urea exports from Romania, comprising 44% of total exports. The second position in the ranking was occupied by Bulgaria, with a 19% share of total exports. It was followed by Slovakia, with a 12% share.

What is the average export price for urea in Romania?

In 2021, the average urea export price amounted to $473 per ton, with an increase of 92% against the previous year.

What is the average import price for urea in Romania?

In 2021, the average urea import price amounted to $371 per ton, surging by 49% against the previous year.

This report provides an in-depth analysis of the urea market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4001 -

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023