Ukraine: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Ukraine

The Ukrainian ammonium nitrate market expanded markedly to $X in 2021, surging by 6.5% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Ammonium nitrate consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Ammonium Nitrate Production in Ukraine

In value terms, ammonium nitrate production shrank to $X in 2021 estimated in export price. Over the period under review, production faced a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 0.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ammonium Nitrate Exports

Exports from Ukraine

In 2021, exports of ammonium nitrate from Ukraine fell remarkably to X tons, which is down by -40.6% compared with the previous year's figure. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 770,099% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium nitrate exports dropped dramatically to $X in 2021. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 114,150% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons), Lithuania (X tons) and Poland (X tons) were the main destinations of ammonium nitrate exports from Ukraine, together accounting for 72% of total exports. Australia, Turkey, Hungary and Romania lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Lithuania ($X) and Poland ($X) were the largest markets for ammonium nitrate exported from Ukraine worldwide, together accounting for 73% of total exports. These countries were followed by Australia, Turkey, Hungary and Romania, which together accounted for a further 27%.

Romania, with a CAGR of +22.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, with an increase of 31% against the previous year. Overall, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2018 when the average export price increased by 179%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+0.4%), while the prices for the other major destinations experienced a decline.

Ammonium Nitrate Imports

Imports into Ukraine

Ammonium nitrate imports into Ukraine surged to X tons in 2021, rising by 45% on the year before. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 242%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ammonium nitrate imports surged to $X in 2021. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 208% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons), Georgia (X tons) and Poland (X tons) were the main suppliers of ammonium nitrate imports to Ukraine, together accounting for 62% of total imports. These countries were followed by Bulgaria, Uzbekistan, Lithuania, Turkey and Romania, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +154.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Georgia ($X) and Bulgaria ($X) constituted the largest ammonium nitrate suppliers to Ukraine, together accounting for 57% of total imports. Poland, Lithuania, Uzbekistan, Turkey and Romania lagged somewhat behind, together comprising a further 43%.

In terms of the main suppliers, Lithuania, with a CAGR of +191.3%, recorded the highest growth rate of 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

In 2021, the average ammonium nitrate import price amounted to $X per ton, picking up by 68% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 2021, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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