Report Update Nov 1, 2024

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

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Ukraine: Urea Market 2024

Urea Market Size in Ukraine

The Ukrainian urea market skyrocketed to $X in 2022, jumping by 48% against the previous year. In general, consumption continues to indicate a prominent expansion. Urea consumption peaked in 2022 and is likely to continue growth in the near future.

Urea Production in Ukraine

In value terms, urea production contracted remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 68%. Urea production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Urea Exports

Exports from Ukraine

In 2022, shipments abroad of urea decreased by -91.2% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2019 when exports increased by 250%. 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 fell markedly to $X in 2022. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2019 with an increase of 269%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for urea exports from Ukraine, with a 67% share of total exports. Moreover, urea exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), sixfold. Hungary (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-28.9% per year) and Hungary (+1.7% per year).

In value terms, Romania ($X) emerged as the key foreign market for urea exports from Ukraine, comprising 50% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports. It was followed by Hungary, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-24.3% per year) and Hungary (+9.7% per year).

Export Prices by Country

In 2022, the average urea export price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price enjoyed a slight increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Romania ($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 Slovakia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Ukraine

In 2022, the amount of urea imported into Ukraine plummeted to X tons, which is down by -37.1% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 293%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, urea imports shrank modestly to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 644%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

Turkmenistan (X tons), Belarus (X tons) and Poland (X tons) were the main suppliers of urea imports to Ukraine, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +251.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X), Belarus ($X) and Egypt ($X) appeared to be the largest urea suppliers to Ukraine, with a combined 73% share of total imports.

Among the main suppliers, Belarus, with a CAGR of +285.8%, 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, rising by 54% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 89% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 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 Azerbaijan (+45.0%), 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, accounting for 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, together accounting for 41% 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 Ukraine?

In value terms, Belarus constituted the largest supplier of urea to Ukraine, comprising 65% of total imports. The second position in the ranking was occupied by Uzbekistan, with a 21% share of total imports. It was followed by Turkmenistan, with an 8% share.

What are the leading importers of urea from Ukraine?

In value terms, India remains the key foreign market for urea exports from Ukraine, comprising 65% of total exports. The second position in the ranking was occupied by Italy, with a 12% share of total exports. It was followed by Romania, with a 9.1% share.

What is the average export price for urea in Ukraine?

In 2021, the average urea export price amounted to $231 per ton, declining by -3.7% against the previous year.

What is the average import price for urea in Ukraine?

In 2021, the average urea import price amounted to $336 per ton, growing by 50% against the previous year.

This report provides an in-depth analysis of the urea market in Ukraine. 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:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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