Report Update Nov 1, 2024

Uruguay - Nitrogen - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Nitrogen Market 2024

Nitrogen Market Size in Uruguay

The Uruguayan nitrogen market fell sharply to $X in 2021, declining by -34.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a dramatic contraction. Nitrogen consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Nitrogen Exports

Exports from Uruguay

In 2021, overseas shipments of nitrogen increased by 1.6% to X cubic meters, rising for the sixth year in a row after three years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 3,244% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, nitrogen exports expanded to $X in 2021. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 386%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Argentina (X cubic meters) and Free Zones (X cubic meters) were the main destinations of nitrogen exports from Uruguay.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Free Zones (with a CAGR of +106.8%).

In value terms, the largest markets for nitrogen exported from Uruguay were Free Zones ($X) and Argentina ($X).

Free Zones, with a CAGR of +67.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average nitrogen export price amounted to $X per cubic meter, flattening at the previous year. Over the period under review, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of 184%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Free Zones ($X per cubic meter), while the average price for exports to Argentina stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-11.8%).

Nitrogen Imports

Imports into Uruguay

For the sixth year in a row, Uruguay recorded decline in overseas purchases of nitrogen, which decreased by -12% to X cubic meters in 2021. Over the period under review, imports showed a precipitous decline. The pace of growth was the most pronounced in 2015 with an increase of 54%. Over the period under review, imports reached the maximum at X cubic meters in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, nitrogen imports shrank to $X in 2021. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2015 with an increase of 60%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Free Zones (X cubic meters) was the main supplier of nitrogen to Uruguay, accounting for a 95% share of total imports. Moreover, nitrogen imports from Free Zones exceeded the figures recorded by the second-largest supplier, Argentina (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Free Zones totaled -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-12.4% per year) and Brazil (-36.5% per year).

In value terms, Free Zones ($X) constituted the largest supplier of nitrogen to Uruguay, comprising 88% of total imports. The second position in the ranking was taken by Argentina ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Free Zones stood at -20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-9.0% per year) and Brazil (-34.1% per year).

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, rising by 3.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while the price for Free Zones ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.9%), 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 nitrogen in the world?

The country with the largest volume of nitrogen consumption was China, comprising approx. 19% of total volume. Moreover, nitrogen consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of nitrogen in the world?

China constituted the country with the largest volume of nitrogen production, accounting for 19% of total volume. Moreover, nitrogen production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of nitrogen to Uruguay?

In value terms, Free Zones constituted the largest supplier of nitrogen to Uruguay, comprising 88% of total imports. The second position in the ranking was occupied by Argentina, with a 7.7% share of total imports. It was followed by Brazil, with a 1.9% share.

What are the leading importers of nitrogen from Uruguay?

In value terms, Argentina and Free Zones constituted the largest markets for nitrogen exported from Uruguay worldwide.

What is the average export price for nitrogen in Uruguay?

In 2021, the average nitrogen export price amounted to $4.2 per cubic meter, jumping by 23% against the previous year.

What is the average import price for nitrogen in Uruguay?

The average nitrogen import price stood at $5.3 per cubic meter in 2021, reducing by -27.3% against the previous year.

This report provides an in-depth analysis of the nitrogen market in Uruguay. 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:

Prodcom 20111160 - Nitrogen

Country coverage:

Uruguay

Data coverage:

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