Estonia - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Estonia - 2023
Contents:
- Urea Price in Estonia (FOB) - 2023
- Urea Price in Estonia (CIF) - 2022
- Urea Exports in Estonia
- Urea Imports in Estonia
Urea Price in Estonia (FOB) - 2023
The average urea export price stood at $555 per ton in September 2023, jumping by 21% against the previous month. In general, the export price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in July 2023 when the average export price increased by 64% month-to-month. Over the period under review, the average export prices hit record highs at $859 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Latvia ($2,682 per ton), while the average price for exports to Germany ($361 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.
Urea Price in Estonia (CIF) - 2022
In 2022, the average urea import price amounted to $368 per ton, picking up by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 69% against the previous year. The import price peaked at $392 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($441 per ton), while the price for Russia amounted to $352 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.8%).
Urea Exports in Estonia
In 2022, urea exports from Estonia skyrocketed to 236K tons, growing by 109% on 2021. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports surged to $97M in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 151% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Urea in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | N/A | 6.9 | 46.0 | 247.1% |
| France | 14.1 | 12.7 | 23.7 | 25.8 | 22.3% |
| Poland | 2.6 | 1.7 | 10.3 | 10.3 | 58.2% |
| Germany | 7.1 | 0.9 | 2.4 | 8.3 | 5.3% |
| Finland | 0.4 | 0.5 | 0.5 | 3.0 | 95.7% |
| Latvia | N/A | 0.1 | N/A | 2.3 | 379.6% |
| Belgium | 4.9 | 1.4 | N/A | N/A | -71.4% |
| Others | 3.5 | 0.6 | 0.9 | 0.9 | -36.4% |
| Total | 33.8 | 17.8 | 44.7 | 96.6 | 41.9% |
Top Export Markets for Urea from Estonia in 2022:
- Netherlands (155.0K tons)
- France (34.6K tons)
- Germany (18.1K tons)
- Poland (16.3K tons)
- Latvia (6.9K tons)
- Finland (3.6K tons)
Urea Imports in Estonia
In 2022, urea imports into Estonia skyrocketed to 183K tons, with an increase of 71% on the year before. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports skyrocketed to $67M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Urea in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 31.2 | 16.2 | 31.0 | 54.4 | 20.4% |
| Lithuania | 2.0 | 2.0 | 3.8 | 11.9 | 81.2% |
| Others | 0.7 | 0.2 | 0.4 | 0.9 | 8.7% |
| Total | 33.9 | 18.4 | 35.2 | 67.2 | 25.6% |
Top Suppliers of Urea to Estonia in 2022:
- Russia (154.5K tons)
- Lithuania (27.0K tons)
This report provides an in-depth analysis of the urea market in Estonia. 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 - Urea
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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