EU: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the EU

In 2023, the EU market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in the EU

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution rose notably to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2023.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in the EU

After two years of growth, overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution decreased by X% to X tons in 2023. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2022 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined notably to $X in 2023. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell significantly in the following year.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Lithuania (X tons) represented roughly X% of total exports in 2023. Slovakia (X tons) ranks next in terms of the total exports with a X% share, followed by Germany (X%). Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Lithuania ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and the Netherlands ($X per ton), while Germany ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in the EU

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imported in the European Union reduced dramatically to X tons, which is down by X% on the previous year. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution reduced sharply to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2023, France (X tons) was the major importer of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, committing X% of total imports. It was distantly followed by Belgium (X tons) and Germany (X tons), together making up a X% share of total imports. Hungary (X tons), the Czech Republic (X tons), Lithuania (X tons), Latvia (X tons), Poland (X tons), Denmark (X tons), Romania (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imports into France stood at X%. At the same time, Romania (X%), Latvia (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Belgium, Lithuania and Denmark experienced a relatively flat trend pattern. By contrast, Germany (X%), the Czech Republic (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Latvia and Romania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the European Union, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

In France, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform