Slovakia: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Slovakia

The Slovak ammonium nitrate market soared to $X in 2023, rising by X% against the previous year. Over the period under review, consumption recorded mild growth. Ammonium nitrate consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ammonium Nitrate Production in Slovakia

In value terms, ammonium nitrate production surged to $X in 2023 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ammonium Nitrate Exports

Exports from Slovakia

Ammonium nitrate exports from Slovakia shrank notably to X tons in 2023, which is down by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, ammonium nitrate exports contracted rapidly to $X in 2023. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

Hungary (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of ammonium nitrate exports from Slovakia, together accounting for X% of total exports. Italy lagged somewhat behind, comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for ammonium nitrate exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2023, the average ammonium nitrate export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium nitrate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Italy ($X per ton), while the average price for exports to Austria ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into Slovakia

In 2023, overseas purchases of ammonium nitrate increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ammonium nitrate imports shrank to $X in 2023. Overall, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of ammonium nitrate imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Poland ($X) and Hungary ($X) were the largest ammonium nitrate suppliers to Slovakia, with a combined X% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw 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

In 2023, the average ammonium nitrate import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Austria ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform