Urea Market in the European Union
Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In 
, consumption of urea increased by % to tons, rising for the second consecutive year after three years of decline. The total consumption indicated perceptible growth from 2007 to : its volume increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption attained the peak volume of tons. From 2017 to , the growth of the consumption failed to regain momentum.
The revenue of the urea market in the European Union skyrocketed to $ in , jumping by % 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). The total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
, consumption of urea increased by % to tons, rising for the second consecutive year after three years of decline. The total consumption indicated perceptible growth from 2007 to : its volume increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption attained the peak volume of tons. From 2017 to , the growth of the consumption failed to regain momentum.The revenue of the urea market in the European Union skyrocketed to $
in , jumping by % 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). The total consumption indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were France ( tons), Spain ( tons) and Poland ( tons), together comprising % of total consumption. These countries were followed by Italy, Romania, Belgium, Germany, the Netherlands, the Czech Republic, Lithuania, Bulgaria, Hungary and Greece, which together accounted for a further %.
From 2007 to, the biggest increases were recorded for the Czech Republic (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, France ($), Spain ($) and Poland ($) were the countries with the highest levels of market value in , with a combined % share of the total market. Italy, Romania, Belgium, Germany, the Netherlands, the Czech Republic, Lithuania, Bulgaria, Hungary and Greece lagged somewhat behind, together comprising a further %.
The Czech Republic, with a CAGR of +%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
In, the highest levels of urea per capita consumption was registered in Lithuania ( kg per person), followed by Belgium ( kg per person), Bulgaria ( kg per person) and the Czech Republic ( kg per person), while the world average per capita consumption of urea was estimated at kg per person.
From 2007 to, the average annual rate of growth in terms of the urea per capita consumption in Lithuania was relatively modest. In the other countries, the average annual rates were as follows: Belgium (+% per year) and Bulgaria (+% per year).
were France ( tons), Spain ( tons) and Poland ( tons), together comprising % of total consumption. These countries were followed by Italy, Romania, Belgium, Germany, the Netherlands, the Czech Republic, Lithuania, Bulgaria, Hungary and Greece, which together accounted for a further %.From 2007 to
, the biggest increases were recorded for the Czech Republic (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.In value terms, France ($
), Spain ($) and Poland ($) were the countries with the highest levels of market value in , with a combined % share of the total market. Italy, Romania, Belgium, Germany, the Netherlands, the Czech Republic, Lithuania, Bulgaria, Hungary and Greece lagged somewhat behind, together comprising a further %.The Czech Republic, with a CAGR of +
%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.In
, the highest levels of urea per capita consumption was registered in Lithuania ( kg per person), followed by Belgium ( kg per person), Bulgaria ( kg per person) and the Czech Republic ( kg per person), while the world average per capita consumption of urea was estimated at kg per person.From 2007 to
, the average annual rate of growth in terms of the urea per capita consumption in Lithuania was relatively modest. In the other countries, the average annual rates were as follows: Belgium (+% per year) and Bulgaria (+% per year).Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for urea in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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