In 2023, Russia led the global export of Urea-Ammonium Nitrate Mixes with a 27.27% share, reflecting a marginal increase of 0.37% from the previous year. The United States follows with a 20.28% share, showing a notable growth of 5.24%. European countries like Lithuania and the Netherlands held significant but declining shares at 10.96% and 10.77%, respectively. China's share grew significantly by 16.2%, while Germany experienced a sharp decline of 7.73%. Egypt and Greece demonstrated remarkable growth rates of 63.36% and 87.73%, respectively, highlighting emerging players in this market.
Future trends to watch include:
- The impact of geopolitical dynamics on major exporters like Russia and new capacities in countries showing growth like Egypt and Greece.
- The role of sustainability and environmental regulations which may affect production and export capabilities.
- Technological advancements improving production efficiency, potentially altering the competitive landscape.
- Market adjustments to shifts in global demand patterns, possibly driven by agricultural needs and economic conditions.
Top countries in Export of Urea-Ammonium Nitrate Mixes in Solution Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 27.27 | 2023 | +1.96% | +0.37% | View data |
| 2 | 2 United States | 20.28 | 2023 | +4.72% | +5.24% | View data |
| 3 | 3 Lithuania | 10.96 | 2023 | -1.99% | -2.04% | View data |
| 4 | 4 Netherlands | 10.77 | 2023 | -0.56% | -0.35% | View data |
| 5 | 5 Canada | 7.87 | 2023 | -0.077% | -0.36% | View data |
| 6 | 6 Belgium | 5.55 | 2023 | +0.29% | -0.68% | View data |
| 7 | 7 Belarus | 4.22 | 2023 | +0.79% | -0.89% | View data |
| 8 | 8 Slovakia | 2.4 | 2023 | +0.04% | +0.24% | View data |
| 9 | 9 Germany | 1.51 | 2023 | -6.49% | -7.73% | View data |
| 10 | 10 China | 1.11 | 2023 | -3.02% | +16.2% | View data |
