Nitrites; Nitrates Price in Slovenia - 2023
Contents:
- Nitrites; Nitrates Price in Slovenia (CIF) - 2022
- Nitrites; Nitrates Price in Slovenia (FOB) - 2022
- Nitrites; Nitrates Imports in Slovenia
- Nitrites; Nitrates Exports in Slovenia
Nitrites; Nitrates Price in Slovenia (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $2,085 per ton, rising by 22% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +28.6% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The import price peaked at $2,432 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($10,439 per ton), while the price for Germany ($781 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Slovenia (FOB) - 2022
The average nitrites; nitrates export price stood at $2,488 per ton in 2022, dropping by -26.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 73%. As a result, the export price reached the peak level of $6,270 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($10,494 per ton), while the average price for exports to Austria ($796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+177.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Slovenia
In 2022, nitrites; nitrates imports into Slovenia expanded rapidly to 1K tons, growing by 11% against the previous year. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, nitrites; nitrates imports soared to $2.2M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 62.6 | 35.3 | 327 | 569 | 108.7% |
| United Kingdom | 335 | 245 | 272 | 495 | 13.9% |
| Italy | 209 | 263 | 211 | 388 | 22.9% |
| Chile | 21.7 | 21.6 | 19.7 | 158 | 93.8% |
| Germany | 116 | 130 | 163 | 150 | 8.9% |
| Israel | 78.2 | 107 | 75.1 | 128 | 17.9% |
| Croatia | 6.6 | 93.8 | 18.1 | 60.7 | 109.5% |
| Netherlands | 53.0 | 108 | 217 | 55.8 | 1.7% |
| Denmark | 3.3 | 19.2 | 0.4 | 49.1 | 146.0% |
| Czech Republic | 46.0 | 11.2 | 2.3 | N/A | -77.6% |
| Others | 510 | 278 | 299 | 117 | -38.8% |
| Total | 1,441 | 1,313 | 1,605 | 2,170 | 14.6% |
Top Suppliers of Nitrites; Nitrates to Slovenia in 2022:
- Czech Republic (undefined tons)
- United Kingdom (252.2 tons)
- Germany (192.5 tons)
- Italy (152.6 tons)
- Chile (96.0 tons)
- Israel (94.3 tons)
- Croatia (73.1 tons)
- Denmark (55.2 tons)
- Belgium (54.5 tons)
- Netherlands (31.6 tons)
Nitrites; Nitrates Exports in Slovenia
In 2022, nitrites; nitrates exports from Slovenia surged to 190 tons, rising by 139% compared with the year before. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates exports soared to $473K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 197 | 300 | 180 | 169 | -5.0% |
| Serbia | 9.0 | 6.4 | 11.5 | 149 | 154.9% |
| Finland | N/A | N/A | 3.4 | 49.2 | 1347.1% |
| Austria | 27.3 | 1.8 | 17.6 | 36.5 | 10.2% |
| Poland | N/A | N/A | N/A | 23.8 | 0% |
| Brazil | 6.7 | N/A | 5.4 | 12.2 | 22.1% |
| France | 35.9 | 28.6 | 29.9 | 9.1 | -36.7% |
| Japan | 13.0 | 13.6 | N/A | 1.0 | -57.5% |
| Thailand | 4.7 | 4.1 | 4.7 | N/A | 0.0% |
| Others | 31.6 | 29.0 | 18.8 | 22.9 | -10.2% |
| Total | 326 | 383 | 271 | 473 | 13.2% |
Top Export Markets for Nitrites; Nitrates from Slovenia in 2022:
- Serbia (74.9 tons)
- Austria (45.9 tons)
- Finland (21.7 tons)
- Bosnia and Herzegovina (16.1 tons)
- Poland (11.0 tons)
- Brazil (6.7 tons)
- France (4.4 tons)
- Japan (0.1 tons)
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