Nitrites; Nitrates Price in Spain - 2023
Contents:
- Nitrites; Nitrates Price in Spain (CIF) - 2022
- Nitrites; Nitrates Price in Spain (FOB) - 2022
- Nitrites; Nitrates Imports in Spain
- Nitrites; Nitrates Exports in Spain
Nitrites; Nitrates Price in Spain (CIF) - 2022
The average nitrites; nitrates import price stood at $1,066 per ton in 2022, increasing by 59% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +62.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($1,702 per ton), while the price for China ($557 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Spain (FOB) - 2022
The average nitrites; nitrates export price stood at $1,234 per ton in 2022, with an increase of 55% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,297 per ton), while the average price for exports to France ($459 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 Morocco (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Spain
In 2022, after three years of growth, there was significant decline in purchases abroad of nitrites; nitrateses, when their volume decreased by -6.4% to 218K tons. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 6%. As a result, imports attained the peak of 233K tons, and then contracted in the following year.
In value terms, nitrites; nitrates imports surged to $233M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 57.9 | 57.6 | 63.6 | 101 | 20.4% |
| Israel | 30.1 | 36.4 | 31.1 | 52.4 | 20.3% |
| Jordan | 23.6 | 22.7 | 24.1 | 37.6 | 16.8% |
| Denmark | 6.4 | 4.6 | 5.8 | 13.4 | 27.9% |
| China | 7.9 | 7.6 | 6.5 | 9.4 | 6.0% |
| Belgium | 12.0 | 9.7 | 11.8 | 7.8 | -13.4% |
| Norway | 0.4 | N/A | 0.9 | 0.4 | 0.0% |
| Others | 6.2 | 5.5 | 11.8 | 11.0 | 21.1% |
| Total | 144 | 144 | 156 | 233 | 17.4% |
Top Suppliers of Nitrites; Nitrates to Spain in 2022:
- Chile (91.4K tons)
- Israel (44.6K tons)
- Jordan (28.8K tons)
- Denmark (21.1K tons)
- China (16.9K tons)
- Belgium (4.6K tons)
- Norway (1.9K tons)
Nitrites; Nitrates Exports in Spain
In 2022, after three years of growth, there was significant decline in overseas shipments of nitrites; nitrateses, when their volume decreased by -29.6% to 52K tons. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 9.1% against the previous year.
In value terms, nitrites; nitrates exports rose notably to $64M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.8% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Nitrites; Nitrates in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 17.0 | 17.9 | 12.3 | 15.9 | -2.2% |
| Portugal | 7.5 | 5.1 | 6.5 | 9.7 | 9.0% |
| Italy | 4.9 | 4.9 | 6.7 | 8.4 | 19.7% |
| Germany | 0.4 | 0.2 | 0.6 | 5.1 | 133.6% |
| Japan | 2.9 | 2.3 | 3.9 | 3.5 | 6.5% |
| South Korea | 2.4 | 2.0 | 2.6 | 3.1 | 8.9% |
| United States | 0.4 | 1.3 | 1.9 | 3.1 | 97.9% |
| India | 0.1 | 0.3 | 1.0 | 2.5 | 192.4% |
| Mexico | 0.7 | 1.2 | 1.2 | 1.7 | 34.4% |
| United Kingdom | 2.0 | 1.1 | 0.9 | 1.6 | -7.2% |
| Morocco | 0.9 | 4.4 | 5.0 | 0.9 | 0.0% |
| France | 1.7 | 2.1 | 5.1 | 0.8 | -22.2% |
| Brazil | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Others | 15.8 | 10.2 | 10.3 | 6.6 | -25.2% |
| Total | 56.8 | 53.0 | 58.2 | 63.6 | 3.8% |
Top Export Markets for Nitrites; Nitrates from Spain in 2022:
- Turkey (13.3K tons)
- Portugal (8.2K tons)
- Italy (6.6K tons)
- United States (4.0K tons)
- India (2.6K tons)
- Mexico (2.5K tons)
- Germany (2.2K tons)
- Japan (1.9K tons)
- France (1.8K tons)
- South Korea (1.8K tons)
- United Kingdom (1.3K tons)
- Brazil (0.9K tons)
- Morocco (0.8K tons)
395
This report provides an in-depth analysis of the nitrates market in Spain.
809
This report provides an in-depth analysis of the potassium nitrate market in Spain.
364
This report provides an in-depth analysis of the nitrites market in Spain.
902
This report provides an in-depth analysis of the global nitrates market.
834
This report provides an in-depth analysis of the global potassium nitrate market.
553
This report provides an in-depth analysis of the global nitrites market.
395
This report provides an in-depth analysis of the nitrates market in Spain.
809
This report provides an in-depth analysis of the potassium nitrate market in Spain.
364
This report provides an in-depth analysis of the nitrites market in Spain.
902
This report provides an in-depth analysis of the global nitrates market.
67
Between 2018 and 2023, imports of Potassium Nitrate experienced a noticeable decline, with its value reducing sharply to $110M by 2023.
1030
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1357
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
939
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
654
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
67
Between 2018 and 2023, imports of Potassium Nitrate experienced a noticeable decline, with its value reducing sharply to $110M by 2023.
1030
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1357
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
939
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
654
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
