Nitrites; Nitrates Price in Qatar - 2023

Contents:

  1. Nitrites; Nitrates Price in Qatar (CIF) - 2023
  2. Nitrites; Nitrates Imports in Qatar

Nitrites; Nitrates Price in Qatar (CIF) - 2023

In July 2023, the average nitrites; nitrates import price amounted to $1,320 per ton, growing by 11% against the previous month. In general, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in October 2022 an increase of 274% against the previous month. As a result, import price attained the peak level of $6,651 per ton. From November 2022 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Chile ($1,434 per ton), while the price for India totaled $911 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Nitrites; Nitrates Imports in Qatar

In 2022, after two years of decline, there was significant growth in purchases abroad of nitrites; nitrateses, when their volume increased by 115% to 1K tons. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates imports soared to $1.1M in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nitrites; Nitrates in Qatar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Jordan40.4101168612147.4%
India26935.557.1189-11.1%
Chile88.741.511117024.2%
China22914687.7115-20.5%
ThailandN/A60.1N/AN/A0%
Poland79.1N/AN/AN/A0%
Others17.932.1N/AN/A79.3%
Total7244164231,08614.5%

Top Suppliers of Nitrites; Nitrates to Qatar in 2022:

  1. Jordan (668.6 tons)
  2. China (166.0 tons)
  3. India (119.4 tons)
  4. Chile (96.0 tons)

Source: IndexBox Market Intelligence Platform

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