Nitrites; Nitrates Price in Brazil - 2023
Contents:
- Nitrites; Nitrates Price in Brazil (CIF) - 2023
- Nitrites; Nitrates Price in Brazil (FOB) - 2023
- Nitrites; Nitrates Imports in Brazil
- Nitrites; Nitrates Exports in Brazil
Nitrites; Nitrates Price in Brazil (CIF) - 2023
The average nitrites; nitrates import price stood at $724 per ton in October 2023, increasing by 7.3% against the previous month. Overall, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in January 2023 when the average import price increased by 99% against the previous month. As a result, import price attained the peak level of $1,741 per ton. From February 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Chile ($1,389 per ton), while the price for Norway ($340 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Price in Brazil (FOB) - 2023
In October 2023, the average nitrites; nitrates export price amounted to $2,796 per ton, with an increase of 66% against the previous month. In general, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in July 2023 an increase of 251% against the previous month. As a result, the export price reached the peak level of $4,942 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Peru ($16,471 per ton), while the average price for exports to Angola ($1,080 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Brazil
In 2022, nitrites; nitrates imports into Brazil surged to 18K tons, rising by 28% compared with 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, nitrites; nitrates imports soared to $22M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 2.6 | 3.3 | 7.5 | 37.3% |
| China | 2.8 | 1.1 | 1.2 | 4.7 | 18.8% |
| Chile | 1.4 | 1.5 | 2.2 | 2.3 | 18.0% |
| Poland | 0.5 | 0.5 | 2.1 | 1.8 | 53.3% |
| India | 0.7 | 0.6 | 0.5 | 1.2 | 19.7% |
| Russia | 0.3 | 0.4 | 0.7 | 0.6 | 26.0% |
| Israel | 0.2 | 0.4 | N/A | 0.5 | 35.7% |
| Others | 1.3 | 1.2 | 2.2 | 3.6 | 40.4% |
| Total | 10.1 | 8.4 | 12.1 | 22.1 | 29.8% |
Top Suppliers of Nitrites; Nitrates to Brazil in 2022:
- China (6.5K tons)
- Germany (4.5K tons)
- Poland (2.5K tons)
- Chile (1.4K tons)
- Russia (1.0K tons)
- India (0.7K tons)
- Israel (0.5K tons)
Nitrites; Nitrates Exports in Brazil
In 2022, nitrites; nitrates exports from Brazil soared to 166 tons, rising by 18% compared with the previous year. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor 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.
In value terms, nitrites; nitrates exports surged to $527K in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 103 | 1.2 | 141 | 233 | 31.3% |
| United States | 48.0 | 150 | 22.7 | 86.0 | 21.5% |
| Peru | N/A | N/A | N/A | 58.0 | 0% |
| Bolivia | 34.4 | 37.4 | 44.0 | 42.0 | 6.9% |
| Mexico | N/A | 38.3 | 2.6 | 30.1 | -11.3% |
| Paraguay | 23.2 | 14.6 | 25.5 | 30.0 | 8.9% |
| Chile | N/A | N/A | N/A | 17.2 | 0% |
| Colombia | 21.9 | 31.5 | N/A | 2.8 | -49.6% |
| Cuba | N/A | 16.7 | 7.2 | N/A | -56.9% |
| Denmark | 39.1 | N/A | N/A | N/A | 0% |
| Others | 23.2 | 23.6 | 8.3 | 28.5 | 7.1% |
| Total | 292 | 313 | 251 | 527 | 21.8% |
Top Export Markets for Nitrites; Nitrates from Brazil in 2022:
- Argentina (91.7 tons)
- Bolivia (22.6 tons)
- Peru (20.0 tons)
- Paraguay (11.6 tons)
- United States (6.1 tons)
- Chile (6.0 tons)
- Mexico (4.9 tons)
- Colombia (1.0 tons)
340
This report provides an in-depth analysis of the nitrates market in Brazil.
449
This report provides an in-depth analysis of the potassium nitrate market in Brazil.
399
This report provides an in-depth analysis of the nitrites market in Brazil.
928
This report provides an in-depth analysis of the global nitrates market.
867
This report provides an in-depth analysis of the global potassium nitrate market.
618
This report provides an in-depth analysis of the global nitrites market.
340
This report provides an in-depth analysis of the nitrates market in Brazil.
449
This report provides an in-depth analysis of the potassium nitrate market in Brazil.
399
This report provides an in-depth analysis of the nitrites market in Brazil.
928
This report provides an in-depth analysis of the global nitrates market.
289
The price of Nitrites in June 2023 reached $1,488 per ton (CIF, Brazil), showing a 15% increase compared to the previous month.
1061
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...
1397
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...
967
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...
733
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...
289
The price of Nitrites in June 2023 reached $1,488 per ton (CIF, Brazil), showing a 15% increase compared to the previous month.
1061
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...
1397
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...
967
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...
733
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...
