Nitrites; Nitrates Price in Canada - 2023
Contents:
- Nitrites; Nitrates Price in Canada (CIF) - 2023
- Nitrites; Nitrates Price in Canada (FOB) - 2023
- Nitrites; Nitrates Imports in Canada
- Nitrites; Nitrates Exports in Canada
Nitrites; Nitrates Price in Canada (CIF) - 2023
In September 2023, the average nitrites; nitrates import price amounted to $1,197 per ton, shrinking by -7.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 25% month-to-month. As a result, import price reached the peak level of $1,381 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($2,467 per ton), while the price for Norway ($318 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Price in Canada (FOB) - 2023
The average nitrites; nitrates export price stood at $734 per ton in September 2023, rising by 63% against the previous month. In general, the export price showed prominent growth. The growth pace was the most rapid in April 2023 an increase of 339% month-to-month. As a result, the export price reached the peak level of $2,675 per ton. From May 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Malaysia ($1,345 per ton), while the average price for exports to the United States amounted to $613 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%).
Nitrites; Nitrates Imports in Canada
In 2022, the amount of nitrites; nitrateses imported into Canada declined slightly to 43K tons, waning by -3.3% compared with 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7% against the previous year. As a result, imports attained the peak of 44K tons, and then shrank slightly in the following year.
In value terms, nitrites; nitrates imports skyrocketed to $51M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +56.9% 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.7 | 8.4 | 10.5 | 14.1 | 13.3% |
| Israel | 2.7 | 3.8 | 4.2 | 8.3 | 45.4% |
| Chile | 3.1 | 4.0 | 5.9 | 7.6 | 34.8% |
| China | 11.1 | 7.7 | 7.8 | 4.2 | -27.7% |
| Malaysia | N/A | N/A | N/A | 3.7 | 0% |
| Jordan | 2.3 | 2.1 | 1.8 | 2.2 | -1.5% |
| Norway | 0.7 | 0.5 | 0.8 | 1.4 | 26.0% |
| Others | 7.4 | 6.0 | 6.6 | 9.5 | 8.7% |
| Total | 37.0 | 32.5 | 37.6 | 51.0 | 11.3% |
Top Suppliers of Nitrites; Nitrates to Canada in 2022:
- United States (19.2K tons)
- Israel (5.4K tons)
- Chile (4.8K tons)
- Norway (3.2K tons)
- China (2.0K tons)
- Malaysia (1.8K tons)
- Jordan (1.6K tons)
Nitrites; Nitrates Exports in Canada
Nitrites; nitrates exports from Canada skyrocketed to 13K tons in 2022, rising by 173% against 2021. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates exports surged to $5.7M in 2022. Overall, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 2.9 | 3.0 | 5.6 | 17.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 3.6 | 3.0 | 3.1 | 5.7 | 16.6% |
Top Export Markets for Nitrites; Nitrates from Canada in 2022:
- United States (13.4K tons)
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