Nitrites; Nitrates Price in Costa Rica - 2022

Contents:

  1. Nitrites; Nitrates Price in Costa Rica (CIF) - 2022
  2. Nitrites; Nitrates Price in Costa Rica (FOB) - 2022
  3. Nitrites; Nitrates Imports in Costa Rica
  4. Nitrites; Nitrates Exports in Costa Rica

Nitrites; Nitrates Price in Costa Rica (CIF) - 2022

In 2022, the average nitrites; nitrates import price amounted to $905 per ton, reducing by -12% against the previous year. In general, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The import price peaked at $1,032 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($1,965 per ton), while the price for China ($599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Nitrites; Nitrates Price in Costa Rica (FOB) - 2022

In 2022, the average nitrites; nitrates export price amounted to $1,314 per ton, picking up by 6.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 98% against the previous year. The export price peaked at $1,485 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($4,325 per ton), while the average price for exports to Nicaragua ($1,107 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 Honduras (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrites; Nitrates Imports in Costa Rica

In 2022, purchases abroad of nitrites; nitrateses increased by 53% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt decline.

In value terms, nitrites; nitrates imports soared to $1.1M in 2022. Over the period under review, imports, however, continue to indicate a deep reduction.

Import of Nitrites; Nitrates in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile1,077539238477-23.8%
Germany1361301681360.0%
Jordan91.722815412510.9%
China19924235.2122-15.0%
France191134134119-14.6%
Mexico93.82.631.033.0-29.4%
Others11871.738.459.6-20.4%
Total1,9071,3477991,073-17.4%

Top Suppliers of Nitrites; Nitrates to Costa Rica in 2022:

  1. Chile (587.4 tons)
  2. China (204.2 tons)
  3. Jordan (157.1 tons)
  4. France (107.5 tons)
  5. Germany (69.3 tons)
  6. Mexico (37.6 tons)

Nitrites; Nitrates Exports in Costa Rica

In 2022, overseas shipments of nitrites; nitrateses increased by 28% to 68 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic slump.

In value terms, nitrites; nitrates exports soared to $90K in 2022. Over the period under review, exports, however, saw a dramatic downturn.

Export of Nitrites; Nitrates in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua24221.340.055.1-38.9%
Panama67.377.015.729.1-24.4%
Honduras10.612.27.95.6-19.2%
Others2.03.32.1N/A2.5%
Total32211465.789.7-34.7%

Top Export Markets for Nitrites; Nitrates from Costa Rica in 2022:

  1. Nicaragua (49.8 tons)
  2. Panama (17.3 tons)
  3. Honduras (1.3 tons)

Source: IndexBox Market Intelligence Platform

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