Nitrites; Nitrates Price in Croatia - 2023
Contents:
- Nitrites; Nitrates Price in Croatia (CIF) - 2022
- Nitrites; Nitrates Price in Croatia (FOB) - 2022
- Nitrites; Nitrates Imports in Croatia
- Nitrites; Nitrates Exports in Croatia
Nitrites; Nitrates Price in Croatia (CIF) - 2022
The average nitrites; nitrates import price stood at $1,389 per ton in 2022, surging by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,863 per ton), while the price for Austria ($536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Croatia (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $1,130 per ton, growing by 30% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $2,438 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($2,024 per ton), while the average price for exports to Slovenia ($840 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 North Macedonia (+22.3%), while the prices for the other major destinations experienced a decline.
Nitrites; Nitrates Imports in Croatia
After three years of growth, supplies from abroad of nitrites; nitrateses decreased by -14.1% to 851 tons in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports attained the peak of 990 tons, and then declined in the following year.
In value terms, nitrites; nitrates imports surged to $1.2M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Nitrites; Nitrates in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 118 | 168 | 432 | 461 | 57.5% |
| Netherlands | 186 | 178 | 109 | 333 | 21.4% |
| Belgium | 36.7 | 92.8 | 147 | 139 | 55.9% |
| Germany | 23.6 | 28.0 | 55.2 | 84.6 | 53.0% |
| Poland | 49.0 | 12.3 | 33.2 | 47.6 | -1.0% |
| Denmark | N/A | N/A | N/A | 38.8 | 0% |
| Slovenia | 27.7 | 25.9 | 16.1 | 22.9 | -6.1% |
| Austria | 13.5 | 15.5 | 83.6 | 14.4 | 2.2% |
| Hungary | 152 | 161 | 27.2 | 3.4 | -71.8% |
| China | 104 | N/A | N/A | N/A | 0% |
| Others | 14.2 | 34.5 | 65.0 | 36.7 | 37.2% |
| Total | 724 | 716 | 969 | 1,181 | 17.7% |
Top Suppliers of Nitrites; Nitrates to Croatia in 2022:
- Greece (314.4 tons)
- Netherlands (257.9 tons)
- Belgium (104.2 tons)
- Germany (58.2 tons)
- Poland (34.0 tons)
- Austria (26.8 tons)
- Denmark (22.8 tons)
- Slovenia (9.5 tons)
- Hungary (3.5 tons)
Nitrites; Nitrates Exports in Croatia
In 2022, the amount of nitrites; nitrateses exported from Croatia reached 275 tons, with an increase of 6.6% against 2021 figures. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 257% against the previous year. As a result, the exports reached the peak of 325 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitrites; nitrates exports soared to $311K in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 105% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Nitrites; Nitrates in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 19.2 | 116 | 131 | 178 | 110.1% |
| Bosnia and Herzegovina | 84.8 | 85.5 | 80.0 | 99.9 | 5.6% |
| North Macedonia | 6.8 | 25.8 | 9.3 | 15.7 | 32.2% |
| Others | 0.4 | 0.8 | 4.1 | 17.7 | 253.7% |
| Total | 111 | 228 | 225 | 311 | 41.0% |
Top Export Markets for Nitrites; Nitrates from Croatia in 2022:
- Slovenia (211.3 tons)
- Bosnia and Herzegovina (49.4 tons)
- North Macedonia (13.0 tons)
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