Nitrites; Nitrates Price in Estonia - 2023
Contents:
- Nitrites; Nitrates Price in Estonia (CIF) - 2022
- Nitrites; Nitrates Price in Estonia (FOB) - 2022
- Nitrites; Nitrates Imports in Estonia
- Nitrites; Nitrates Exports in Estonia
Nitrites; Nitrates Price in Estonia (CIF) - 2022
The average nitrites; nitrates import price stood at $1,048 per ton in 2022, rising by 3.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $1,451 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,111 per ton), while the price for Poland ($574 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Estonia (FOB) - 2022
The average nitrites; nitrates export price stood at $6,245 per ton in 2022, jumping by 335% against the previous year. In general, the export price enjoyed buoyant growth. The export price peaked at $8,039 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 Germany ($10,753 per ton), while the average price for exports to Latvia ($959 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 Latvia (+0.3%), while the prices for the other major destinations experienced a decline.
Nitrites; Nitrates Imports in Estonia
Nitrites; nitrates imports into Estonia surged to 960 tons in 2022, jumping by 220% against 2021 figures. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates imports skyrocketed to $1M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | 0.1 | 0.6 | 516 | 7083.3% |
| Poland | 153 | 86.3 | 137 | 243 | 16.7% |
| Germany | 44.0 | 27.8 | 21.6 | 80.2 | 22.2% |
| Norway | 6.5 | 55.5 | 46.1 | 56.9 | 106.1% |
| Belarus | N/A | N/A | N/A | 53.2 | 0% |
| China | 16.9 | 39.5 | N/A | N/A | 133.7% |
| Others | 88.2 | 286 | 98.2 | 56.7 | -13.7% |
| Total | 309 | 495 | 303 | 1,006 | 48.2% |
Top Suppliers of Nitrites; Nitrates to Estonia in 2022:
- Poland (423.8 tons)
- Lithuania (344.3 tons)
- Norway (86.7 tons)
- Belarus (43.2 tons)
- Germany (38.0 tons)
Nitrites; Nitrates Exports in Estonia
After two years of decline, shipments abroad of nitrites; nitrateses increased by 75% to 23 tons in 2022. In general, exports, however, showed a precipitous contraction.
In value terms, nitrites; nitrates exports soared to $142K in 2022. Over the period under review, exports, however, faced a abrupt setback.
| Export of Nitrites; Nitrates in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 83.3 | 0% |
| Poland | N/A | N/A | N/A | 46.7 | 0% |
| Latvia | 2.3 | 2.4 | 8.1 | 9.3 | 59.3% |
| South Africa | N/A | 18.8 | N/A | 2.9 | -60.7% |
| Finland | N/A | N/A | 5.9 | 0.2 | -96.6% |
| Norway | 111 | 38.8 | N/A | N/A | -65.0% |
| Jordan | 30.1 | N/A | N/A | N/A | 0% |
| United States | 129 | 198 | N/A | N/A | 53.5% |
| Ukraine | 1.7 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 25.6 | 4.6 | N/A | 139.8% |
| Total | 274 | 283 | 18.6 | 142 | -19.7% |
Top Export Markets for Nitrites; Nitrates from Estonia in 2022:
- Latvia (9.7 tons)
- Germany (7.8 tons)
- Poland (5.0 tons)
- South Africa (0.3 tons)
- Finland (0.1 tons)
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