Nitrites; Nitrates Price in Ethiopia - 2022
Contents:
Nitrites; Nitrates Price in Ethiopia (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $758 per ton, which is down by -21.6% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +8.1% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $1,073 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($1,079 per ton), while the price for China stood at $667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Imports in Ethiopia
In 2022, the amount of nitrites; nitrateses imported into Ethiopia skyrocketed to 1.6K tons, jumping by 40% against the previous year. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 decreased by -9.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nitrites; nitrates imports rose rapidly to $1.2M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Nitrites; Nitrates in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.3 | 164 | 259 | 839 | 202.5% |
| Jordan | 636 | 362 | 111 | 360 | -17.3% |
| Russia | N/A | 53.5 | N/A | N/A | 0% |
| Chile | N/A | 158 | 410 | N/A | 159.5% |
| Israel | N/A | 152 | 178 | N/A | 17.1% |
| Others | 189 | 427 | 137 | 6.8 | -67.0% |
| Total | 856 | 1,317 | 1,095 | 1,206 | 12.1% |
Top Suppliers of Nitrites; Nitrates to Ethiopia in 2022:
- China (1257.2 tons)
- Jordan (333.9 tons)
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