Nitrites; Nitrates Price in France - 2023
Contents:
- Nitrites; Nitrates Price in France (CIF) - 2023
- Nitrites; Nitrates Price in France (FOB) - 2022
- Nitrites; Nitrates Imports in France
- Nitrites; Nitrates Exports in France
Nitrites; Nitrates Price in France (CIF) - 2023
The average nitrites; nitrates import price stood at $583 per ton in August 2023, remaining stable against the previous month. Overall, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in January 2023 an increase of 114% against the previous month. As a result, import price reached the peak level of $1,448 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Israel ($1,424 per ton), while the price for Norway ($133 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in France (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $3,181 per ton, with an increase of 15% against the previous year. Over the period under review, the export price showed perceptible growth. The growth pace was the most rapid in 2017 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($6,085 per ton), while the average price for exports to Switzerland ($1,413 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 Belgium (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in France
In 2022, supplies from abroad of nitrites; nitrateses decreased by -2.6% to 87K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 8.6% against the previous year.
In value terms, nitrites; nitrates imports soared to $56M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +67.8% 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.5 | 8.4 | 10.3 | 13.0 | 73.2% |
| Norway | 4.4 | 3.9 | 5.5 | 10.8 | 34.9% |
| Israel | 8.0 | 7.4 | 6.2 | 9.8 | 7.0% |
| Germany | 5.5 | 4.1 | 6.3 | 6.3 | 4.6% |
| Netherlands | 1.7 | 3.1 | 3.1 | 3.7 | 29.6% |
| Spain | 1.4 | 1.1 | 3.3 | 2.4 | 19.7% |
| Denmark | 0.2 | N/A | 0.5 | 2.3 | 125.7% |
| Others | 9.9 | 5.2 | 5.7 | 7.4 | -9.2% |
| Total | 33.6 | 33.1 | 40.9 | 55.6 | 18.3% |
Top Suppliers of Nitrites; Nitrates to France in 2022:
- Norway (44.8K tons)
- Israel (9.3K tons)
- Netherlands (8.9K tons)
- Belgium (7.2K tons)
- Germany (5.5K tons)
- Spain (4.3K tons)
- Denmark (1.6K tons)
Nitrites; Nitrates Exports in France
In 2022, the amount of nitrites; nitrateses exported from France expanded markedly to 6.7K tons, increasing by 9.1% compared with 2021. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year.
In value terms, nitrites; nitrates exports surged to $21M in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 58%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Nitrites; Nitrates in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 1.3 | 2.3 | 3.9 | 11.7% |
| Belgium | 0.1 | 0.1 | 1.5 | 3.3 | 220.8% |
| Canada | N/A | 0.1 | 0.7 | 2.9 | 438.5% |
| United Kingdom | 0.8 | 0.9 | 1.9 | 1.8 | 31.0% |
| Slovakia | 3.0 | 3.3 | 3.8 | 1.8 | -15.7% |
| Spain | 0.5 | 0.5 | 1.3 | 1.3 | 37.5% |
| Netherlands | 0.9 | 1.4 | 2.0 | 1.1 | 6.9% |
| Italy | 0.2 | 0.3 | 0.3 | 1.1 | 76.5% |
| Tunisia | 1.5 | N/A | N/A | 1.0 | -12.6% |
| Switzerland | 0.5 | 0.5 | 0.6 | 0.9 | 21.6% |
| Algeria | 0.6 | 0.1 | N/A | 0.3 | -20.6% |
| Morocco | 0.9 | 0.3 | 0.3 | 0.3 | -30.7% |
| New Caledonia | 0.5 | 0.1 | 0.2 | N/A | -36.8% |
| Others | 1.4 | 1.7 | 1.9 | 1.5 | 2.3% |
| Total | 13.6 | 10.6 | 16.8 | 21.2 | 15.9% |
Top Export Markets for Nitrites; Nitrates from France in 2022:
- Germany (1411.1 tons)
- Tunisia (653.6 tons)
- Switzerland (632.2 tons)
- Belgium (627.7 tons)
- United Kingdom (536.1 tons)
- Netherlands (522.0 tons)
- Canada (480.2 tons)
- Slovakia (435.3 tons)
- Italy (347.2 tons)
- Spain (267.5 tons)
- Algeria (126.9 tons)
- Morocco (103.5 tons)
- New Caledonia (15.3 tons)
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