Nitrites; Nitrates Price in India - 2023
Contents:
- Nitrites; Nitrates Price in India (FOB) - 2022
- Nitrites; Nitrates Price in India (CIF) - 2022
- Nitrites; Nitrates Exports in India
- Nitrites; Nitrates Imports in India
Nitrites; Nitrates Price in India (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $1,176 per ton, increasing by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,616 per ton), while the average price for exports to Canada ($566 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 Djibouti (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Price in India (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $821 per ton, rising by 4.8% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +41.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,841 per ton), while the price for the Netherlands ($609 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Exports in India
For the fourth year in a row, India recorded growth in shipments abroad of nitrites; nitrateses, which increased by 9.5% to 25K tons in 2022. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates exports soared to $30M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 6.3 | 7.1 | 9.0 | 25.1% |
| Japan | 2.1 | 1.7 | 3.3 | 4.0 | 24.0% |
| Germany | 1.1 | 0.9 | 0.6 | 2.3 | 27.9% |
| Saudi Arabia | 0.6 | 0.8 | 0.7 | 1.8 | 44.2% |
| South Korea | 0.8 | 0.4 | 0.9 | 1.3 | 17.6% |
| Thailand | 1.0 | 0.8 | 0.9 | 1.1 | 3.2% |
| Canada | 0.5 | 0.2 | 0.2 | 1.0 | 26.0% |
| Oman | N/A | 0.3 | 0.3 | 1.0 | 82.6% |
| United Arab Emirates | 0.9 | 0.8 | 0.7 | 0.9 | 0.0% |
| Brazil | 0.6 | 0.5 | 0.4 | 0.8 | 10.1% |
| Indonesia | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Turkey | 0.3 | 0.5 | 0.5 | 0.5 | 18.6% |
| Djibouti | N/A | N/A | N/A | 0.5 | 0% |
| Others | 3.8 | 2.3 | 3.4 | 4.5 | 5.8% |
| Total | 16.4 | 15.6 | 19.3 | 29.7 | 21.9% |
Top Export Markets for Nitrites; Nitrates from India in 2022:
- United States (5.6K tons)
- Japan (3.7K tons)
- Germany (2.0K tons)
- Canada (1.8K tons)
- Saudi Arabia (1.6K tons)
- Oman (1.6K tons)
- Indonesia (1.2K tons)
- South Korea (1.2K tons)
- United Arab Emirates (0.8K tons)
- Brazil (0.7K tons)
- Thailand (0.7K tons)
- Turkey (0.6K tons)
- Djibouti (0.5K tons)
Nitrites; Nitrates Imports in India
In 2022, the amount of nitrites; nitrateses imported into India skyrocketed to 25K tons, rising by 37% compared with the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 increased by +106.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, nitrites; nitrates imports soared to $21M in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Nitrites; Nitrates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.2 | 1.0 | 6.9 | 14.2 | 25.4% |
| Spain | 0.1 | 0.3 | 0.8 | 2.6 | 196.2% |
| Germany | 1.1 | 0.9 | 1.4 | 1.5 | 10.9% |
| Russia | 0.9 | 1.9 | 1.0 | 0.6 | -12.6% |
| Belgium | 0.6 | 0.6 | 1.3 | 0.5 | -5.9% |
| Netherlands | 0.1 | 0.7 | 0.4 | 0.3 | 44.2% |
| United Arab Emirates | 0.1 | 0.1 | 0.8 | 0.2 | 26.0% |
| Hong Kong SAR | 0.2 | 0.1 | 0.4 | N/A | 41.4% |
| Latvia | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Taiwan (Chinese) | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 2.1 | 1.1 | 1.5 | 0.8 | -27.5% |
| Total | 13.4 | 7.1 | 14.4 | 20.7 | 15.6% |
Top Suppliers of Nitrites; Nitrates to India in 2022:
- Taiwan (Chinese) (undefinedK tons)
- Hong Kong SAR (undefinedK tons)
- China (20.4K tons)
- Spain (1.4K tons)
- Germany (1.0K tons)
- Russia (0.6K tons)
- Netherlands (0.5K tons)
- Belgium (0.5K tons)
- United Arab Emirates (0.3K tons)
401
This report provides an in-depth analysis of the nitrates market in India.
527
This report provides an in-depth analysis of the potassium nitrate market in India.
402
This report provides an in-depth analysis of the nitrites market in India.
928
This report provides an in-depth analysis of the global nitrates market.
866
This report provides an in-depth analysis of the global potassium nitrate market.
617
This report provides an in-depth analysis of the global nitrites market.
401
This report provides an in-depth analysis of the nitrates market in India.
527
This report provides an in-depth analysis of the potassium nitrate market in India.
402
This report provides an in-depth analysis of the nitrites market in India.
928
This report provides an in-depth analysis of the global nitrates market.
1060
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1396
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
967
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
732
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
1060
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1396
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
967
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
732
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
