Nitrites; Nitrates Price in Israel - 2023
Contents:
- Nitrites; Nitrates Price in Israel (CIF) - 2022
- Nitrites; Nitrates Price in Israel (FOB) - 2022
- Nitrites; Nitrates Imports in Israel
- Nitrites; Nitrates Exports in Israel
Nitrites; Nitrates Price in Israel (CIF) - 2022
The average nitrites; nitrates import price stood at $1,371 per ton in 2022, rising by 57% against the previous year. Over the period under review, the import price, however, continues to indicate a sharp reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 67%. Over the period under review, average import prices reached the peak figure at $14,461 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($1,494 per ton), while the price for China ($694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Israel (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $896 per ton, which is down by -11.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 37%. As a result, the export price reached the peak level of $1,016 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,252 per ton), while the average price for exports to the United States ($563 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 Italy (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrites; Nitrates Imports in Israel
Nitrites; nitrates imports into Israel totaled 8.1K tons in 2022, increasing by 7.8% compared with the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, nitrites; nitrates imports skyrocketed to $11M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2,919 | N/A | 3,943 | 8,790 | 44.4% |
| United States | 120 | 314 | 387 | 505 | 61.4% |
| Russia | 74.0 | N/A | 92.0 | 483 | 86.9% |
| Italy | 26.0 | 9.0 | 298 | 300 | 126.0% |
| Poland | 10.0 | 118 | 344 | 240 | 188.4% |
| Netherlands | 59.0 | 80.0 | 4.0 | 227 | 56.7% |
| China | 859 | 581 | 265 | 147 | -44.5% |
| Belgium | 625 | 3,575 | 695 | 74.0 | -50.9% |
| Others | 411 | 547 | 540 | 332 | -6.9% |
| Total | 5,103 | 5,224 | 6,568 | 11,098 | 29.6% |
Top Suppliers of Nitrites; Nitrates to Israel in 2022:
- Chile (5883.8 tons)
- United States (482.9 tons)
- Italy (413.2 tons)
- Russia (323.3 tons)
- Poland (238.6 tons)
- China (211.9 tons)
- Netherlands (156.7 tons)
- Belgium (100.2 tons)
Nitrites; Nitrates Exports in Israel
In 2022, after three years of growth, there was decline in overseas shipments of nitrites; nitrateses, when their volume decreased by -2.1% to 266K tons. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year.
In value terms, nitrites; nitrates exports fell to $239M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $276M, and then reduced in the following year.
| Export of Nitrites; Nitrates in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 30.1 | 36.3 | 42.0 | 35.5 | 5.7% |
| Netherlands | 21.7 | 22.1 | 31.7 | 32.4 | 14.3% |
| Italy | 10.8 | 13.0 | 17.2 | 14.0 | 9.0% |
| Turkey | 4.2 | 7.8 | 5.6 | 7.0 | 18.6% |
| Greece | 9.6 | 4.0 | 11.9 | 6.8 | -10.9% |
| France | 8.0 | 7.5 | 8.4 | 6.6 | -6.2% |
| Morocco | N/A | N/A | N/A | 6.5 | 0% |
| Canada | 2.7 | 3.8 | 5.7 | 5.6 | 27.5% |
| South Korea | 1.6 | 1.6 | 2.8 | 3.1 | 24.7% |
| Australia | 0.6 | 0.6 | 0.4 | 2.3 | 56.5% |
| United States | 0.2 | 1.3 | 0.9 | 1.8 | 108.0% |
| Thailand | 5.6 | 8.1 | 8.3 | N/A | 21.7% |
| Others | 94.9 | 95.0 | 142 | 117 | 7.2% |
| Total | 190 | 201 | 276 | 239 | 7.9% |
Top Export Markets for Nitrites; Nitrates from Israel in 2022:
- Spain (44.3K tons)
- Netherlands (32.9K tons)
- Italy (11.2K tons)
- Greece (9.6K tons)
- Turkey (9.5K tons)
- France (9.2K tons)
- Morocco (6.1K tons)
- Canada (5.4K tons)
- United States (3.2K tons)
- South Korea (3.2K tons)
- Australia (2.5K tons)
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