Nitrites; Nitrates Price in Italy - 2023
Contents:
- Nitrites; Nitrates Price in Italy (CIF) - 2022
- Nitrites; Nitrates Price in Italy (FOB) - 2023
- Nitrites; Nitrates Imports in Italy
- Nitrites; Nitrates Exports in Italy
Nitrites; Nitrates Price in Italy (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $884 per ton, with an increase of 33% against the previous year. In general, the import price showed a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($1,187 per ton), while the price for Norway ($222 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Italy (FOB) - 2023
The average nitrites; nitrates export price stood at $1,783 per ton in August 2023, waning by -2.9% against the previous month. Over the period under review, the export price saw a slight downturn. The pace of growth was the most pronounced in January 2023 when the average export price increased by 56% m-o-m. The export price peaked at $2,097 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($2,238 per ton), while the average price for exports to Panama ($389 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Italy
In 2022, after three years of growth, there was significant decline in overseas purchases of nitrites; nitrateses, when their volume decreased by -5.8% to 76K tons. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year.
In value terms, nitrites; nitrates imports skyrocketed to $67M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.7% 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 +67.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 10.8 | 12.9 | 12.6 | 20.6 | 24.0% |
| Jordan | 6.0 | 8.1 | 7.7 | 5.4 | -3.5% |
| Poland | 2.0 | 1.3 | 3.0 | 4.8 | 33.9% |
| Chile | 3.8 | 12.1 | 10.4 | 4.8 | 8.1% |
| Norway | 1.2 | 0.4 | 1.5 | 2.1 | 20.5% |
| Netherlands | 1.5 | 1.5 | 1.8 | 2.0 | 10.1% |
| China | 4.8 | 2.1 | 2.3 | 1.8 | -27.9% |
| Others | 10.0 | 9.1 | 14.2 | 25.6 | 36.8% |
| Total | 40.1 | 47.3 | 53.6 | 67.1 | 18.7% |
Top Suppliers of Nitrites; Nitrates to Italy in 2022:
- Israel (25.7K tons)
- Norway (9.5K tons)
- Netherlands (8.3K tons)
- Chile (7.8K tons)
- Poland (6.2K tons)
- Jordan (4.6K tons)
- China (3.1K tons)
Nitrites; Nitrates Exports in Italy
In 2022, after three years of growth, there was significant decline in shipments abroad of nitrites; nitrateses, when their volume decreased by -7.2% to 3.6K tons. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. As a result, the exports attained the peak of 3.8K tons, and then shrank in the following year.
In value terms, nitrites; nitrates exports surged to $5M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 233 | 268 | 386 | 752 | 47.8% |
| Denmark | 354 | 89.8 | 372 | 725 | 27.0% |
| Finland | 230 | 203 | 253 | 396 | 19.9% |
| Brazil | 33.0 | 25.8 | 133 | 364 | 122.6% |
| Armenia | N/A | N/A | N/A | 279 | 0% |
| El Salvador | 240 | 409 | 383 | 246 | 0.8% |
| France | 199 | 156 | 157 | 220 | 3.4% |
| Czech Republic | 190 | 139 | 151 | 213 | 3.9% |
| United Kingdom | 485 | 549 | 136 | 210 | -24.3% |
| Romania | 299 | 112 | 125 | 208 | -11.4% |
| Spain | 400 | 520 | 809 | 157 | -26.8% |
| Israel | 95.2 | 151 | 132 | 121 | 8.3% |
| Dominican Republic | 1.9 | 11.8 | 13.7 | 45.7 | 188.7% |
| Others | 1,083 | 1,189 | 1,227 | 1,105 | 0.7% |
| Total | 3,843 | 3,822 | 4,277 | 5,040 | 9.5% |
Top Export Markets for Nitrites; Nitrates from Italy in 2022:
- Germany (486.0 tons)
- Denmark (475.6 tons)
- Armenia (314.7 tons)
- Romania (211.3 tons)
- Finland (210.8 tons)
- Dominican Republic (178.4 tons)
- United Kingdom (157.8 tons)
- Brazil (135.1 tons)
- France (133.7 tons)
- El Salvador (116.6 tons)
- Spain (112.0 tons)
- Czech Republic (87.7 tons)
- Israel (78.8 tons)
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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...
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