Nitrites; Nitrates Price in Paraguay - 2023

Contents:

  1. Nitrites; Nitrates Price in Paraguay (CIF) - 2022
  2. Nitrites; Nitrates Imports in Paraguay

Nitrites; Nitrates Price in Paraguay (CIF) - 2022

In 2022, the average nitrites; nitrates import price amounted to $3,821 per ton, jumping by 123% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 156% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($11,656 per ton), while the price for Chile ($2,169 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Imports in Paraguay

In 2022, after three years of growth, there was significant decline in supplies from abroad of nitrites; nitrateses, when their volume decreased by -76.2% to 25 tons. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, imports attained the peak of 106 tons, and then fell markedly in the following year.

In value terms, nitrites; nitrates imports dropped rapidly to $97K in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of $182K, and then dropped significantly in the following year.

Import of Nitrites; Nitrates in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil8.712.17.032.054.4%
IndiaN/A22.78.421.1-3.6%
Germany3.616.113.820.979.7%
RussiaN/AN/AN/A10.80%
Chile19.6N/A18.68.5-24.3%
China11.329.6133N/A243.1%
NetherlandsN/A10.1N/AN/A0%
Others8.20.90.93.4-25.4%
Total51.391.518296.723.5%

Top Suppliers of Nitrites; Nitrates to Paraguay in 2022:

  1. Brazil (11.6 tons)
  2. Germany (6.6 tons)
  3. Chile (3.9 tons)
  4. India (1.8 tons)
  5. Russia (1.0 tons)

Source: IndexBox Market Intelligence Platform

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