Nitrites; Nitrates Price in Romania - 2023
Contents:
- Nitrites; Nitrates Price in Romania (CIF) - 2023
- Nitrites; Nitrates Price in Romania (FOB) - 2022
- Nitrites; Nitrates Imports in Romania
- Nitrites; Nitrates Exports in Romania
Nitrites; Nitrates Price in Romania (CIF) - 2023
In August 2023, the average nitrites; nitrates import price amounted to $1,411 per ton, rising by 4% against the previous month. Over the period under review, the import price recorded a noticeable expansion. The most prominent rate of growth was recorded in July 2023 an increase of 120% month-to-month. Over the period under review, average import prices reached the maximum in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($36,592 per ton), while the price for Hungary ($287 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 (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Romania (FOB) - 2022
The average nitrites; nitrates export price stood at $620 per ton in 2022, with a decrease of -43.6% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of 75%. As a result, the export price reached the peak level of $2,058 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($2,089 per ton), while the average price for exports to Hungary ($176 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 Slovakia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Romania
For the third year in a row, Romania recorded decline in supplies from abroad of nitrites; nitrateses, which decreased by -3.6% to 6.3K tons in 2022. Over the period under review, imports faced a abrupt decrease.
In value terms, nitrites; nitrates imports rose markedly to $5.2M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Nitrites; Nitrates in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 313 | 141 | 281 | 1,452 | 66.8% |
Greece | 540 | 688 | 532 | 1,006 | 23.0% |
Poland | 1,566 | 2,055 | 1,485 | 800 | -20.1% |
Germany | 375 | 397 | 684 | 530 | 12.2% |
Hungary | 718 | 219 | 326 | 394 | -18.1% |
Netherlands | 270 | 418 | 932 | 248 | -2.8% |
Norway | 87.2 | 155 | 176 | 190 | 29.6% |
Others | 513 | 350 | 517 | 564 | 3.2% |
Total | 4,382 | 4,423 | 4,932 | 5,184 | 5.8% |
Top Suppliers of Nitrites; Nitrates to Romania in 2022:
- Bulgaria (1932.5 tons)
- Greece (1069.9 tons)
- Poland (885.5 tons)
- Hungary (852.3 tons)
- Germany (559.9 tons)
- Norway (319.4 tons)
- Netherlands (199.2 tons)
Nitrites; Nitrates Exports in Romania
In 2022, overseas shipments of nitrites; nitrateses decreased by -12.5% to 38 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 814%. As a result, the exports attained the peak of 417 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitrites; nitrates exports contracted sharply to $23K in 2022. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 774% against the previous year. As a result, the exports attained the peak of $480K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Nitrites; Nitrates in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 1.5 | 4.1 | 32.8 | 15.7 | 118.7% |
Hungary | N/A | N/A | 1.5 | 4.2 | 180.0% |
Slovakia | N/A | N/A | 0.3 | 2.8 | 833.3% |
Cote d'Ivoire | N/A | 99.6 | N/A | N/A | 0% |
Mali | N/A | 124 | N/A | N/A | 0% |
Burkina Faso | 49.8 | 251 | N/A | N/A | 404.0% |
Others | 3.6 | 0.7 | 12.7 | 0.7 | -42.1% |
Total | 54.9 | 480 | 47.3 | 23.3 | -24.9% |
Top Export Markets for Nitrites; Nitrates from Romania in 2022:
- Hungary (23.8 tons)
- Bulgaria (12.1 tons)
- Slovakia (1.3 tons)
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