Nitrites; Nitrates Price in Saudi Arabia - 2021
Contents:
- Nitrites; Nitrates Price in Saudi Arabia (CIF) - 2022
- Nitrites; Nitrates Price in Saudi Arabia (FOB) - 2022
- Nitrites; Nitrates Imports in Saudi Arabia
- Nitrites; Nitrates Exports in Saudi Arabia
Nitrites; Nitrates Price in Saudi Arabia (CIF) - 2022
The average nitrites; nitrates import price stood at $815 per ton in 2022, with a decrease of -2.3% against the previous year. Overall, the import price showed a slight downturn. The growth pace was the most rapid in 2015 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $984 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($845 per ton), while the price for China ($599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Price in Saudi Arabia (FOB) - 2022
The average nitrites; nitrates export price stood at $961 per ton in 2022, which is down by -7.5% against the previous year. In general, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. The export price peaked at $1,329 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($1,629 per ton), while the average price for exports to the United Arab Emirates amounted to $844 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Saudi Arabia
After three years of growth, overseas purchases of nitrites; nitrateses decreased by -1.3% to 9.3K tons in 2022. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 6.9%.
In value terms, nitrites; nitrates imports fell modestly to $7.6M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 7.6%. As a result, imports reached the peak of $7.9M, and then dropped modestly in the following year.
| Import of Nitrites; Nitrates in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 3.0 | 3.3 | 3.6 | 3.4 | 4.3% |
| Jordan | 3.8 | 2.5 | 3.2 | 3.0 | -7.6% |
| China | 0.7 | 1.1 | 1.0 | 0.9 | 8.7% |
| Others | N/A | 0.4 | N/A | 0.2 | -29.3% |
| Total | 7.5 | 7.3 | 7.9 | 7.6 | 0.4% |
Top Suppliers of Nitrites; Nitrates to Saudi Arabia in 2022:
- Chile (4.1K tons)
- Jordan (3.5K tons)
- China (1.6K tons)
Nitrites; Nitrates Exports in Saudi Arabia
Nitrites; nitrates exports from Saudi Arabia fell modestly to 144 tons in 2022, remaining relatively unchanged against 2021. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 0.8% against the previous year.
In value terms, nitrites; nitrates exports shrank to $139K in 2022. Overall, exports saw a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Nitrites; Nitrates in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,126 | 66.5 | 91.7 | 104 | -54.8% |
| Bahrain | 223 | 38.3 | 30.9 | 34.9 | -46.1% |
| Others | 121 | 22.0 | 27.8 | N/A | -52.1% |
| Total | 1,470 | 127 | 150 | 139 | -54.4% |
Top Export Markets for Nitrites; Nitrates from Saudi Arabia in 2022:
- United Arab Emirates (122.9 tons)
- Bahrain (21.4 tons)
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