Nitrites; Nitrates Price in Sri Lanka - 2021
Contents:
- Nitrites; Nitrates Price in Sri Lanka (CIF) - 2022
- Nitrites; Nitrates Price in Sri Lanka (FOB) - 2022
- Nitrites; Nitrates Imports in Sri Lanka
- Nitrites; Nitrates Exports in Sri Lanka
Nitrites; Nitrates Price in Sri Lanka (CIF) - 2022
The average nitrites; nitrates import price stood at $396 per ton in 2022, which is down by -30.3% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 31%. As a result, import price attained the peak level of $768 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($677 per ton), while the price for Norway ($360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Price in Sri Lanka (FOB) - 2022
The average nitrites; nitrates export price stood at $10,000 per ton in 2022, increasing by 1,740% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -4.6% per year.
Nitrites; Nitrates Imports in Sri Lanka
In 2022, approx. 9.1K tons of nitrites; nitrateses were imported into Sri Lanka; rising by 113% on the previous year. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates imports skyrocketed to $3.6M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 756 | 654 | 994 | 2,493 | 48.8% |
| Chile | 160 | 180 | 293 | 470 | 43.2% |
| China | 142 | 122 | 100 | 281 | 25.5% |
| India | 73.7 | 54.7 | 41.9 | 260 | 52.2% |
| Malaysia | 21.8 | 23.9 | 19.3 | 80.1 | 54.3% |
| Russia | 95.9 | 73.0 | 65.6 | N/A | -17.3% |
| Israel | 402 | 416 | 475 | N/A | 8.7% |
| Others | 353 | 186 | 438 | 17.6 | -63.2% |
| Total | 2,004 | 1,710 | 2,427 | 3,601 | 21.6% |
Top Suppliers of Nitrites; Nitrates to Sri Lanka in 2022:
- Norway (6.9K tons)
- China (0.8K tons)
- Chile (0.7K tons)
- India (0.5K tons)
- Malaysia (0.2K tons)
Nitrites; Nitrates Exports in Sri Lanka
In 2022, the amount of nitrites; nitrateses exported from Sri Lanka dropped rapidly to 1 kg, declining by -99.3% against the previous year's figure. Overall, exports showed a significant curtailment. The smallest decline of -45.4% was in 2020.
In value terms, nitrites; nitrates exports reduced dramatically to $10 in 2022. In general, exports continue to indicate a precipitous shrinkage. The smallest decline of -47.5% was in 2020.
| Export of Nitrites; Nitrates in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 10.0 | 0% |
| Maldives | 1,375 | 757 | 75.0 | N/A | -76.6% |
| Others | 95.0 | 15.0 | N/A | N/A | -84.2% |
| Total | 1,470 | 772 | 75.0 | 10.0 | -81.1% |
Top Export Markets for Nitrites; Nitrates from Sri Lanka in 2022:
- Netherlands (1.0 kg)
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