Nitrites; Nitrates Price in the Netherlands - 2023
Contents:
- Nitrites; Nitrates Price in the Netherlands (CIF) - 2023
- Nitrites; Nitrates Price in the Netherlands (FOB) - 2022
- Nitrites; Nitrates Imports in the Netherlands
- Nitrites; Nitrates Exports in the Netherlands
Nitrites; Nitrates Price in the Netherlands (CIF) - 2023
The average nitrites; nitrates import price stood at $901 per ton in August 2023, which is down by -15.1% against the previous month. Overall, the import price saw a pronounced descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 12% month-to-month. The import price peaked at $1,482 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($2,866 per ton), while the price for Germany ($500 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 China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in the Netherlands (FOB) - 2022
The average nitrites; nitrates export price stood at $1,004 per ton in 2022, increasing by 33% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates export price increased by +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($1,495 per ton), while the average price for exports to Italy ($254 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 Australia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in the Netherlands
In 2022, approx. 204K tons of nitrites; nitrateses were imported into the Netherlands; waning by -10.7% compared with the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of 228K tons, and then dropped in the following year.
In value terms, nitrites; nitrates imports skyrocketed to $242M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +70.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 88.3 | 70.2 | 98.6 | 139 | 16.3% |
| Israel | 21.7 | 22.0 | 24.6 | 47.8 | 30.1% |
| Belgium | 9.7 | 18.1 | 22.9 | 27.5 | 41.5% |
| Germany | 10.6 | 9.6 | 9.2 | 13.6 | 8.7% |
| Denmark | 3.2 | 5.8 | 6.3 | 5.8 | 21.9% |
| Others | 17.5 | 16.8 | 12.5 | 8.3 | -22.0% |
| Total | 151 | 142 | 174 | 242 | 17.0% |
Top Suppliers of Nitrites; Nitrates to the Netherlands in 2022:
- Chile (115.6K tons)
- Israel (33.1K tons)
- Belgium (26.9K tons)
- Germany (12.6K tons)
- Denmark (5.8K tons)
Nitrites; Nitrates Exports in the Netherlands
In 2022, approx. 163K tons of nitrites; nitrateses were exported from the Netherlands; surging by 5% compared with the previous year. The total export volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, nitrites; nitrates exports surged to $163M in 2022. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 16.5 | 17.2 | 13.6 | 23.3 | 12.2% |
| Germany | 4.7 | 4.8 | 11.0 | 20.6 | 63.7% |
| Australia | 6.2 | 5.4 | 8.9 | 12.9 | 27.7% |
| Morocco | N/A | 6.8 | 7.5 | 11.0 | 27.2% |
| Poland | 2.8 | 2.5 | 3.2 | 9.6 | 50.8% |
| Israel | 3.3 | 3.4 | 5.3 | 8.6 | 37.6% |
| United Kingdom | 2.8 | 3.8 | 3.7 | 7.4 | 38.3% |
| Kenya | 1.9 | 2.1 | 2.3 | 6.8 | 53.0% |
| France | 3.6 | 5.1 | 5.3 | 6.3 | 20.5% |
| India | 5.8 | 5.7 | 10.1 | 6.0 | 1.1% |
| Greece | 2.0 | 2.4 | 4.1 | 5.9 | 43.4% |
| Saudi Arabia | 3.3 | 3.1 | 3.9 | 4.0 | 6.6% |
| Italy | 1.6 | 1.6 | 1.7 | 2.0 | 7.7% |
| Others | 26.1 | 20.7 | 36.6 | 39.1 | 14.4% |
| Total | 80.6 | 84.8 | 117 | 163 | 26.5% |
Top Export Markets for Nitrites; Nitrates from the Netherlands in 2022:
- Belgium (33.0K tons)
- Germany (15.4K tons)
- Australia (11.0K tons)
- Morocco (10.0K tons)
- France (9.9K tons)
- Poland (8.2K tons)
- United Kingdom (8.1K tons)
- Italy (7.7K tons)
- Israel (7.4K tons)
- Kenya (6.7K tons)
- India (4.2K tons)
- Greece (4.0K tons)
- Saudi Arabia (3.2K tons)
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