Nitrites; Nitrates Price in Uzbekistan - 2023

Contents:

1. Nitrites; Nitrates Price in Uzbekistan (CIF) - 2023
2. Nitrites; Nitrates Price in Uzbekistan (FOB) - 2022
3. Nitrites; Nitrates Imports in Uzbekistan
4. Nitrites; Nitrates Exports in Uzbekistan

Nitrites; Nitrates Price in Uzbekistan (CIF) - 2023

In May 2023, the average nitrites; nitrates import price amounted to $1,668 per ton, with an increase of 46% against the previous month. Over the period under review, import price indicated a tangible expansion from May 2022 to May 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, nitrites; nitrates import price increased by +46.4% against April 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 127% m-o-m. As a result, import price attained the peak level of $2,046 per ton. From August 2022 to May 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Turkey ($3,610 per ton), while the price for Poland ($1,065 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in Uzbekistan (FOB) - 2022

The average nitrites; nitrates export price stood at $467 per ton in 2022, waning by -43.8% against the previous year. Over the period under review, the export price faced a sharp curtailment. The export price peaked at $832 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($689 per ton), while the average price for exports to Turkey ($395 per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites; Nitrates Imports in Uzbekistan

In 2022, purchases abroad of nitrites; nitrateses decreased by -24.1% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.

In value terms, nitrites; nitrates imports surged to $2.9M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Nitrites; Nitrates to Uzbekistan in 2022:

1. Russia (1041.4 tons)
2. Belarus (183.3 tons)
3. Israel (154.1 tons)
4. Chile (111.0 tons)
5. Lithuania (94.5 tons)
6. Turkey (89.9 tons)
7. Kazakhstan (63.6 tons)

Nitrites; Nitrates Exports in Uzbekistan

In 2022, approx. 1.8K tons of nitrites; nitrateses were exported from Uzbekistan; with an increase of 145,343% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates exports skyrocketed to $823K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nitrites; Nitrates from Uzbekistan in 2022:

1. Turkey (835.9 tons)
2. Iran (352.0 tons)
3. Poland (325.0 tons)
4. Kazakhstan (186.0 tons)
5. Turkmenistan (62.5 tons)

Source: IndexBox Market Intelligence Platform