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Australia - Nitrites - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrites Price in Australia - 2023
Contents:
- Nitrites Price in Australia (CIF) - 2022
- Nitrites Price in Australia (FOB) - 2022
- Nitrites Imports in Australia
- Nitrites Exports in Australia
Nitrites Price in Australia (CIF) - 2022
The average nitrites import price stood at $1,105 per ton in 2022, surging by 27% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites import price increased by +66.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,427 per ton), while the price for the Netherlands ($799 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites Price in Australia (FOB) - 2022
The average nitrites export price stood at $1,719 per ton in 2022, growing by 14% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites export price decreased by -14.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 42%. Over the period under review, the average export prices attained the peak figure at $2,019 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($1,808 per ton) and New Zealand ($1,793 per ton), while the average price for exports to Papua New Guinea ($1,578 per ton) and Indonesia ($1,722 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrites Imports in Australia
For the fourth year in a row, Australia recorded growth in overseas purchases of nitrites, which increased by 14% to 2.2K tons in 2022. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nitrites imports skyrocketed to $2.4M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nitrites in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 639 | 382 | 337 | 1,029 | 17.2% |
Germany | 424 | 113 | 104 | 1,015 | 33.8% |
Netherlands | 17.8 | 78.7 | 157 | 127 | 92.5% |
Belgium | 59.7 | 326 | 474 | 95.7 | 17.0% |
Russia | 67.4 | 317 | 539 | 70.5 | 1.5% |
India | N/A | N/A | N/A | 53.9 | 0% |
Others | N/A | 129 | 62.8 | 18.4 | -62.2% |
Total | 1,208 | 1,346 | 1,673 | 2,410 | 25.9% |
Top Suppliers of Nitrites to Australia in 2022:
- China (1096.4 tons)
- Germany (711.1 tons)
- Netherlands (159.3 tons)
- Belgium (81.0 tons)
- Russia (72.0 tons)
- India (41.4 tons)
Nitrites Exports in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of nitrites, which decreased by -17.4% to 227 tons in 2022. In general, exports saw a abrupt setback. The smallest decline of -0.4% was in 2020.
In value terms, nitrites exports declined to $390K in 2022. Over the period under review, exports recorded a significant decline.
Export of Nitrites in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 392 | 108 | 95.9 | 207 | -19.2% |
Chile | N/A | 30.3 | N/A | 76.8 | 59.2% |
Papua New Guinea | 65.7 | 27.1 | 8.0 | 75.7 | 4.8% |
New Zealand | 9.1 | 33.5 | 34.6 | 29.1 | 47.3% |
Egypt | 384 | 576 | 261 | N/A | -17.6% |
Others | 36.1 | 11.7 | 14.3 | 1.9 | -62.5% |
Total | 887 | 787 | 414 | 390 | -24.0% |
Top Export Markets for Nitrites from Australia in 2022:
- Indonesia (119.9 tons)
- Papua New Guinea (48.0 tons)
- Chile (42.5 tons)
- New Zealand (16.2 tons)
This report provides an in-depth analysis of the nitrites market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20152080 - Nitrites
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the nitrites market in Australia.
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This report provides an in-depth analysis of the global nitrites market.
This report provides an in-depth analysis of the global nitrates market.
This report provides an in-depth analysis of the global potassium nitrate market.
This report provides an in-depth analysis of the nitrites market in Australia.
This report provides an in-depth analysis of the nitrates market in Australia.
This report provides an in-depth analysis of the potassium nitrate market in Australia.
This report provides an in-depth analysis of the global nitrites market.
The Nitrites imports peaked at 2.1K tons in 2022 but decreased to $2.2M in 2023.
In May 2023, the Nitrates price in Australia (CIF) dropped by -25.1% to $407 per ton compared to the previous month.
Imports of Potassium Nitrate reached a peak of 32K tons in 2020, but remained lower from 2021 to 2023. In terms of value, imports decreased significantly to $12M in 2023.
From July 2023 to December 2023, imports of Potassium Nitrate saw modest growth, reaching $1.6M in value in December 2023.
In April 2023, the potassium nitrate price amounted to $1,365 per ton (CIF, Australia), picking up by 9.2% against the previous month.
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
The Nitrites imports peaked at 2.1K tons in 2022 but decreased to $2.2M in 2023.