United Kingdom - Nitrates (Excluding Those Of Potassium) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrates Price in the UK - 2023
Contents:
- Nitrates Price in the UK (FOB) - 2022
- Nitrates Price in the UK (CIF) - 2022
- Nitrates Exports in the UK
- Nitrates Imports in the UK
Nitrates Price in the UK (FOB) - 2022
In 2022, the average nitrates export price amounted to $5,079 per ton, increasing by 32% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($22,985 per ton), while the average price for exports to Malaysia ($712 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 the Czech Republic (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrates Price in the UK (CIF) - 2022
In 2022, the average nitrates import price amounted to $705 per ton, growing by 52% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 116% against the previous year. As a result, import price attained the peak level of $762 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,804 per ton), while the price for Norway ($227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrates Exports in the UK
In 2022, approx. 6K tons of nitrates (excluding those of potassium) were exported from the UK; dropping by -2.3% on the previous year's figure. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of 6.2K tons, and then shrank in the following year.
In value terms, nitrates exports soared to $31M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Nitrates in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 11.8 | 7.7 | 12.2 | 13.1 | 3.5% |
South Africa | 2.8 | 4.5 | 2.2 | 7.0 | 35.7% |
Germany | 1.5 | 1.3 | 1.6 | 1.5 | 0.0% |
Denmark | 1.1 | 0.8 | 0.4 | 1.1 | 0.0% |
Italy | 1.0 | 0.3 | 1.1 | 0.9 | -3.5% |
China | 0.2 | 0.3 | 0.6 | 0.7 | 51.8% |
France | 0.1 | 0.1 | 0.5 | 0.6 | 81.7% |
South Korea | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
Taiwan (Chinese) | 0.6 | 0.5 | 0.6 | 0.4 | -12.6% |
Ireland | 0.8 | 0.4 | 0.6 | 0.2 | -37.0% |
Thailand | N/A | N/A | 0.1 | 0.2 | 100.0% |
Others | 3.0 | 3.1 | 3.7 | 4.4 | 13.6% |
Total | 23.3 | 19.1 | 23.9 | 30.7 | 9.6% |
Top Export Markets for Nitrates from the UK in 2022:
- Netherlands (2536.1 tons)
- South Africa (625.3 tons)
- Germany (588.5 tons)
- South Korea (450.3 tons)
- Taiwan (Chinese) (302.6 tons)
- France (275.7 tons)
- China (235.8 tons)
- Denmark (204.2 tons)
- Italy (123.2 tons)
- Thailand (105.6 tons)
- Ireland (97.9 tons)
Nitrates Imports in the UK
Nitrates imports into the UK amounted to 19K tons in 2022, growing by 3.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 21%. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nitrates imports surged to $13M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Nitrates in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 1,157 | 1,322 | 1,870 | 2,691 | 32.5% |
China | 300 | 327 | 850 | 1,805 | 81.9% |
Spain | 1,953 | 972 | 1,106 | 1,741 | -3.8% |
Germany | 188 | 170 | 231 | 1,422 | 96.3% |
Netherlands | 355 | 161 | 427 | 1,393 | 57.7% |
France | 116 | 124 | 124 | 1,164 | 115.7% |
Belgium | 550 | 580 | 624 | 603 | 3.1% |
Poland | 182 | 23.0 | 358 | 429 | 33.1% |
Israel | 1,041 | 331 | 315 | N/A | -45.0% |
Others | 1,567 | 2,163 | 2,427 | 1,812 | 5.0% |
Total | 7,409 | 6,171 | 8,332 | 13,061 | 20.8% |
Top Suppliers of Nitrates to the UK in 2022:
- Norway (11.9K tons)
- Netherlands (3.0K tons)
- Poland (0.6K tons)
- Belgium (0.6K tons)
- Spain (0.6K tons)
- Germany (0.5K tons)
- France (0.4K tons)
- China (0.4K tons)
This report provides an in-depth analysis of the nitrates market in the UK. 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 20134210 - Nitrates (excluding those of potassium)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 nitrates market in the UK.
This report provides an in-depth analysis of the potassium nitrate market in the UK.
This report provides an in-depth analysis of the nitrites market in the UK.
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 global nitrites market.
This report provides an in-depth analysis of the nitrates market in the UK.
This report provides an in-depth analysis of the potassium nitrate market in the UK.
This report provides an in-depth analysis of the nitrites market in the UK.
This report provides an in-depth analysis of the global nitrates market.
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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...
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