Nitrites; Nitrates Price in Romania - 2023

Contents:

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

Nitrites; Nitrates Price in Romania (CIF) - 2023

In August 2023, the average nitrites; nitrates import price amounted to $1,411 per ton, rising by 4% against the previous month. Over the period under review, the import price recorded a noticeable expansion. The most prominent rate of growth was recorded in July 2023 an increase of 120% month-to-month. Over the period under review, average import prices reached the maximum in August 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($36,592 per ton), while the price for Hungary ($287 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 the Netherlands (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in Romania (FOB) - 2022

The average nitrites; nitrates export price stood at $620 per ton in 2022, with a decrease of -43.6% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of 75%. As a result, the export price reached the peak level of $2,058 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($2,089 per ton), while the average price for exports to Hungary ($176 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 Slovakia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites; Nitrates Imports in Romania

For the third year in a row, Romania recorded decline in supplies from abroad of nitrites; nitrateses, which decreased by -3.6% to 6.3K tons in 2022. Over the period under review, imports faced a abrupt decrease.

In value terms, nitrites; nitrates imports rose markedly to $5.2M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Nitrites; Nitrates to Romania in 2022:

1. Bulgaria (1932.5 tons)
2. Greece (1069.9 tons)
3. Poland (885.5 tons)
4. Hungary (852.3 tons)
5. Germany (559.9 tons)
6. Norway (319.4 tons)
7. Netherlands (199.2 tons)

Nitrites; Nitrates Exports in Romania

In 2022, overseas shipments of nitrites; nitrateses decreased by -12.5% to 38 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 814%. As a result, the exports attained the peak of 417 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrites; nitrates exports contracted sharply to $23K in 2022. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 774% against the previous year. As a result, the exports attained the peak of $480K. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Hungary (23.8 tons)
2. Bulgaria (12.1 tons)
3. Slovakia (1.3 tons)

Source: IndexBox Market Intelligence Platform