Nitrites; Nitrates Price in Bangladesh - 2022
Contents:
Nitrites; Nitrates Price in Bangladesh (CIF) - 2022
The average nitrites; nitrates import price stood at $1,086 per ton in 2022, with a decrease of -22.7% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +53.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 98%. As a result, import price attained the peak level of $1,404 per ton, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,418 per ton), while the price for China totaled $637 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Imports in Bangladesh
In 2022, overseas purchases of nitrites; nitrateses decreased by -9.9% to 568 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 631 tons, and then shrank in the following year.
In value terms, nitrites; nitrates imports shrank significantly to $617K in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 154%. As a result, imports attained the peak of $886K, and then contracted remarkably in the following year.
| Import of Nitrites; Nitrates in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 52.5 | 78.4 | 91.5 | 278 | 74.3% |
| China | 185 | 185 | 258 | 232 | 7.8% |
| Netherlands | 0.1 | N/A | 176 | 0.1 | 0.0% |
| Malaysia | 13.1 | 17.9 | 3.1 | N/A | -51.4% |
| Taiwan (Chinese) | 45.1 | N/A | N/A | N/A | 0% |
| Others | 156 | 68.2 | 357 | 107 | -11.8% |
| Total | 452 | 349 | 886 | 617 | 10.9% |
Top Suppliers of Nitrites; Nitrates to Bangladesh in 2022:
- China (363.2 tons)
- India (196.3 tons)
- Netherlands (0.1 tons)
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