Nitrites; Nitrates Price in Belgium - 2023
Contents:
- Nitrites; Nitrates Price in Belgium (FOB) - 2022
- Nitrites; Nitrates Price in Belgium (CIF) - 2022
- Nitrites; Nitrates Exports in Belgium
- Nitrites; Nitrates Imports in Belgium
Nitrites; Nitrates Price in Belgium (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $2,015 per ton, with an increase of 48% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates export price increased by +57.7% against 2020 indices. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($11,097 per ton), while the average price for exports to the UK ($1,083 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 Saudi Arabia (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Price in Belgium (CIF) - 2022
The average nitrites; nitrates import price stood at $1,384 per ton in 2022, rising by 66% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 +81.5% against 2020 indices. As a result, import price reached 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 France ($4,190 per ton), while the price for Chile ($710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Exports in Belgium
After three years of growth, shipments abroad of nitrites; nitrateses decreased by -44.2% to 29K tons in 2022. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of 51K tons, and then contracted sharply in the following year.
In value terms, nitrites; nitrates exports reduced dramatically to $58M in 2022. The total export value 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 pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, the exports reached the peak of $70M, and then reduced markedly in the following year.
| Export of Nitrites; Nitrates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.8 | 12.6 | 16.2 | 14.5 | 13.9% |
| Netherlands | 6.1 | 8.4 | 12.7 | 13.0 | 28.7% |
| France | 6.0 | 5.8 | 6.6 | 8.0 | 10.1% |
| Denmark | 2.4 | 2.6 | 3.1 | 3.7 | 15.5% |
| Australia | 3.9 | 4.8 | 4.8 | 2.9 | -9.4% |
| China | 0.2 | 0.3 | 2.6 | 2.8 | 141.0% |
| Canada | 3.1 | 2.0 | 3.2 | 1.7 | -18.1% |
| Mali | 0.6 | 1.4 | 2.4 | 1.6 | 38.7% |
| Argentina | 1.0 | 1.4 | 1.5 | 1.6 | 17.0% |
| Italy | 1.2 | 1.6 | 0.8 | 0.9 | -9.1% |
| United Kingdom | 0.7 | 0.8 | 0.8 | 0.7 | 0.0% |
| Spain | 2.0 | 0.4 | 1.4 | 0.4 | -41.5% |
| Greece | 1.8 | 0.6 | 0.5 | N/A | -47.3% |
| Others | 12.9 | 6.3 | 13.3 | 6.1 | -22.1% |
| Total | 51.7 | 49.0 | 70.0 | 57.9 | 3.8% |
Top Export Markets for Nitrites; Nitrates from Belgium in 2022:
- Greece (undefinedK tons)
- Netherlands (8.8K tons)
- Germany (6.1K tons)
- France (2.9K tons)
- Denmark (2.3K tons)
- Australia (1.4K tons)
- Canada (0.8K tons)
- Mali (0.8K tons)
- United Kingdom (0.7K tons)
- China (0.6K tons)
- Argentina (0.6K tons)
- Italy (0.5K tons)
- Spain (0.3K tons)
Nitrites; Nitrates Imports in Belgium
In 2022, after three years of growth, there was significant decline in overseas purchases of nitrites; nitrateses, when their volume decreased by -52.5% to 26K tons. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
In value terms, nitrites; nitrates imports reduced dramatically to $36M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12%.
| Import of Nitrites; Nitrates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 8.8 | 10.6 | 17.0 | 16.0 | 22.1% |
| Netherlands | 17.6 | 21.8 | 14.6 | 8.8 | -20.6% |
| France | 0.4 | 0.6 | 3.6 | 3.8 | 111.8% |
| Germany | 2.0 | 1.3 | 1.6 | 2.4 | 6.3% |
| Belarus | N/A | N/A | 0.4 | 1.5 | 275.0% |
| Denmark | 2.2 | 2.7 | 3.7 | 1.0 | -23.1% |
| China | 2.3 | 1.9 | 2.0 | 0.7 | -32.7% |
| Others | 3.2 | 1.8 | 2.9 | 1.8 | -17.5% |
| Total | 36.5 | 40.9 | 45.8 | 36.0 | -0.5% |
Top Suppliers of Nitrites; Nitrates to Belgium in 2022:
- Jordan (12.0K tons)
- Netherlands (7.3K tons)
- Germany (1.6K tons)
- Belarus (1.5K tons)
- Denmark (1.0K tons)
- France (0.9K tons)
- China (0.6K tons)
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1355
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