Nitrites; Nitrates Price in Bulgaria - 2023
Contents:
- Nitrites; Nitrates Price in Bulgaria (CIF) - 2022
- Nitrites; Nitrates Price in Bulgaria (FOB) - 2022
- Nitrites; Nitrates Imports in Bulgaria
- Nitrites; Nitrates Exports in Bulgaria
Nitrites; Nitrates Price in Bulgaria (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,226 per ton, jumping by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. 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 ($1,609 per ton), while the price for Norway ($734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Bulgaria (FOB) - 2022
The average nitrites; nitrates export price stood at $968 per ton in 2022, declining by -76% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 425%. As a result, the export price attained the peak level of $4,038 per ton, and then shrank sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($16,820 per ton), while the average price for exports to Turkey ($841 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+1,762.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Bulgaria
In 2022, after three years of growth, there was significant decline in purchases abroad of nitrites; nitrateses, when their volume decreased by -31.3% to 1.6K tons. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 13%.
In value terms, nitrites; nitrates imports expanded to $1.9M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Nitrites; Nitrates in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 788 | 820 | 605 | 392 | -20.8% |
| Belgium | 169 | 173 | 170 | 332 | 25.2% |
| Netherlands | 11.0 | 4.2 | 46.9 | 318 | 206.9% |
| Jordan | 236 | 223 | 271 | 190 | -7.0% |
| China | 123 | 208 | 71.6 | 159 | 8.9% |
| Poland | 55.0 | 70.5 | 95.7 | 146 | 38.5% |
| Norway | 59.6 | 29.5 | 103 | 141 | 33.2% |
| Others | 179 | 370 | 485 | 251 | 11.9% |
| Total | 1,620 | 1,899 | 1,848 | 1,929 | 6.0% |
Top Suppliers of Nitrites; Nitrates to Bulgaria in 2022:
- Greece (297.1 tons)
- Netherlands (237.9 tons)
- Belgium (226.3 tons)
- Norway (192.0 tons)
- Jordan (168.0 tons)
- China (133.5 tons)
- Poland (121.7 tons)
Nitrites; Nitrates Exports in Bulgaria
In 2022, overseas shipments of nitrites; nitrateses were finally on the rise to reach 26 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic shrinkage.
In value terms, nitrites; nitrates exports surged to $25K in 2022. In general, exports, however, recorded a dramatic contraction.
| Export of Nitrites; Nitrates in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 19.3 | 0% |
| North Macedonia | N/A | 2.6 | 5.5 | 3.7 | 19.3% |
| Germany | 12.9 | N/A | N/A | N/A | 0% |
| Iran | 18.9 | 1.1 | N/A | N/A | -94.2% |
| Romania | 118 | 14.3 | N/A | N/A | -87.9% |
| Others | 2.9 | 2.8 | 12.7 | 1.7 | -16.3% |
| Total | 153 | 20.8 | 18.1 | 24.7 | -45.5% |
Top Export Markets for Nitrites; Nitrates from Bulgaria in 2022:
- Turkey (23.0 tons)
- North Macedonia (2.4 tons)
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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...
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