Nitrites; Nitrates Price in Colombia - 2022

Contents:

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

Nitrites; Nitrates Price in Colombia (CIF) - 2022

In 2022, the average nitrites; nitrates import price amounted to $963 per ton, growing by 9.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. As a result, import price reached the peak level of $1,082 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($2,115 per ton), while the price for the Czech Republic ($116 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Nitrites; Nitrates Price in Colombia (FOB) - 2022

The average nitrites; nitrates export price stood at $415 per ton in 2022, declining by -36% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 111%. As a result, the export price reached the peak level of $649 per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,280 per ton), while the average price for exports to South Africa ($194 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 Belgium (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrites; Nitrates Imports in Colombia

In 2022, approx. 1.9K tons of nitrites; nitrateses were imported into Colombia; shrinking by -16.3% on 2021. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of 2.3K tons, and then fell rapidly in the following year.

In value terms, nitrites; nitrates imports dropped to $1.8M in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.

Import of Nitrites; Nitrates in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden1,3621,1651,2561,089-7.2%
Chile28414891.4265-2.3%
Germany12880.5123103-7.0%
Jordan12953.876.956.6-24.0%
Belgium0.10.163.746.9676.9%
China40.519.758.824.9-15.0%
Czech Republic5.86.011.319.850.6%
Spain32.619.114.18.4-36.4%
Others248183315228-2.8%
Total2,2311,6752,0101,842-6.2%

Top Suppliers of Nitrites; Nitrates to Colombia in 2022:

  1. Sweden (515.1 tons)
  2. Chile (427.0 tons)
  3. Germany (322.2 tons)
  4. Czech Republic (170.0 tons)
  5. Jordan (153.4 tons)
  6. Belgium (116.0 tons)
  7. China (93.8 tons)
  8. Spain (24.1 tons)

Nitrites; Nitrates Exports in Colombia

In 2022, shipments abroad of nitrites; nitrateses was finally on the rise to reach 1.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp downturn.

In value terms, nitrites; nitrates exports totaled $735K in 2022. Overall, exports, however, faced a sharp descent.

Export of Nitrites; Nitrates in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic516218204197-27.5%
South Africa894257203165-43.1%
Japan60112869.4121-41.4%
Belgium4.41.41.5109191.5%
Others710142247143-41.4%
Total2,726745725735-35.4%

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

  1. South Africa (848.6 tons)
  2. Dominican Republic (518.7 tons)
  3. Japan (215.5 tons)
  4. Belgium (85.4 tons)

Source: IndexBox Market Intelligence Platform

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