Nitrites; Nitrates Price in Ecuador - 2022
Contents:
- Nitrites; Nitrates Price in Ecuador (CIF) - 2022
- Nitrites; Nitrates Price in Ecuador (FOB) - 2022
- Nitrites; Nitrates Imports in Ecuador
- Nitrites; Nitrates Exports in Ecuador
Nitrites; Nitrates Price in Ecuador (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $714 per ton, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54% against the previous year. The import price peaked at $911 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,629 per ton), while the price for Poland ($337 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 (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Nitrites; Nitrates Price in Ecuador (FOB) - 2022
The average nitrites; nitrates export price stood at $646 per ton in 2022, approximately reflecting the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 decreased by -27.7% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 48% against the previous year. As a result, the export price attained the peak level of $893 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($858 per ton), while the average price for exports to Peru totaled $615 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.9%), while the prices for the other major destinations experienced a decline.
Nitrites; Nitrates Imports in Ecuador
In 2022, after two years of decline, there was significant growth in overseas purchases of nitrites; nitrateses, when their volume increased by 26% to 5.5K tons. In general, imports, however, showed a dramatic shrinkage.
In value terms, nitrites; nitrates imports skyrocketed to $4M in 2022. Overall, imports, however, saw a precipitous slump.
| Import of Nitrites; Nitrates in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 4,679 | 2,408 | 84.0 | 2,838 | -15.4% |
| China | 1,865 | 456 | 544 | 391 | -40.6% |
| Colombia | 1,167 | 768 | 712 | 228 | -42.0% |
| Russia | 243 | 147 | 393 | 112 | -22.8% |
| Israel | 532 | 232 | 147 | 56.1 | -52.8% |
| Poland | 568 | 244 | 70.1 | 54.5 | -54.2% |
| Jordan | 580 | 182 | 89.1 | 49.0 | -56.1% |
| Others | 1,769 | 671 | 770 | 231 | -49.3% |
| Total | 11,403 | 5,108 | 2,811 | 3,960 | -29.7% |
Top Suppliers of Nitrites; Nitrates to Ecuador in 2022:
- Chile (3168.2 tons)
- China (1064.5 tons)
- Colombia (527.4 tons)
- Russia (276.1 tons)
- Poland (162.0 tons)
- Israel (109.7 tons)
- Jordan (37.9 tons)
Nitrites; Nitrates Exports in Ecuador
In 2022, the amount of nitrites; nitrateses exported from Ecuador declined sharply to 101 tons, falling by -32.7% compared with the previous year. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 188% against the previous year.
In value terms, nitrites; nitrates exports declined markedly to $65K in 2022. Overall, exports faced a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 182%.
| Export of Nitrites; Nitrates in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 101 | 31.7 | 79.9 | 54.1 | -18.8% |
| Guatemala | N/A | N/A | N/A | 11.2 | 0% |
| Nicaragua | N/A | N/A | 7.4 | N/A | 0% |
| Costa Rica | 34.0 | N/A | N/A | N/A | 0% |
| El Salvador | N/A | 2.5 | 9.0 | N/A | 260.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 135 | 34.2 | 96.3 | 65.3 | -21.5% |
Top Export Markets for Nitrites; Nitrates from Ecuador in 2022:
- Peru (87.9 tons)
- Guatemala (13.1 tons)
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