Nitrites; Nitrates Price in Germany - 2023
Contents:
- Nitrites; Nitrates Price in Germany (FOB) - 2022
- Nitrites; Nitrates Price in Germany (CIF) - 2022
- Nitrites; Nitrates Exports in Germany
- Nitrites; Nitrates Imports in Germany
Nitrites; Nitrates Price in Germany (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $2,515 per ton, with an increase of 15% against the previous year. In general, the export price, however, saw a abrupt curtailment. Over the period under review, the average export prices attained the peak figure at $5,274 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,419 per ton), while the average price for exports to Switzerland ($530 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 France (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrites; Nitrates Price in Germany (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $725 per ton, rising by 7.5% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2017 an increase of 16% against the previous year. The import price peaked at $1,095 per ton in 2014; however, from 2015 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 France ($2,110 per ton), while the price for Norway ($101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Exports in Germany
In 2022, shipments abroad of nitrites; nitrateses decreased by -72.5% to 8.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 223% against the previous year.
In value terms, nitrites; nitrates exports declined remarkably to $21M in 2022. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 177%.
| Export of Nitrites; Nitrates in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 10.4 | 9.5 | 4.6 | 5.7% |
| France | 2.3 | 3.0 | 4.3 | 1.7 | -9.6% |
| Netherlands | 0.9 | 1.9 | 2.5 | 1.5 | 18.6% |
| Czech Republic | 0.7 | 2.2 | 3.0 | 1.3 | 22.9% |
| Sweden | 0.5 | 1.3 | 1.3 | 1.3 | 37.5% |
| Austria | 1.3 | 2.9 | 4.9 | 1.2 | -2.6% |
| Spain | 1.4 | 3.4 | 2.9 | 0.9 | -13.7% |
| Italy | 0.5 | 1.2 | 1.8 | 0.7 | 11.9% |
| Switzerland | 0.8 | 2.3 | 2.7 | 0.7 | -4.4% |
| Belgium | 0.7 | 0.7 | 1.1 | 0.6 | -5.0% |
| Finland | 0.1 | 0.3 | 0.4 | 0.2 | 26.0% |
| Lithuania | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Latvia | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 9.4 | 32.5 | 32.4 | 6.2 | -13.0% |
| Total | 22.6 | 62.5 | 67.2 | 21.2 | -2.1% |
Top Export Markets for Nitrites; Nitrates from Germany in 2022:
- Netherlands (2221.0 tons)
- Switzerland (1228.0 tons)
- Sweden (1020.9 tons)
- Austria (719.8 tons)
- United States (486.2 tons)
- France (371.2 tons)
- Belgium (245.7 tons)
- Czech Republic (245.6 tons)
- Spain (219.1 tons)
- Italy (199.8 tons)
- Latvia (191.4 tons)
- Finland (149.7 tons)
- Lithuania (140.4 tons)
Nitrites; Nitrates Imports in Germany
In 2022, nitrites; nitrates imports into Germany soared to 84K tons, increasing by 41% against the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates imports surged to $61M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 12.7 | 9.7 | 9.9 | 12.3 | -1.1% |
| France | 4.1 | 2.4 | 3.5 | 7.5 | 22.3% |
| Netherlands | 5.4 | 3.3 | 4.5 | 6.8 | 8.0% |
| Poland | 1.9 | 2.1 | 3.4 | 6.5 | 50.7% |
| Norway | 2.1 | 2.1 | 2.5 | 4.6 | 29.9% |
| India | 1.0 | 0.9 | 0.7 | 3.3 | 48.9% |
| Israel | 0.4 | 0.1 | 0.9 | 3.2 | 100.0% |
| Denmark | 3.1 | 1.9 | 2.6 | 2.2 | -10.8% |
| United States | 3.9 | 1.8 | 2.5 | 1.8 | -22.7% |
| Russia | 2.3 | 1.7 | 1.2 | 0.4 | -44.2% |
| Others | 6.9 | 6.9 | 8.3 | 12.0 | 20.3% |
| Total | 43.7 | 32.9 | 40.1 | 60.6 | 11.5% |
Top Suppliers of Nitrites; Nitrates to Germany in 2022:
- Norway (45.5K tons)
- Belgium (6.6K tons)
- India (5.9K tons)
- Netherlands (5.8K tons)
- Poland (4.1K tons)
- France (3.6K tons)
- Israel (2.2K tons)
- Denmark (1.5K tons)
- United States (0.8K tons)
- Russia (0.4K tons)
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