Nitrites; Nitrates Price in Guatemala - 2023

Contents:

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

Nitrites; Nitrates Price in Guatemala (CIF) - 2022

The average nitrites; nitrates import price stood at $1,288 per ton in 2022, surging by 213% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Israel ($1,601 per ton), while the price for Colombia ($226 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Nitrites; Nitrates Price in Guatemala (FOB) - 2022

In 2022, the average nitrites; nitrates export price amounted to $459 per ton, waning by -33.9% against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 48%. The export price peaked at $850 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($706 per ton), while the average price for exports to Honduras ($116 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 Belize (+4.0%), while the prices for the other major destinations experienced a decline.

Nitrites; Nitrates Imports in Guatemala

In 2022, imports of nitrites; nitrateses into Guatemala declined remarkably to 2.9K tons, reducing by -73.7% compared with the previous year's figure. In general, imports showed a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.2% against the previous year.

In value terms, nitrites; nitrates imports fell dramatically to $3.7M in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.

Import of Nitrites; Nitrates in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile3923161,2481,49956.4%
IsraelN/A1463311,212188.1%
China1,4421,688420704-21.3%
EcuadorN/AN/AN/A1050%
Colombia2,0311201110.8-92.7%
Norway4541,3881,901N/A104.6%
Jordan257253133N/A-28.1%
Others46.371.434816653.1%
Total4,6223,9844,4913,687-7.3%

Top Suppliers of Nitrites; Nitrates to Guatemala in 2022:

  1. Chile (1197.2 tons)
  2. Israel (757.4 tons)
  3. China (715.2 tons)
  4. Ecuador (130.5 tons)
  5. Colombia (3.7 tons)

Nitrites; Nitrates Exports in Guatemala

In 2022, exports of nitrites; nitrateses from Guatemala skyrocketed to 716 tons, jumping by 750% against the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates exports surged to $329K in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 485% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Nitrites; Nitrates in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua0.1N/A34.32161192.7%
El Salvador12.580.010.764.472.7%
Honduras0.5N/AN/A25.0268.4%
Costa Rica1.1N/AN/A22.9175.1%
Others0.44.513.50.40.0%
Total14.484.558.6329183.8%

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

  1. Nicaragua (306.0 tons)
  2. Honduras (215.9 tons)
  3. El Salvador (156.1 tons)
  4. Costa Rica (37.9 tons)

Source: IndexBox Market Intelligence Platform

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