Nitrites; Nitrates Price in Iran - 2022
Contents:
- Nitrites; Nitrates Price in Iran (FOB) - 2022
- Nitrites; Nitrates Price in Iran (CIF) - 2022
- Nitrites; Nitrates Exports in Iran
- Nitrites; Nitrates Imports in Iran
Nitrites; Nitrates Price in Iran (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $6,463 per ton, surging by 120% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2015 an increase of 135%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($3,106 per ton), while the average price for exports to Turkey stood at $3,106 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+18.6%).
Nitrites; Nitrates Price in Iran (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $977 per ton, shrinking by -25.8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +61.8% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. As a result, import price attained the peak level of $1,317 per ton, and then reduced sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,271 per ton), while the price for Uzbekistan ($672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Nitrites; Nitrates Exports in Iran
In 2022, the amount of nitrites; nitrateses exported from Iran contracted dramatically to 61 tons, falling by -35.7% compared with 2021. Overall, exports continue to indicate a significant decline.
In value terms, nitrites; nitrates exports soared to $396K in 2022. Over the period under review, exports continue to indicate a sharp downturn.
| Export of Nitrites; Nitrates in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 0.6 | 118 | 19566.7% |
| Poland | N/A | N/A | N/A | 60.5 | 0% |
| Armenia | N/A | N/A | 279 | N/A | 0% |
| Azerbaijan | 934 | 512 | N/A | N/A | -45.2% |
| Others | N/A | N/A | N/A | 217 | 0% |
| Total | 934 | 512 | 280 | 396 | -24.9% |
Top Export Markets for Nitrites; Nitrates from Iran in 2022:
- Turkey (38.0 tons)
- Poland (19.5 tons)
Nitrites; Nitrates Imports in Iran
In 2022, supplies from abroad of nitrites; nitrateses was finally on the rise to reach 384 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a precipitous descent.
In value terms, nitrites; nitrates imports skyrocketed to $375K in 2022. In general, imports, however, showed a dramatic decrease.
| Import of Nitrites; Nitrates in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 136 | 0% |
| China | 449 | 256 | 50.9 | 125 | -34.7% |
| Turkey | 301 | 130 | 26.4 | 61.3 | -41.2% |
| United Arab Emirates | 18.9 | 31.2 | 0.2 | N/A | -89.7% |
| Others | 251 | 167 | 87.6 | 52.8 | -40.5% |
| Total | 1,021 | 585 | 165 | 375 | -28.4% |
Top Suppliers of Nitrites; Nitrates to Iran in 2022:
- Uzbekistan (201.8 tons)
- China (133.6 tons)
- Turkey (48.3 tons)
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