Nitrites; Nitrates Price in Iraq - 2022
Contents:
- Nitrites; Nitrates Price in Iraq (CIF) - 2022
- Nitrites; Nitrates Price in Iraq (FOB) - 2022
- Nitrites; Nitrates Imports in Iraq
- Nitrites; Nitrates Exports in Iraq
Nitrites; Nitrates Price in Iraq (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $681 per ton, with a decrease of -8.5% against the previous year. Overall, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2019 an increase of 35%. Over the period under review, average import prices attained the maximum at $952 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the United Arab Emirates ($3,992 per ton), while the price for China ($385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Iraq (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $2,163 per ton, stabilizing at the previous year. Overall, the export price showed a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2018 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.
Nitrites; Nitrates Imports in Iraq
In 2022, purchases abroad of nitrites; nitrateses increased by 142% to 48 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a precipitous slump.
In value terms, nitrites; nitrates imports surged to $33K in 2022. Over the period under review, imports, however, saw a precipitous decrease.
| Import of Nitrites; Nitrates in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 35.6 | 25.4 | 3.6 | 14.0 | -26.7% |
| United Arab Emirates | 1.0 | 0.8 | 2.7 | 12.0 | 128.9% |
| China | N/A | 13.3 | 2.9 | 3.4 | -49.4% |
| Jordan | 11.5 | 7.2 | 4.6 | 2.4 | -40.7% |
| Iran | 2.4 | 1.4 | 0.8 | 0.4 | -45.0% |
| Kuwait | 25.2 | N/A | N/A | N/A | 0% |
| Indonesia | 14.4 | N/A | N/A | N/A | 0% |
| Poland | 10.6 | N/A | N/A | N/A | 0% |
| Others | 13.5 | 2.9 | 0.3 | 0.7 | -62.7% |
| Total | 114 | 51.0 | 14.9 | 33.0 | -33.8% |
Top Suppliers of Nitrites; Nitrates to Iraq in 2022:
- Turkey (33.7 tons)
- China (8.8 tons)
- United Arab Emirates (3.0 tons)
- Jordan (2.5 tons)
- Iran (0.3 tons)
Nitrites; Nitrates Exports in Iraq
In 2022, overseas shipments of nitrites; nitrateses decreased by 0% to 392 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2020.
In value terms, nitrites; nitrates exports totaled $848 in 2022. Over the period under review, exports faced a sharp decrease. The smallest decline of 99.9% was in 2020.
| Export of Nitrites; Nitrates in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 0.8 | 0% |
| Turkey | 7.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.4 | N/A | N/A | 0.8 | -52.4% |
Top Export Markets for Nitrites; Nitrates from Iraq in 2022:
- United Arab Emirates (392.0 kg)
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