Nitrites; Nitrates Price in Ireland - 2023

Nitrites; Nitrates Price in Ireland (CIF) - 2023

In August 2023, the average nitrites; nitrates import price amounted to $10,467 per ton, waning by -7.7% against the previous month. Overall, the import price, however, saw a temperate expansion. The growth pace was the most rapid in December 2022 when the average import price increased by 136% against the previous month. The import price peaked at $19,548 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($17,832 per ton), while the price for Chile ($1,429 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in Ireland (FOB) - 2023

In August 2023, the average nitrites; nitrates export price amounted to $773 per ton, with a decrease of -8.5% against the previous month. In general, the export price showed a perceptible setback. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 9.7% month-to-month. The export price peaked at $1,380 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From August 2022 to August 2023, the rate of growth in terms of prices for France amounted to +2.1% per month.

Nitrites; Nitrates Imports in Ireland

In 2022, the amount of nitrites; nitrateses imported into Ireland was estimated at 296 tons, remaining constant against the year before. Over the period under review, imports recorded a abrupt descent. The smallest decline of -7.4% was in 2020.

In value terms, nitrites; nitrates imports totaled $2.8M in 2022. In general, imports saw a abrupt slump. The smallest decline of -7.6% was in 2020.

Import of Nitrites; Nitrates in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,838	2,254	N/A	1,385	-9.0%
United Kingdom	1,399	527	N/A	519	-28.1%
China	74.8	0.2	N/A	441	80.7%
Chile	N/A	N/A	N/A	173	0%
Netherlands	63.1	58.4	N/A	49.1	-8.0%
Norway	33.5	22.5	N/A	38.7	4.9%
Israel	22.3	N/A	N/A	37.9	19.3%
Hong Kong SAR	458	582	N/A	N/A	27.1%
Others	54.2	200	N/A	136	35.9%
Total	3,942	3,644	N/A	2,779	-11.0%

Top Suppliers of Nitrites; Nitrates to Ireland in 2022:

Germany (103.8 tons)
United Kingdom (69.1 tons)
Chile (53.1 tons)
Israel (24.0 tons)
China (23.1 tons)
Norway (5.2 tons)
Netherlands (4.7 tons)

Nitrites; Nitrates Exports in Ireland

In 2022, overseas shipments of nitrites; nitrateses decreased by 0% to 2.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 135% against the previous year. As a result, the exports reached the peak of 5.8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrites; nitrates exports totaled $2.8M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 115% against the previous year. As a result, the exports attained the peak of $2.8M; afterwards, it flattened through to 2022.