Nitrites; Nitrates Price in Libya - 2022
Contents:
Nitrites; Nitrates Price in Libya (CIF) - 2022
The average nitrites; nitrates import price stood at $1,088 per ton in 2022, falling by -49.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 119%. As a result, import price attained the peak level of $2,154 per ton, and then declined dramatically in the following year.
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 Turkey ($1,503 per ton), while the price for Belgium ($793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Imports in Libya
In 2022, the amount of nitrites; nitrateses imported into Libya skyrocketed to 292 tons, rising by 82% compared with 2021. Overall, imports saw a buoyant expansion.
In value terms, nitrites; nitrates imports shrank to $318K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45%.
| Import of Nitrites; Nitrates in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 13.8 | 45.5 | 128 | 87.2 | 84.9% |
| Netherlands | 72.0 | 95.4 | 10.6 | 54.8 | -8.7% |
| China | N/A | N/A | N/A | 29.3 | 0% |
| Turkey | 24.2 | 2.4 | 10.9 | 4.1 | -44.7% |
| Others | 89.9 | 146 | 197 | 142 | 16.5% |
| Total | 200 | 289 | 346 | 318 | 16.7% |
Top Suppliers of Nitrites; Nitrates to Libya in 2022:
- Belgium (110.1 tons)
- Netherlands (52.9 tons)
- China (26.4 tons)
- Turkey (2.8 tons)
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