Nitrites; Nitrates Price in Myanmar - 2022
Contents:
Nitrites; Nitrates Price in Myanmar (CIF) - 2022
The average nitrites; nitrates import price stood at $752 per ton in 2022, declining by -35.9% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 86% against the previous year. The import price peaked at $2,262 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($950 per ton), while the price for China amounted to $694 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-10.3%).
Nitrites; Nitrates Imports in Myanmar
For the fourth consecutive year, Myanmar recorded growth in overseas purchases of nitrites; nitrateses, which increased by 252% to 775 tons in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates imports skyrocketed to $583K in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 202 | 137 | 226 | 449 | 30.5% |
| Bangladesh | N/A | N/A | N/A | 119 | 0% |
| South Korea | N/A | N/A | 5.3 | N/A | 0% |
| Others | 5.8 | 9.5 | 26.9 | 15.8 | 39.7% |
| Total | 208 | 147 | 258 | 583 | 41.0% |
Top Suppliers of Nitrites; Nitrates to Myanmar in 2022:
- China (646.1 tons)
- Bangladesh (125.0 tons)
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1367
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