Nitrites; Nitrates Price in Nepal - 2022
Contents:
Nitrites; Nitrates Price in Nepal (CIF) - 2022
The average nitrites; nitrates import price stood at $1,357 per ton in 2022, jumping by 20% against the previous year. Overall, the import price, however, saw a perceptible decrease. Over the period under review, average import prices reached the maximum at $2,197 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.7% per year.
Nitrites; Nitrates Imports in Nepal
After three years of growth, supplies from abroad of nitrites; nitrateses decreased by -17.5% to 23 tons in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year.
In value terms, nitrites; nitrates imports contracted modestly to $31K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +87.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 85%.
| Import of Nitrites; Nitrates in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.4 | 30.4 | 31.0 | 27.5 | 18.8% |
| Others | N/A | N/A | N/A | 3.2 | 0% |
| Total | 16.4 | 30.4 | 31.0 | 30.7 | 23.2% |
Top Suppliers of Nitrites; Nitrates to Nepal in 2022:
- India (22.5 tons)
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