Nitrites; Nitrates Price in Pakistan - 2023
Contents:
- Nitrites; Nitrates Price in Pakistan (CIF) - 2023
- Nitrites; Nitrates Price in Pakistan (FOB) - 2022
- Nitrites; Nitrates Imports in Pakistan
- Nitrites; Nitrates Exports in Pakistan
Nitrites; Nitrates Price in Pakistan (CIF) - 2023
In April 2023, the average nitrites; nitrates import price amounted to $1,249 per ton, growing by 29% against the previous month. Overall, import price indicated slight growth from April 2022 to April 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, nitrites; nitrates import price decreased by -37.5% against January 2023 indices. The growth pace was the most rapid in December 2022 when the average import price increased by 64% against the previous month. Over the period under review, average import prices reached the maximum at $2,000 per ton in January 2023; however, from February 2023 to April 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From April 2022 to April 2023, the rate of growth in terms of prices for China amounted to +7.6% per month.
Nitrites; Nitrates Price in Pakistan (FOB) - 2022
The average nitrites; nitrates export price stood at $649 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $819 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($500 per ton), while the average price for exports to the United Arab Emirates amounted to $361 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.4%).
Nitrites; Nitrates Imports in Pakistan
Nitrites; nitrates imports into Pakistan reached 2.2K tons in 2022, surging by 5.4% against 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 165%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, nitrites; nitrates imports expanded markedly to $4.6M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +84.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nitrites; Nitrates in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,831 | 1,013 | 1,919 | 2,289 | 7.7% |
| Jordan | 90.9 | 350 | 985 | 941 | 117.9% |
| Germany | 258 | 249 | 502 | 494 | 24.2% |
| France | 44.8 | 196 | 252 | 256 | 78.8% |
| Chile | 37.9 | 152 | 158 | 234 | 83.5% |
| Netherlands | 121 | 97.2 | 104 | 107 | -4.0% |
| Russia | 88.5 | 41.7 | 20.8 | 52.2 | -16.1% |
| United Arab Emirates | 282 | 203 | 159 | 26.3 | -54.7% |
| Malaysia | 9.8 | 19.9 | 23.9 | 22.8 | 32.5% |
| Others | 253 | 195 | 201 | 214 | -5.4% |
| Total | 3,016 | 2,516 | 4,323 | 4,636 | 15.4% |
Top Suppliers of Nitrites; Nitrates to Pakistan in 2022:
- China (990.3 tons)
- Jordan (483.3 tons)
- Germany (217.3 tons)
- Netherlands (130.5 tons)
- Chile (110.3 tons)
- Malaysia (51.9 tons)
- France (40.5 tons)
- Russia (32.4 tons)
- United Arab Emirates (6.7 tons)
Nitrites; Nitrates Exports in Pakistan
In 2022, after three years of growth, there was significant decline in overseas shipments of nitrites; nitrateses, when their volume decreased by -8.3% to 106 tons. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 20% against the previous year.
In value terms, nitrites; nitrates exports fell to $69K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $75K, and then fell in the following year.
| Export of Nitrites; Nitrates in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.2 | 44.6 | 52.3 | 46.7 | 144.4% |
| United Arab Emirates | 0.3 | 4.2 | 4.8 | 4.1 | 139.1% |
| Germany | 47.6 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 13.6 | 17.8 | 17.7 | 169.9% |
| Total | 51.9 | 62.3 | 74.8 | 68.6 | 9.7% |
Top Export Markets for Nitrites; Nitrates from Pakistan in 2022:
- Malaysia (93.4 tons)
- United Arab Emirates (11.5 tons)
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