Nitrites; Nitrates Price in Singapore - 2022
Contents:
- Nitrites; Nitrates Price in Singapore (CIF) - 2022
- Nitrites; Nitrates Price in Singapore (FOB) - 2022
- Nitrites; Nitrates Imports in Singapore
- Nitrites; Nitrates Exports in Singapore
Nitrites; Nitrates Price in Singapore (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,344 per ton, with an increase of 9.7% against the previous year. Overall, the import price, however, recorded a mild curtailment. The growth pace was the most rapid in 2021 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $1,533 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,765 per ton), while the price for China ($569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Singapore (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $2,627 per ton, with an increase of 15% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 71%. As a result, the export price reached the peak level of $4,447 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($6,577 per ton), while the average price for exports to the Philippines ($1,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Singapore
In 2022, approx. 1.4K tons of nitrites; nitrateses were imported into Singapore; jumping by 21% against 2021 figures. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, nitrites; nitrates imports surged to $1.9M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 196 | 133 | 344 | 652 | 49.3% |
| Germany | 272 | 277 | 210 | 363 | 10.1% |
| China | 312 | 441 | 255 | 253 | -6.7% |
| Malaysia | 23.3 | 35.7 | 38.1 | 231 | 114.8% |
| Japan | 159 | 342 | 429 | 168 | 1.9% |
| India | 83.1 | 45.7 | 6.6 | 101 | 6.7% |
| Others | 117 | 93.8 | 162 | 153 | 9.4% |
| Total | 1,163 | 1,368 | 1,444 | 1,921 | 18.2% |
Top Suppliers of Nitrites; Nitrates to Singapore in 2022:
- Germany (457.1 tons)
- China (444.0 tons)
- Malaysia (314.2 tons)
- United States (120.6 tons)
- India (32.1 tons)
- Japan (29.1 tons)
Nitrites; Nitrates Exports in Singapore
Nitrites; nitrates exports from Singapore contracted to 483 tons in 2022, reducing by -10.5% against the previous year. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5.5%.
In value terms, nitrites; nitrates exports expanded slightly to $1.3M in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 12%.
| Export of Nitrites; Nitrates in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 167 | 304 | 455 | 271 | 17.5% |
| China | 254 | 200 | 260 | 230 | -3.3% |
| India | 174 | 213 | 209 | 204 | 5.4% |
| South Korea | 21.0 | 1.0 | 41.7 | 163 | 98.0% |
| Malaysia | 791 | 227 | 111 | 126 | -45.8% |
| Vietnam | 20.8 | 18.1 | 19.3 | 102 | 69.9% |
| Philippines | 17.4 | 34.7 | 6.9 | 72.7 | 61.1% |
| Taiwan (Chinese) | 32.7 | 28.8 | 37.8 | 31.2 | -1.6% |
| Hong Kong SAR | 30.7 | 7.9 | 5.7 | 20.4 | -12.7% |
| Others | 84.1 | 75.3 | 91.7 | 51.2 | -15.2% |
| Total | 1,592 | 1,110 | 1,238 | 1,270 | -7.3% |
Top Export Markets for Nitrites; Nitrates from Singapore in 2022:
- India (101.6 tons)
- China (77.3 tons)
- Philippines (59.6 tons)
- South Korea (57.5 tons)
- Vietnam (56.5 tons)
- Malaysia (50.9 tons)
- Indonesia (41.1 tons)
- Taiwan (Chinese) (16.9 tons)
- Hong Kong SAR (10.7 tons)
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1357
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