Nitrites; Nitrates Price in Slovakia - 2023
Contents:
- Nitrites; Nitrates Price in Slovakia (CIF) - 2022
- Nitrites; Nitrates Price in Slovakia (FOB) - 2022
- Nitrites; Nitrates Imports in Slovakia
- Nitrites; Nitrates Exports in Slovakia
Nitrites; Nitrates Price in Slovakia (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,146 per ton, which is down by -25% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price decreased by -40.6% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 72%. Over the period under review, average import prices hit record highs at $2,200 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 Spain ($3,935 per ton), while the price for Lithuania ($295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Slovakia (FOB) - 2022
The average nitrites; nitrates export price stood at $5,876 per ton in 2022, increasing by 33% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 146%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($6,929 per ton), while the average price for exports to Hungary ($5,831 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 Austria (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Slovakia
Nitrites; nitrates imports into Slovakia soared to 5.2K tons in 2022, with an increase of 29% against the year before. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, nitrites; nitrates imports reduced to $6M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year.
| Import of Nitrites; Nitrates in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 21.0 | 9.0 | 4.7 | 1,681 | 331.0% |
| Spain | N/A | 0.1 | 222 | 1,547 | 12337.8% |
| Germany | 3,246 | 4,354 | 4,300 | 1,322 | -25.9% |
| India | 0.9 | 0.8 | 0.3 | 356 | 634.1% |
| Poland | 35.7 | 139 | 328 | 207 | 79.7% |
| Czech Republic | 204 | 186 | 179 | 197 | -1.2% |
| Belgium | 123 | 163 | 198 | 195 | 16.6% |
| Lithuania | 6.6 | 189 | 263 | 99.8 | 147.3% |
| Russia | 154 | 94.0 | 279 | 27.9 | -43.4% |
| Romania | 134 | 128 | 127 | N/A | -2.6% |
| Others | 141 | 143 | 322 | 370 | 37.9% |
| Total | 4,066 | 5,407 | 6,223 | 6,004 | 13.9% |
Top Suppliers of Nitrites; Nitrates to Slovakia in 2022:
- France (2827.5 tons)
- Spain (393.0 tons)
- India (358.4 tons)
- Lithuania (338.8 tons)
- Germany (336.8 tons)
- Czech Republic (284.4 tons)
- Poland (254.7 tons)
- Belgium (136.8 tons)
- Russia (24.0 tons)
Nitrites; Nitrates Exports in Slovakia
In 2022, nitrites; nitrates exports from Slovakia fell remarkably to 1.7 tons, which is down by -26.4% compared with the year before. Over the period under review, exports continue to indicate a precipitous slump.
In value terms, nitrites; nitrates exports fell to $10K in 2022. Overall, exports faced a dramatic setback.
| Export of Nitrites; Nitrates in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 17.3 | 11.0 | 9.7 | 9.7 | -17.5% |
| Czech Republic | 5.1 | 1.1 | 0.6 | 0.5 | -53.9% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 22.5 | 12.2 | 10.4 | 10.2 | -23.2% |
Top Export Markets for Nitrites; Nitrates from Slovakia in 2022:
- Hungary (1666.0 kg)
- Czech Republic (70.0 kg)
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1371
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