Nitrites; Nitrates Price in South Africa - 2023
Contents:
- Nitrites; Nitrates Price in South Africa (CIF) - 2022
- Nitrites; Nitrates Price in South Africa (FOB) - 2022
- Nitrites; Nitrates Imports in South Africa
- Nitrites; Nitrates Exports in South Africa
Nitrites; Nitrates Price in South Africa (CIF) - 2022
The average nitrites; nitrates import price stood at $1,061 per ton in 2022, with an increase of 143% against the previous year. Overall, the import price showed a noticeable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Chile ($1,322 per ton), while the price for Norway ($234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in South Africa (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $1,012 per ton, increasing by 14% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 129% against the previous year. Over the period under review, the average export prices attained the maximum at $1,353 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($1,857 per ton), while the average price for exports to Mauritania ($285 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 Namibia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in South Africa
In 2022, after three years of growth, there was significant decline in purchases abroad of nitrites; nitrateses, when their volume decreased by -49.5% to 51K tons. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year.
In value terms, nitrites; nitrates imports skyrocketed to $54M in 2022. The total import value increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 20.2 | 15.9 | 15.7 | 26.5 | 9.5% |
| China | 6.9 | 12.3 | 7.9 | 8.3 | 6.4% |
| Jordan | 4.6 | 4.2 | 3.5 | 6.9 | 14.5% |
| Germany | 1.2 | 1.4 | 3.0 | 2.6 | 29.4% |
| Norway | 2.4 | 2.4 | 3.7 | 1.5 | -14.5% |
| Others | 2.7 | 6.9 | 10.6 | 8.7 | 47.7% |
| Total | 37.9 | 43.1 | 44.4 | 54.4 | 12.8% |
Top Suppliers of Nitrites; Nitrates to South Africa in 2022:
- Chile (20.0K tons)
- China (15.1K tons)
- Norway (6.5K tons)
- Jordan (5.8K tons)
- Germany (2.2K tons)
Nitrites; Nitrates Exports in South Africa
In 2022, overseas shipments of nitrites; nitrateses decreased by -33.5% to 7.5K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitrites; nitrates exports fell sharply to $7.5M in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Nitrites; Nitrates in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 0.9 | 1.2 | 3.7 | 3.0 | 49.4% |
| Senegal | 0.4 | 1.6 | 0.4 | 1.2 | 44.2% |
| Mali | 1.7 | 1.2 | 0.4 | 0.6 | -29.3% |
| Zambia | 0.2 | 0.4 | 2.7 | 0.5 | 35.7% |
| Namibia | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Zimbabwe | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Mauritania | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| United Kingdom | N/A | 0.5 | N/A | N/A | 0% |
| Indonesia | 0.6 | 1.3 | 1.3 | N/A | 47.2% |
| United States | 3.1 | 6.7 | N/A | N/A | 116.1% |
| Others | 3.7 | 1.7 | 0.9 | 1.2 | -31.3% |
| Total | 11.1 | 15.1 | 10.0 | 7.5 | -12.3% |
Top Export Markets for Nitrites; Nitrates from South Africa in 2022:
- Senegal (2306.4 tons)
- Ghana (1591.2 tons)
- Mali (936.6 tons)
- Zambia (911.3 tons)
- Namibia (426.1 tons)
- Mauritania (329.6 tons)
- Zimbabwe (238.3 tons)
- United States (0.3 tons)
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180
In December 2022, nitrite prices reached $1,537 per ton on a Cost Insurance and Freight (CIF) basis in South Africa, a 60% rise compared to the previous month.
1039
In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1367
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
949
In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
663
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
