Nitrites; Nitrates Price in Tanzania - 2022

Contents:

  1. Nitrites; Nitrates Price in Tanzania (CIF) - 2022
  2. Nitrites; Nitrates Price in Tanzania (FOB) - 2022
  3. Nitrites; Nitrates Imports in Tanzania
  4. Nitrites; Nitrates Exports in Tanzania

Nitrites; Nitrates Price in Tanzania (CIF) - 2022

The average nitrites; nitrates import price stood at $2,245 per ton in 2022, picking up by 107% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($3,627 per ton), while the price for Poland ($293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in Tanzania (FOB) - 2022

In 2022, the average nitrites; nitrates export price amounted to $3,633 per ton, falling by -26.2% against the previous year. Overall, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 46%. The export price peaked at $6,156 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($5,810 per ton), while the average price for exports to Burundi ($1,054 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 Kenya (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrites; Nitrates Imports in Tanzania

Nitrites; nitrates imports into Tanzania fell notably to 440 tons in 2022, which is down by -68.7% compared with the previous year. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24%.

In value terms, nitrites; nitrates imports contracted remarkably to $988K in 2022. In general, imports saw a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year.

Import of Nitrites; Nitrates in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China64.259.7134626113.6%
Belgium978461577190-42.1%
United Arab Emirates32.774.185.677.533.3%
India7.728.939.643.478.0%
South Africa6.656.258.737.177.8%
Poland28.416.920.43.5-50.2%
Jordan69.346.864.5N/A-3.5%
Turkey179113145N/A-10.0%
Others90825039510.5-77.4%
Total2,2741,1061,520988-24.3%

Top Suppliers of Nitrites; Nitrates to Tanzania in 2022:

  1. China (307.8 tons)
  2. Belgium (65.4 tons)
  3. United Arab Emirates (21.4 tons)
  4. India (13.0 tons)
  5. South Africa (12.5 tons)
  6. Poland (11.9 tons)

Nitrites; Nitrates Exports in Tanzania

In 2022, the amount of nitrites; nitrateses exported from Tanzania soared to 70 tons, rising by 703% against the previous year. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates exports surged to $253K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nitrites; Nitrates in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zambia61.056.027.113129.0%
Democratic Republic of the Congo25.223.914.799.958.3%
ChinaN/AN/AN/A12.40%
BurundiN/A0.30.99.9474.5%
OthersN/AN/AN/AN/A0%
Total86.280.342.725343.2%

Top Export Markets for Nitrites; Nitrates from Tanzania in 2022:

  1. Zambia (40.0 tons)
  2. Democratic Republic of the Congo (17.2 tons)
  3. Burundi (9.4 tons)
  4. China (3.0 tons)

Source: IndexBox Market Intelligence Platform

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