Nitrites; Nitrates Price in Tanzania - 2022
Contents:
- Nitrites; Nitrates Price in Tanzania (CIF) - 2022
- Nitrites; Nitrates Price in Tanzania (FOB) - 2022
- Nitrites; Nitrates Imports in Tanzania
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 64.2 | 59.7 | 134 | 626 | 113.6% |
Belgium | 978 | 461 | 577 | 190 | -42.1% |
United Arab Emirates | 32.7 | 74.1 | 85.6 | 77.5 | 33.3% |
India | 7.7 | 28.9 | 39.6 | 43.4 | 78.0% |
South Africa | 6.6 | 56.2 | 58.7 | 37.1 | 77.8% |
Poland | 28.4 | 16.9 | 20.4 | 3.5 | -50.2% |
Jordan | 69.3 | 46.8 | 64.5 | N/A | -3.5% |
Turkey | 179 | 113 | 145 | N/A | -10.0% |
Others | 908 | 250 | 395 | 10.5 | -77.4% |
Total | 2,274 | 1,106 | 1,520 | 988 | -24.3% |
Top Suppliers of Nitrites; Nitrates to Tanzania in 2022:
- China (307.8 tons)
- Belgium (65.4 tons)
- United Arab Emirates (21.4 tons)
- India (13.0 tons)
- South Africa (12.5 tons)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 61.0 | 56.0 | 27.1 | 131 | 29.0% |
Democratic Republic of the Congo | 25.2 | 23.9 | 14.7 | 99.9 | 58.3% |
China | N/A | N/A | N/A | 12.4 | 0% |
Burundi | N/A | 0.3 | 0.9 | 9.9 | 474.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 86.2 | 80.3 | 42.7 | 253 | 43.2% |
Top Export Markets for Nitrites; Nitrates from Tanzania in 2022:
- Zambia (40.0 tons)
- Democratic Republic of the Congo (17.2 tons)
- Burundi (9.4 tons)
- China (3.0 tons)
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