Nitrites; Nitrates Price in the United States - 2023
Contents:
- Nitrites; Nitrates Price in the United States (CIF) - 2022
- Nitrites; Nitrates Price in the United States (FOB) - 2023
- Nitrites; Nitrates Imports in the United States
- Nitrites; Nitrates Exports in the United States
Nitrites; Nitrates Price in the United States (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $690 per ton, picking up by 44% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 61%. As a result, import price attained the peak level of $1,032 per ton. From 2015 to 2022, the average 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 China ($1,389 per ton), while the price for Norway ($175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in the United States (FOB) - 2023
The average nitrites; nitrates export price stood at $860 per ton in October 2023, falling by -3.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 15% month-to-month. The export price peaked at $929 per ton in October 2022; however, from November 2022 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,586 per ton), while the average price for exports to Thailand ($478 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.1%), while the prices for the other major destinations experienced a decline.
Nitrites; Nitrates Imports in the United States
In 2022, the amount of nitrites; nitrateses imported into the United States rose rapidly to 223K tons, surging by 7.7% against the previous year's figure. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nitrites; nitrates imports skyrocketed to $154M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +75.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 65.1 | 50.1 | 58.2 | 100 | 15.4% |
| Norway | 10.3 | 5.2 | 6.8 | 13.2 | 8.6% |
| China | 11.1 | 7.5 | 5.3 | 8.3 | -9.2% |
| Germany | 8.5 | 9.0 | 6.7 | 8.0 | -2.0% |
| India | 5.6 | 5.6 | 7.4 | 6.9 | 7.2% |
| France | N/A | 0.1 | 2.3 | 3.0 | 447.7% |
| Israel | 0.2 | 1.2 | 0.6 | 2.6 | 135.1% |
| Jordan | 0.8 | 1.8 | 2.0 | 1.5 | 23.3% |
| Poland | 0.8 | 1.5 | 0.9 | 1.4 | 20.5% |
| Others | 5.0 | 5.9 | 8.8 | 8.9 | 21.2% |
| Total | 107 | 87.8 | 99.1 | 154 | 12.9% |
Top Suppliers of Nitrites; Nitrates to the United States in 2022:
- Chile (82.0K tons)
- Norway (75.3K tons)
- Germany (20.6K tons)
- Israel (8.1K tons)
- India (7.7K tons)
- China (5.9K tons)
- Jordan (5.0K tons)
- Poland (4.3K tons)
- France (3.8K tons)
Nitrites; Nitrates Exports in the United States
In 2022, approx. 58K tons of nitrites; nitrateses were exported from the United States; picking up by 27% against 2021. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates exports soared to $55M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.4 | 14.5 | 18.4 | 26.7 | 20.1% |
| Mexico | 8.9 | 8.5 | 10.2 | 12.7 | 12.6% |
| South Korea | 0.8 | 1.2 | 1.1 | 1.3 | 17.6% |
| Others | 18.4 | 9.9 | 12.7 | 14.1 | -8.5% |
| Total | 43.4 | 34.1 | 42.4 | 54.8 | 8.1% |
Top Export Markets for Nitrites; Nitrates from the United States in 2022:
- Canada (45.7K tons)
- Mexico (7.4K tons)
- South Korea (1.1K tons)
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