Canada - Nitrites - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrites Price in Canada - 2023
Contents:
- Nitrites Price in Canada (CIF) - 2023
- Nitrites Price in Canada (FOB) - 2022
- Nitrites Imports in Canada
- Nitrites Exports in Canada
Nitrites Price in Canada (CIF) - 2023
In September 2023, the average nitrites import price amounted to $980 per ton, reducing by -13.8% against the previous month. Overall, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 70% against the previous month. As a result, import price reached the peak level of $1,786 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($7,435 per ton), while the price for the United States ($825 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Nitrites Price in Canada (FOB) - 2022
In 2022, the average nitrites export price amounted to $712 per ton, dropping by -4.7% against the previous year. In general, the export price, however, recorded notable growth. The most prominent rate of growth was recorded in 2020 an increase of 85% against the previous year. The export price peaked at $747 per ton in 2021, and then dropped slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($732 per ton), while the average price for exports to Israel stood at $327 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.6%), while the prices for the other major destinations experienced a decline.
Nitrites Imports in Canada
Nitrites imports into Canada contracted to 6.5K tons in 2022, waning by -11.6% compared with 2021 figures. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 6.9% against the previous year.
In value terms, nitrites imports skyrocketed to $7.7M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +55.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Nitrites in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 4.1 | 5.4 | 6.6 | 12.8% |
| India | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Germany | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| China | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.7 | 4.9 | 6.2 | 7.7 | 10.5% |
Top Suppliers of Nitrites to Canada in 2022:
- United States (5.6K tons)
- India (0.5K tons)
- Germany (0.4K tons)
- China (0.1K tons)
Nitrites Exports in Canada
In 2022, approx. 233 tons of nitrites were exported from Canada; with a decrease of -71.3% compared with the year before. In general, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 281% against the previous year. As a result, the exports reached the peak of 812 tons, and then reduced remarkably in the following year.
In value terms, nitrites exports reduced rapidly to $166K in 2022. Over the period under review, exports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 341%. As a result, the exports reached the peak of $607K, and then reduced remarkably in the following year.
| Export of Nitrites in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.5 | 127 | 576 | 163 | 81.0% |
| Israel | N/A | N/A | 16.7 | 3.4 | -79.6% |
| Belgium | 22.9 | N/A | N/A | N/A | 0% |
| Czech Republic | 88.3 | N/A | N/A | N/A | 0% |
| Italy | 38.1 | N/A | N/A | N/A | 0% |
| Brazil | N/A | 10.9 | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 14.5 | 0.3 | -9.1% |
| Total | 177 | 138 | 607 | 166 | -2.1% |
Top Export Markets for Nitrites from Canada in 2022:
- United States (222.2 tons)
- Israel (10.3 tons)
This report provides an in-depth analysis of the nitrites market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20152080 - Nitrites
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In September 2022, the nitrites price stood at $1,731 per ton (CIF, Canada), with an increase of 41% against the previous month.
243
The import growth of Potassium Nitrate was the most rapid in April 2023, with a remarkable month-to-month increase of 138%. In June 2023, the value of Potassium Nitrate imports surged to $2.4M.
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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...
1340
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...
922
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...
642
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...
194
In September 2022, the nitrites price stood at $1,731 per ton (CIF, Canada), with an increase of 41% against the previous month.
243
The import growth of Potassium Nitrate was the most rapid in April 2023, with a remarkable month-to-month increase of 138%. In June 2023, the value of Potassium Nitrate imports surged to $2.4M.
1020
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...
1340
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...
