India - Nitrites - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNitrites Price in India - 2023
Contents:
- Nitrites Price in India (FOB) - 2022
- Nitrites Price in India (CIF) - 2022
- Nitrites Exports in India
- Nitrites Imports in India
Nitrites Price in India (FOB) - 2022
The average nitrites export price stood at $1,175 per ton in 2022, increasing by 64% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites export price increased by +75.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($1,216 per ton) and Taiwan (Chinese) ($1,181 per ton), while the average price for exports to Germany ($970 per ton) and Saudi Arabia ($1,022 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites Price in India (CIF) - 2022
The average nitrites import price stood at $946 per ton in 2022, rising by 36% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites import price increased by +91.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($1,053 per ton), while the price for Russia ($688 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites Exports in India
In 2022, after three years of growth, there was significant decline in overseas shipments of nitrites, when their volume decreased by -15.5% to 15K tons. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports reached the peak of 17K tons, and then plummeted in the following year.
In value terms, nitrites exports soared to $17M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 4.9 | 4.7 | 6.4 | 23.5% |
| Japan | 2.0 | 1.6 | 3.1 | 4.2 | 28.1% |
| South Korea | 0.7 | 0.3 | 0.9 | 1.2 | 19.7% |
| Germany | 0.8 | 0.9 | 0.5 | 1.0 | 7.7% |
| United Arab Emirates | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Brazil | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Saudi Arabia | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Thailand | 0.3 | 0.1 | 0.3 | 0.4 | 10.1% |
| Turkey | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Others | 1.7 | 0.9 | 1.1 | 1.4 | -6.3% |
| Total | 11.0 | 10.5 | 12.5 | 17.3 | 16.3% |
Top Export Markets for Nitrites from India in 2022:
- United States (5.5K tons)
- Japan (3.4K tons)
- Germany (1.0K tons)
- South Korea (1.0K tons)
- United Arab Emirates (0.7K tons)
- Saudi Arabia (0.6K tons)
- Brazil (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- Thailand (0.4K tons)
- Turkey (0.3K tons)
Nitrites Imports in India
In 2022, approx. 9K tons of nitrites were imported into India; waning by -43.7% on 2021. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 63%.
In value terms, nitrites imports shrank notably to $8.5M in 2022. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 130% against the previous year. As a result, imports reached the peak of $11M, and then declined remarkably in the following year.
| Import of Nitrites in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 0.9 | 6.9 | 5.1 | -5.3% |
| Belgium | 0.6 | 0.6 | 1.4 | 1.0 | 18.6% |
| Germany | 0.9 | 0.7 | 1.1 | 0.8 | -3.9% |
| Russia | 0.6 | 1.6 | 0.9 | 0.7 | 5.3% |
| Netherlands | 0.1 | 0.7 | 0.4 | 0.3 | 44.2% |
| Hong Kong SAR | 0.2 | 0.1 | 0.4 | 0.3 | 14.5% |
| Latvia | 0.5 | 0.2 | N/A | 0.2 | -26.3% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 9.2 | 4.9 | 11.2 | 8.5 | -2.6% |
Top Suppliers of Nitrites to India in 2022:
- China (4.9K tons)
- Belgium (1.1K tons)
- Russia (1.1K tons)
- Germany (0.9K tons)
- Netherlands (0.4K tons)
- Hong Kong SAR (0.3K tons)
- Latvia (0.2K tons)
This report provides an in-depth analysis of the nitrites market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 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...
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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...
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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...
636
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...
1012
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...
1331
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...
915
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...
636
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...
