China - Nitrogen - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

China - Nitrogen - Market Analysis, Forecast, Size, Trends And Insights

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Nitrogen Price in China - 2023

Contents:

  1. Nitrogen Price in China (CIF) - 2022
  2. Nitrogen Price in China (FOB) - 2022
  3. Nitrogen Imports in China
  4. Nitrogen Exports in China

Nitrogen Price in China (CIF) - 2022

The average nitrogen import price stood at $15 per cubic meter in 2022, growing by 65% against the previous year. Overall, the import price saw a significant increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 1,388% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 the United States ($65 per cubic meter), while the price for Austria ($0.1 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+449.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrogen Price in China (FOB) - 2022

The average nitrogen export price stood at $1.2 per cubic meter in 2022, which is down by -30% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 148% against the previous year. The export price peaked at $1.7 per cubic meter in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($18 per cubic meter), while the average price for exports to Ghana ($1 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+192.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogen Imports in China

In 2022, nitrogen imports into China declined significantly to 152K cubic meters, falling by -54.5% on the previous year's figure. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. Imports peaked at 3.5M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, nitrogen imports contracted markedly to $2.4M in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports reached the peak of $3.1M, and then dropped notably in the following year.

Import of Nitrogen in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2,2281,2722,4941,923-4.8%
South Korea24.314.923.115.0-14.9%
Austria11.222.5N/A11.81.8%
Oman2.7N/AN/AN/A0%
Taiwan (Chinese)421N/AN/AN/A0%
Czech Republic0.7N/AN/AN/A0%
Others15.1632608401198.3%
Total2,7031,9423,1252,350-4.6%

Top Suppliers of Nitrogen to China in 2022:

  1. Austria (94.7K cubic meters)
  2. United States (29.5K cubic meters)
  3. South Korea (5.9K cubic meters)

Nitrogen Exports in China

For the third consecutive year, China recorded decline in overseas shipments of nitrogen, which decreased by -1.5% to 1.1M cubic meters in 2022. In general, exports continue to indicate a precipitous setback. The exports peaked at 3.3M cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogen exports declined dramatically to $1.3M in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 74% against the previous year. The exports peaked at $2.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Nitrogen in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States84.811036242471.0%
PakistanN/A16.14.863.398.3%
Turkey1.11.52.04.559.9%
Ecuador1.64.67.21.84.0%
Australia8.70.78.81.4-45.6%
GhanaN/A1.41.91.3-3.6%
Macao SAR152N/AN/AN/A0%
France216N/AN/AN/A0%
Hong Kong SAR1,564N/AN/AN/A0%
Others3409321,46878432.1%
Total2,3691,0661,8551,279-18.6%

Top Export Markets for Nitrogen from China in 2022:

  1. United States (28.4K cubic meters)
  2. Turkey (3.7K cubic meters)
  3. Pakistan (3.6K cubic meters)
  4. Ghana (1.3K cubic meters)
  5. Ecuador (1.1K cubic meters)
  6. Australia (1.0K cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrogen market in China. 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 20111160 - Nitrogen

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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