Report Update: May 1, 2024

Chile - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Nitric and Sulphonitric Acids in Chile - 2023

Price for Nitric and Sulphonitric Acids in Chile (FOB) - 2023

In September 2023, the average nitric and sulphonitric acids export price amounted to $401 per ton, falling by -7.4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in October 2022 an increase of 42% against the previous month. Over the period under review, the average export prices reached the maximum at $498 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Peru ($424 per ton), while the average price for exports to Brazil stood at $400 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.1%).

Price for Nitric and Sulphonitric Acids in Chile (CIF) - 2022

In 2021, the average nitric and sulphonitric acids import price amounted to $717 per ton, jumping by 35% against the previous year. Overall, the import price, however, saw a pronounced setback. The import price peaked at $970 per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($1,622 per ton), while the price for the Netherlands ($458 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced a decline.

Exports of Nitric and Sulphonitric Acids in Chile

Nitric and sulphonitric acids exports from Chile stood at 13K tons in 2022, increasing by 10% on the previous year. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 78% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nitric and sulphonitric acids exports reached $4.1M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Nitric and Sulphonitric Acids in Chile (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Brazil	2.9	2.1	3.4	8.3%
Peru	N/A	0.2	0.2	0.0%
Argentina	N/A	0.2	N/A	0%
Others	N/A	N/A	N/A	0%
Total	3.0	2.5	3.7	11.1%

Top Export Markets for Nitric and Sulphonitric Acids from Chile in 2022:

Argentina (undefinedK tons)
Brazil (11.3K tons)
Peru (0.7K tons)

Imports of Nitric and Sulphonitric Acids in Chile

In 2022, the amount of nitric acid and sulphonitric acids imported into Chile soared to 1.7K tons, rising by 26% compared with the previous year's figure. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 122%. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports expanded notably to $1M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Nitric and Sulphonitric Acids in Chile (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Netherlands	224	602	452	42.1%
Germany	545	436	448	-9.3%
Belgium	21.6	30.6	26.7	11.2%
Others	21.3	6.6	23.0	3.9%
Total	812	1,076	949	8.1%

Top Suppliers of Nitric and Sulphonitric Acids to Chile in 2022:

Netherlands (986.3 tons)
Germany (275.9 tons)
Belgium (50.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Chile. 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 20151050 - Nitric acid, sulphonitric acids

Country coverage:

Chile

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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