Sodium Nitrate Market

Sodium nitrate market: download recently published data featured by an Ai-driven BI tool. Datasets cover imports, market prices, trade, market size, production, exports, companies, and consumption. There is a split by country, including the Middle East, EU, Russia, the U.S., the U.K., Latin America, China, and Africa. Market insights and outlook to 2030 are also provided in the reports.

Get FREE access to the latest data and statistics on the Sodium Nitrate Market.

Sodium Nitrate - World's Largest Markets

In value terms, Chile led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Japan.

In Chile, the sodium nitrate market shrank by an average annual rate of -14.9% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+6.6% per year) and Japan (+25.8% per year).

Sodium Nitrate Prices

Sodium Nitrate - Top Importers

In value terms, the United States ($19M), Japan ($11M) and the Netherlands ($7.8M) constituted the countries with the highest levels of imports in 2020, together accounting for 35% of global imports. Brazil, Malaysia, Canada, France, Vietnam, Peru, Poland, Indonesia, Denmark and Pakistan lagged somewhat behind, together accounting for a further 27%.

Denmark (+171.0% per year) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Sodium Nitrate - Top Exporters

In value terms, Chile ($70M) remains the largest sodium nitrate supplier worldwide, comprising 54% of global exports. The second position in the ranking was occupied by China ($16M), with a 12% share of global exports. It was followed by Denmark, with a 8.3% share.

From 2018 to 2020, the average annual growth rate of value in Chile totaled +13.6%. In the other countries, the average annual rates were as follows: China (-7.4% per year) and Denmark (+38.2% per year).

Sodium Nitrate - Market Forecast

Driven by rising demand for sodium nitrate worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Sodium Nitrate - Product Coverage

• HS 310250 - Fertilizers, mineral or chemical; nitrogenous, sodium nitrate

Source: IndexBox Market Intelligence Platform