Sodium Nitrate Price in China - 2023

Contents:

1. Sodium Nitrate Price in China (FOB) - 2023
2. Sodium Nitrate Price in China (CIF) - 2022
3. Sodium Nitrate Exports in China
4. Sodium Nitrate Imports in China

Sodium Nitrate Price in China (FOB) - 2023

The average sodium nitrate export price stood at $661 per ton in June 2023, declining by -9.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 9.2% m-o-m. As a result, the export price reached the peak level of $732 per ton, and then declined in the following month.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Kazakhstan ($800 per ton), while the average price for exports to Indonesia ($510 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Price in China (CIF) - 2022

The average sodium nitrate import price stood at $2,449 per ton in 2022, rising by 86% against the previous year. In general, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 87%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Japan ($15,455 per ton), while the price for Germany stood at $2,443 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+58.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Sodium Nitrate Exports in China

In 2022, overseas shipments of sodium nitrate were finally on the rise to reach 26K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt downturn.

In value terms, sodium nitrate exports skyrocketed to $17M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sodium Nitrate from China in 2022:

1. Malaysia (4.4K tons)
2. Vietnam (3.9K tons)
3. Pakistan (2.6K tons)
4. Thailand (2.0K tons)
5. Nigeria (2.0K tons)
6. India (1.5K tons)
7. South Korea (1.2K tons)
8. Indonesia (0.9K tons)
9. Turkey (0.6K tons)
10. Japan (0.6K tons)
11. Kazakhstan (0.6K tons)
12. Myanmar (0.5K tons)
13. Australia (0.3K tons)

Sodium Nitrate Imports in China

In 2022, the amount of sodium nitrate imported into China shrank significantly to 29 tons, falling by -37.5% compared with 2021 figures. In general, imports faced a dramatic descent. The smallest decline of -1.3% was in 2021.

In value terms, sodium nitrate imports soared to $71K in 2022. Overall, imports saw a abrupt downturn.

Top Suppliers of Sodium Nitrate to China in 2022:

1. Germany (28.7 tons)
2. Japan (0.1 tons)

Source: IndexBox Market Intelligence Platform