U.S. - Sodium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Nitrate Price in the United States - 2023
Contents:
- Sodium Nitrate Price in the United States (CIF) - 2023
- Sodium Nitrate Price in the United States (FOB) - 2023
- Sodium Nitrate Imports in the United States
- Sodium Nitrate Exports in the United States
Sodium Nitrate Price in the United States (CIF) - 2023
In September 2023, the average sodium nitrate import price amounted to $792 per ton, waning by -41.4% against the previous month. Overall, the import price, however, recorded a temperate expansion. The growth pace was the most rapid in August 2023 when the average import price increased by 106% m-o-m. As a result, import price reached the peak level of $1,352 per ton, and then declined significantly in the following month.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From September 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +2.5% per month.
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Sodium Nitrate Price in the United States (FOB) - 2023
The average sodium nitrate export price stood at $1,829 per ton in September 2023, approximately mirroring the previous month. In general, export price indicated a prominent increase from September 2022 to September 2023: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, sodium nitrate export price increased by +23.1% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 58% m-o-m. Over the period under review, the average export prices attained the maximum at $2,133 per ton in May 2023; however, from June 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Brazil ($2,324 per ton) and Costa Rica ($2,010 per ton), while the average price for exports to Canada ($1,723 per ton) and Mexico ($1,763 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Sodium Nitrate Imports in the United States
In 2022, approx. 47K tons of sodium nitrate were imported into the United States; growing by 88% on the previous year's figure. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sodium nitrate imports skyrocketed to $49M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Nitrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 14.0 | 14.4 | 13.0 | 42.3 | 44.6% |
| Germany | 4.3 | 2.6 | 3.1 | 6.7 | 15.9% |
| Others | 0.6 | 0.3 | 0.3 | 0.3 | -20.6% |
| Total | 18.9 | 17.3 | 16.4 | 49.3 | 37.7% |
Top Suppliers of Sodium Nitrate to the United States in 2022:
- Chile (35.5K tons)
- Germany (11.1K tons)
Sodium Nitrate Exports in the United States
In 2022, the amount of sodium nitrate exported from the United States surged to 16K tons, picking up by 58% compared with 2021 figures. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sodium nitrate exports skyrocketed to $18M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sodium Nitrate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.5 | 3.7 | 4.7 | 10.1 | 42.4% |
| Mexico | 2.2 | 1.9 | 2.5 | 5.5 | 35.7% |
| Chile | N/A | N/A | N/A | 1.7 | 0% |
| Costa Rica | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 5.9 | 5.9 | 7.6 | 18.1 | 45.3% |
Top Export Markets for Sodium Nitrate from the United States in 2022:
- Mexico (7.6K tons)
- Canada (6.1K tons)
- Chile (1.7K tons)
- Costa Rica (0.4K tons)
This report provides an in-depth analysis of the sodium nitrate market in the U.S.. 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:
- FCL 4005 - Sodium nitrate
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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