Turkey - Sodium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Nitrate Price in Turkey - 2023
Contents:
- Sodium Nitrate Price in Turkey (CIF) - 2023
- Sodium Nitrate Price in Turkey (FOB) - 2022
- Sodium Nitrate Imports in Turkey
- Sodium Nitrate Exports in Turkey
Sodium Nitrate Price in Turkey (CIF) - 2023
In September 2023, the average sodium nitrate import price amounted to $939 per ton, growing by 11% against the previous month. Overall, import price indicated a slight increase from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% 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 import price decreased by -15.0% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 51% m-o-m. The import price peaked at $1,368 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,075 per ton), while the price for Germany ($898 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Nitrate Price in Turkey (FOB) - 2022
The average sodium nitrate export price stood at $999 per ton in 2022, dropping by -10.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30%. As a result, the export price reached the peak level of $1,117 per ton, and then declined in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($1,778 per ton), while the average price for exports to India ($471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.
Sodium Nitrate Imports in Turkey
In 2022, sodium nitrate imports into Turkey skyrocketed to 4.7K tons, jumping by 22% against the year before. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, sodium nitrate imports soared to $4.4M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Sodium Nitrate in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | N/A | N/A | 581 | 1,519 | 161.4% |
Germany | 134 | 91.3 | 776 | 1,065 | 99.6% |
China | 167 | 161 | 650 | 699 | 61.2% |
Russia | 28.0 | 44.2 | 130 | 577 | 174.2% |
South Africa | N/A | N/A | 146 | 297 | 103.4% |
Uzbekistan | N/A | N/A | N/A | 62.5 | 0% |
Bulgaria | 551 | 836 | N/A | 20.6 | -66.6% |
Chile | 394 | 42.2 | 33.6 | N/A | -70.8% |
Others | 6.7 | 306 | 422 | 159 | 187.4% |
Total | 1,280 | 1,481 | 2,739 | 4,400 | 50.9% |
Top Suppliers of Sodium Nitrate to Turkey in 2022:
- Iran (1872.0 tons)
- Germany (907.8 tons)
- China (628.0 tons)
- Russia (592.0 tons)
- South Africa (384.0 tons)
- Uzbekistan (128.9 tons)
- Bulgaria (23.0 tons)
Sodium Nitrate Exports in Turkey
In 2022, shipments abroad of sodium nitrate was finally on the rise to reach 96 tons after two years of decline. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sodium nitrate exports soared to $95K in 2022. Overall, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Sodium Nitrate in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Azerbaijan | 31.6 | 23.5 | 10.6 | 42.0 | 9.9% |
Brazil | N/A | N/A | N/A | 37.3 | 0% |
India | N/A | N/A | N/A | 10.8 | 0% |
Iraq | 7.8 | 6.0 | N/A | N/A | -23.1% |
Slovakia | N/A | N/A | 12.5 | N/A | 0% |
Syrian Arab Republic | N/A | N/A | 14.4 | N/A | 0% |
Georgia | N/A | N/A | 10.5 | N/A | 0% |
Others | 31.4 | 12.9 | 6.4 | 5.4 | -44.4% |
Total | 70.9 | 42.4 | 54.5 | 95.5 | 10.4% |
Top Export Markets for Sodium Nitrate from Turkey in 2022:
- Brazil (47.0 tons)
- Azerbaijan (23.6 tons)
- India (22.9 tons)
This report provides an in-depth analysis of the sodium nitrate market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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