Report China - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 21, 2023

China - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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China: Sodium Nitrate Market 2023

Sodium Nitrate Market Size in China

After three years of growth, the Chinese sodium nitrate market decreased by -12.4% to $X in 2022. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Sodium Nitrate Production in China

In value terms, sodium nitrate production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw a mild descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sodium Nitrate Exports

Exports from China

In 2022, after three years of decline, there was significant growth in shipments abroad of sodium nitrate, when their volume increased by 9.7% to X tons. Overall, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 31% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium nitrate exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Vietnam (X tons) and Pakistan (X tons) were the main destinations of sodium nitrate exports from China, with a combined 42% share of total exports. Thailand, Nigeria, India, South Korea, Indonesia, Kazakhstan, Turkey, Japan, Myanmar and Peru lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +116.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sodium nitrate exported from China were Malaysia ($X), Vietnam ($X) and Pakistan ($X), with a combined 39% share of total exports. Thailand, Nigeria, India, South Korea, Indonesia, Japan, Kazakhstan, Turkey, Myanmar and Peru lagged somewhat behind, together accounting for a further 40%.

Myanmar, with a CAGR of +113.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2022, with an increase of 40% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium nitrate export price increased by +68.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 56%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to Vietnam ($X per ton) and Myanmar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Imports

Imports into China

In 2022, purchases abroad of sodium nitrate decreased by -37.5% to X tons, falling for the sixth consecutive year after two years of growth. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 101%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, sodium nitrate imports surged to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 32%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main sodium nitrate supplier to China, with a 99% share of total imports. It was followed by Japan (X kg), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -7.5%.

In value terms, Germany ($X) constituted the largest supplier of sodium nitrate to China, comprising 99% of total imports. The second position in the ranking was taken by Japan ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +10.0%.

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, increasing by 86% against the previous year. Overall, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 87% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany stood at $X 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.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium nitrate in the world?
+
The countries with the highest volumes of consumption in 2022 were Chile, Denmark and Ukraine, with a combined 33% share of global consumption. The Netherlands, Trinidad and Tobago, Japan, the United Arab Emirates, China, Brazil, Russia, Malaysia, Portugal and Pakistan lagged somewhat behind, together accounting for a further 40%.
What are the largest producers of sodium nitrate in the world?
+
The country with the largest volume of sodium nitrate production was Chile, accounting for 52% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, Denmark, sixfold. The third position in this ranking was held by China, with an 8.8% share.
What are the leading suppliers of sodium nitrate to China?
+
In value terms, Germany constituted the largest supplier of sodium nitrate to China, comprising 99% of total imports. The second position in the ranking was held by Japan $850), with a 1.2% share of total imports.
What are the leading importers of sodium nitrate from China?
+
In value terms, Malaysia, Vietnam and Pakistan constituted the largest markets for sodium nitrate exported from China worldwide, together accounting for 39% of total exports. Thailand, Nigeria, India, South Korea, Indonesia, Japan, Kazakhstan, Turkey, Myanmar and Peru lagged somewhat behind, together accounting for a further 40%.
What is the average export price for sodium nitrate in China?
+
In 2022, the average sodium nitrate export price amounted to $654 per ton, growing by 40% against the previous year.
What is the average import price for sodium nitrate in China?
+
The average sodium nitrate import price stood at $2,449 per ton in 2022, picking up by 86% against the previous year.

This report provides an in-depth analysis of the sodium nitrate market in China. 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 -
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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