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Czech Republic - Nitrites - Market Analysis, Forecast, Size, Trends And Insights
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Czech Republic: Nitrites Market Overview 2021

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Nitrites Market Size in the Czech Republic

The Czech nitrites market skyrocketed to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Nitrites consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Nitrites Exports

Exports from the Czech Republic

In 2020, after two years of decline, there was significant growth in shipments abroad of nitrites, when their volume increased by X% to X tonnes. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, nitrites exports skyrocketed to $X in 2020. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tonnes) was the main destination for nitrites exports from the Czech Republic, with a X% share of total exports. Moreover, nitrites exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X tonnes), sixfold. Croatia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Slovakia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Croatia (+X% per year).

In value terms, Slovakia ($X) remains the key foreign market for nitrites exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Slovakia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Hungary (+X% per year).

Export Prices by Country

The average nitrites export price stood at $X per tonne in 2020, growing by X% against the previous year. In general, export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nitrites export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands, while the prices for the other major destinations experienced more modest paces of growth.

Nitrites Imports

Imports into the Czech Republic

In 2020, imports of nitrites into the Czech Republic dropped to X tonnes, falling by -X% compared with 2019 figures. Overall, imports showed a pronounced decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, nitrites imports surged to $X in 2020. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tonnes), China (X tonnes) and Latvia (X tonnes) were the main suppliers of nitrites imports to the Czech Republic, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrites suppliers to the Czech Republic were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, China (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrites import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, nitrites import price increased by +X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrites in the world?
+
The countries with the highest volumes of nitrites consumption in 2020 were China (32K tonnes), Zambia (29K tonnes) and Germany (27K tonnes), together comprising 48% of global consumption.
What are the largest producers of nitrites in the world?
+
The countries with the highest volumes of nitrites production in 2020 were Germany (66K tonnes), China (60K tonnes) and Russia (7.9K tonnes), with a combined 86% share of global production. These countries were followed by South Africa, India and Norway, which together accounted for a further 10%.
What are the leading suppliers of nitrites to the Czech Republic?
+
In value terms, the largest nitrites suppliers to the Czech Republic were Germany ($311K), China ($173K) and Italy ($32K), together accounting for 92% of total imports.
What are the leading importers of nitrites from the Czech Republic?
+
In value terms, Slovakia ($46K) remains the key foreign market for nitrites exports from the Czech Republic, comprising 71% of total exports. The second position in the ranking was occupied by Germany ($5.8K), with a 8.8% share of total exports. It was followed by Hungary, with a 7.4% share.
What is the average export price for nitrites in the Czech Republic?
+
The average nitrites export price stood at $1,517 per tonne in 2020, rising by 21% against the previous year.
What is the average import price for nitrites in the Czech Republic?
+
The average nitrites import price stood at $815 per tonne in 2020, jumping by 77% against the previous year.

Product coverage:
• Prodcom 20152080 - Nitrites

This report provides an in-depth analysis of the nitrites market in the Czech Republic. 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 2025.


Country coverage:
• Czech Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Czech Republic
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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