EU: Nitrites Market 2024

Nitrites Market Size in the EU

The EU nitrites market soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Nitrites Production in the EU

In value terms, nitrites production skyrocketed to $X in 2022 estimated in export price. In general, production posted a buoyant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Nitrites Exports

Exports in the EU

In 2022, the amount of nitrites exported in the European Union rose modestly to X tons, growing by X% against 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, nitrites exports stood at $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands represented the major exporter of nitrites in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by France (X tons), Spain (X tons), Sweden (X tons), Italy (X tons), Croatia (X tons) and Belgium (X tons), together committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nitrites exports from the Netherlands stood at X%. At the same time, Croatia (X%) and Italy (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%), France (X%), Spain (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), France (X p.p.) and Croatia (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden, Spain and Belgium saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), France ($X) and Sweden ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, France, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Sweden ($X per ton) and Belgium ($X per ton), while Croatia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Nitrites Imports

Imports in the EU

In 2022, supplies from abroad of nitrites was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, nitrites imports soared to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the key importer of nitrites in the European Union, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. France (X tons) took the second position in the ranking, followed by Austria (X tons), Germany (X tons), Spain (X tons) and Belgium (X tons). All these countries together held near X% share of total imports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nitrites imports into the Netherlands stood at X%. At the same time, Austria (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. France, Belgium and Spain experienced a relatively flat trend pattern. By contrast, Italy (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Austria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported nitrites in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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