EU: Sodium Nitrate Market 2023

Sodium Nitrate Market Size in the EU

The EU sodium nitrate market expanded to $X in 2021, rising by 3.5% against the previous year. In general, consumption showed a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 8.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sodium Nitrate Production in the EU

In value terms, sodium nitrate production totaled $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.6%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Sodium Nitrate Exports

Exports in the EU

In 2021, exports of sodium nitrate in the European Union dropped sharply to X tons, with a decrease of -16.4% against the previous year's figure. In general, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 when exports increased by 61%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, sodium nitrate exports stood at $X in 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands represented the key exporter of sodium nitrate in the European Union, with the volume of exports amounting to X tons, which was approx. 53% of total exports in 2021. Denmark (X tons) ranks second in terms of the total exports with a 31% share, followed by the Czech Republic (7%). The following exporters - Poland (X tons), Belgium (X tons) and Spain (X tons) - together made up 8.1% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Czech Republic (with a CAGR of +69.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate supplying countries in the European Union were Denmark ($X), the Netherlands ($X) and the Czech Republic ($X), with a combined 80% share of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +64.2%, recorded the highest rates of growth with regard to 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 2021, jumping by 24% against the previous year. Over the period under review, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Sodium Nitrate Imports

Imports in the EU

Sodium nitrate imports fell dramatically to X tons in 2021, dropping by -34.2% compared with the year before. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 75% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sodium nitrate imports shrank modestly to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands was the major importing country with an import of about X tons, which recorded 26% of total imports. Belgium (X tons) took the second position in the ranking, followed by Poland (X tons), France (X tons), Germany (X tons), Spain (X tons), Sweden (X tons) and Austria (X tons). All these countries together took near 54% share of total imports. The following importers - Denmark (X tons), Estonia (X tons), Bulgaria (X tons), Italy (X tons) and Romania (X tons) - together made up 13% of total imports.

From 2012 to 2021, average annual rates of growth with regard to sodium nitrate imports into the Netherlands stood at +8.4%. At the same time, Bulgaria (+22.4%), Denmark (+21.6%), Austria (+5.2%), Poland (+1.5%) and France (+1.1%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +22.4% from 2012-2021. By contrast, Estonia (-4.3%), Germany (-6.5%), Sweden (-8.6%), Romania (-8.8%), Italy (-9.7%), Belgium (-12.6%) and Spain (-29.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Poland, France, Denmark, Austria, Germany and Bulgaria increased by +21, +6.7, +6.1, +4.1, +3.5, +2.5 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, with a combined 36% share of total imports. These countries were followed by Sweden, Germany, Poland, Italy, Spain, Austria, Denmark, Estonia, Bulgaria and Romania, which together accounted for a further 56%.

In terms of the main importing countries, Bulgaria, with a CAGR of +18.5%, saw the highest growth rate of 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 import price in the European Union stood at $X per ton in 2021, jumping by 51% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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