Europe: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Europe

The Europe sodium nitrate market expanded remarkably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Sodium Nitrate Production in Europe

In value terms, sodium nitrate production reached $X in 2023 estimated in export price. In general, production saw a mild slump. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Sodium Nitrate Exports

Exports in Europe

In 2023, overseas shipments of sodium nitrate decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, sodium nitrate exports shrank rapidly to $X in 2023. Over the period under review, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

In 2023, Russia (X tons) was the main exporter of sodium nitrate, making up X% of total exports. The Netherlands (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons). All these countries together took approx. X% share of total exports. Poland (X tons), Belgium (X tons), Denmark (X tons) and the UK (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the sodium nitrate exports, with a CAGR of X% from 2012 to 2023. At the same time, the Czech Republic (X%) and the Netherlands (X%) displayed positive paces of growth. By contrast, Poland (X%), the UK (X%), Belgium (X%) and Denmark (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), the Netherlands (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the UK (X p.p.), Denmark (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main exporting countries, the Czech Republic, with a CAGR of X%, 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

In 2023, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Sodium Nitrate Imports

Imports in Europe

For the third consecutive year, Europe recorded decline in overseas purchases of sodium nitrate, which decreased by X% to X tons in 2023. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sodium nitrate imports expanded rapidly to $X in 2023. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X tons), followed by France (X tons), Belgium (X tons), Romania (X tons), Germany (X tons), Italy (X tons), Sweden (X tons) and Spain (X tons) represented the major importers of sodium nitrate, together generating X% of total imports. Austria (X tons), Lithuania (X tons), Poland (X tons), Ireland (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate importing markets in Europe were the Netherlands ($X), France ($X) and Belgium ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Europe stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2023, 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