Iran: Sodium Nitrate Market 2022

Sodium Nitrate Market Size in Iran

After three years of growth, the Iranian sodium nitrate market decreased by -X% to $X in 2021. In general, consumption, however, recorded a pronounced slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Sodium Nitrate Exports

Exports from Iran

Sodium nitrate exports from Iran amounted to less than X kg in 2021, therefore, remained relatively stable against the previous year. Over the period under review, exports saw a abrupt contraction. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sodium nitrate exports amounted to less than $X in 2021. In general, exports continue to indicate a abrupt shrinkage. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for sodium nitrate exports from Iran, accounting for a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Azerbaijan was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Azerbaijan was relatively modest.

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2017, remaining constant against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2017, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2017, the rate of growth in terms of prices for Azerbaijan amounted to X% per year.

Sodium Nitrate Imports

Imports into Iran

After four years of decline, supplies from abroad of sodium nitrate increased by X% to X tons in 2021. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sodium nitrate imports shrank to $X in 2021. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main sodium nitrate supplier to Iran, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of sodium nitrate to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2021, the average sodium nitrate import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, showed significant growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2020, and then declined in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform