Peru: Nitrogen Market 2024

Nitrogen Market Size in Peru

The Peruvian nitrogen market totaled $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a strong expansion 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Nitrogen Production in Peru

In value terms, nitrogen production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Nitrogen Exports

Exports from Peru

In 2022, nitrogen exports from Peru reached X cubic meters, picking up by X% compared with 2021 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X cubic meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, nitrogen exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Bolivia (X cubic meters) was the main destination for nitrogen exports from Peru, accounting for a X% share of total exports. It was followed by the United States (X cubic meters), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled X%.

In value terms, Bolivia ($X) remains the key foreign market for nitrogen exports from Peru, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%.

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per cubic meter), while the average price for exports to the United States totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogen Imports

Imports into Peru

In 2022, supplies from abroad of nitrogen decreased by X% to X cubic meters, falling for the second year in a row after four years of growth. Overall, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, nitrogen imports contracted rapidly to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest nitrogen supplier to Peru, with a X% share of total imports. Moreover, nitrogen imports from the United States exceeded the figures recorded by the second-largest supplier, Ecuador (X cubic meters), threefold. South Korea (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) constituted the largest supplier of nitrogen to Peru, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Mexico (X% per year).

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period under review, the import price posted a remarkable increase. 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 2022, amid the top importers, the country with the highest price was Mexico ($X per cubic meter), while the price for South Korea ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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