Global Sodium Nitrate Market 2023

Sodium Nitrate Market Size

The global sodium nitrate market skyrocketed to $X in 2021, surging by 36% against the previous year. In general, consumption showed significant growth. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sodium Nitrate Production

In value terms, sodium nitrate production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight expansion. The pace of growth was the most pronounced in 2019 with an increase of 3.7%. Global production peaked at $X in 2020, and then declined modestly in the following year.

Sodium Nitrate Exports

Exports

In 2021, the amount of sodium nitrate exported worldwide declined markedly to X tons, which is down by -23.6% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 23%. Over the period under review, the global exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sodium nitrate exports fell to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 4.1%. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Chile (X tons) was the key exporter of sodium nitrate, making up 39% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 19% share, followed by China (11%), Denmark (11%) and the United States (4.7%). Russia (X tons) and the Czech Republic (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sodium nitrate exports from Chile stood at -10.2%. At the same time, the Czech Republic (+69.4%), the Netherlands (+39.0%), Russia (+17.7%), Denmark (+7.9%) and the United States (+6.5%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +69.4% from 2012-2021. By contrast, China (-3.8%) illustrated a downward trend over the same period. While the share of the Netherlands (+18 p.p.), Denmark (+7.7 p.p.), the United States (+3.1 p.p.), Russia (+3 p.p.), the Czech Republic (+2.4 p.p.) and China (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Chile (-23 p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest sodium nitrate supplier worldwide, comprising 48% of global exports. The second position in the ranking was held by China ($X), with a 10% share of global exports. It was followed by Denmark, with an 8% share.

In Chile, sodium nitrate exports shrank by an average annual rate of -10.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-4.8% per year) and Denmark (+8.7% per year).

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2021, surging by 15% against the previous year. In general, the export price, however, recorded a perceptible downturn. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.7%), while the other global leaders experienced a decline in the export price figures.

Sodium Nitrate Imports

Imports

In 2021, approx. X tons of sodium nitrate were imported worldwide; which is down by -7.9% against 2020. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 49%. Over the period under review, global imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sodium nitrate imports expanded remarkably to $X in 2021. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 15%. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons) and the United Arab Emirates (X tons) represented roughly 25% of total imports in 2021. Japan (X tons) held a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (6.3%), Malaysia (5.9%) and Brazil (5.7%). Canada (X tons), South Korea (X tons), Belgium (X tons), Poland (X tons), France (X tons), Turkey (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +66.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate importing markets worldwide were the United States ($X), Japan ($X) and the United Arab Emirates ($X), together comprising 32% of global imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +56.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sodium nitrate import price amounted to $X per ton, rising by 18% against the previous year. In general, the import price saw a relatively flat trend pattern. Global import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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