Nitrites; Nitrates Price in Russia - 2022
Contents:
- Nitrites; Nitrates Price in Russia (FOB) - 2022
- Nitrites; Nitrates Price in Russia (CIF) - 2022
- Nitrites; Nitrates Exports in Russia
- Nitrites; Nitrates Imports in Russia
Nitrites; Nitrates Price in Russia (FOB) - 2022
The average nitrites; nitrates export price stood at $722 per ton in January 2022, surging by 25% against the previous month. Overall, export price indicated a moderate increase from January 2021 to January 2022: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, nitrites; nitrates export price increased by +36.4% against November 2021 indices. The most prominent rate of growth was recorded in March 2021 an increase of 53% against the previous month. The export price peaked in January 2022.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Azerbaijan ($1,065 per ton), while the average price for exports to Lithuania ($280 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Price in Russia (CIF) - 2022
The average nitrites; nitrates import price stood at $1,105 per ton in January 2022, rising by 8.3% against the previous month. Over the period under review, import price indicated a pronounced expansion from January 2021 to January 2022: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, nitrites; nitrates import price decreased by -24.5% against November 2021 indices. The growth pace was the most rapid in November 2021 an increase of 163% against the previous month. As a result, import price attained the peak level of $1,464 per ton. From December 2021 to January 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was China ($2,333 per ton), while the price for Poland ($557 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Exports in Russia
In 2022, approx. 56K tons of nitrites; nitrateses were exported from Russia; with an increase of 1.5% on the previous year. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, nitrites; nitrates exports reached $28M in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $28M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Nitrites; Nitrates in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | 2.3 | 3.5 | 5.6 | 56.0% |
| Guatemala | N/A | 0.9 | 0.9 | 3.7 | 102.8% |
| Belarus | 1.1 | 1.2 | 1.9 | 3.4 | 45.7% |
| India | 0.2 | 1.6 | 1.0 | 2.9 | 143.8% |
| Brazil | 0.2 | 0.6 | 1.0 | 2.5 | 132.1% |
| Italy | N/A | 1.3 | 0.9 | 1.5 | 7.4% |
| Azerbaijan | 0.9 | 1.1 | 0.9 | 1.3 | 13.0% |
| Turkmenistan | N/A | N/A | 0.9 | 1.0 | 11.1% |
| Kazakhstan | 2.6 | 2.7 | 2.1 | 0.8 | -32.5% |
| Bulgaria | N/A | 0.1 | 0.2 | 0.8 | 182.8% |
| Morocco | N/A | 0.5 | 0.5 | 0.6 | 9.5% |
| Lithuania | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Netherlands | N/A | 1.2 | 1.3 | 0.5 | -35.5% |
| Others | 16.4 | 14.4 | 12.7 | 2.9 | -43.9% |
| Total | 21.6 | 28.1 | 28.0 | 28.0 | 9.0% |
Top Export Markets for Nitrites; Nitrates from Russia in 2022:
- Australia (9.8K tons)
- Belarus (6.5K tons)
- Guatemala (6.3K tons)
- India (5.7K tons)
- Italy (5.3K tons)
- Brazil (4.9K tons)
- Lithuania (2.5K tons)
- Turkmenistan (2.4K tons)
- Kazakhstan (2.4K tons)
- Azerbaijan (1.8K tons)
- Netherlands (1.8K tons)
- Bulgaria (1.4K tons)
- Morocco (1.2K tons)
Nitrites; Nitrates Imports in Russia
In 2022, after two years of decline, there was growth in purchases abroad of nitrites; nitrateses, when their volume increased by 2% to 13K tons. Overall, imports, however, recorded a abrupt curtailment.
In value terms, nitrites; nitrates imports reduced to $10M in 2022. Over the period under review, imports, however, faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 13%.
| Import of Nitrites; Nitrates in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 8.5 | 2.4 | 4.3 | 6.7 | -7.6% |
| Israel | 1.3 | 1.7 | 1.9 | 2.2 | 19.2% |
| China | 3.3 | 2.2 | 0.8 | 0.9 | -35.2% |
| Poland | 0.5 | 0.4 | 0.4 | 0.2 | -26.3% |
| Norway | 1.7 | 0.4 | 0.5 | N/A | -45.8% |
| Belgium | 1.6 | 1.0 | 1.4 | N/A | -6.5% |
| Jordan | 0.3 | 0.5 | 0.2 | N/A | -18.4% |
| Others | 0.8 | 1.2 | 1.7 | 0.4 | -20.6% |
| Total | 18.0 | 9.7 | 11.0 | 10.4 | -16.7% |
Top Suppliers of Nitrites; Nitrates to Russia in 2022:
- Chile (9.2K tons)
- Israel (2.6K tons)
- Poland (0.6K tons)
- China (0.5K tons)
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