Nitrites; Nitrates Price in Uruguay - 2022

Nitrites; Nitrates Price in Uruguay (CIF) - 2022

The average nitrites; nitrates import price stood at $644 per ton in 2022, waning by -30.3% against the previous year. Over the period under review, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. As a result, import price reached the peak level of $924 per ton, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,009 per ton), while the price for Portugal ($376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Nitrites; Nitrates Price in Uruguay (FOB) - 2022

In 2022, the average nitrites; nitrates export price amounted to $1,720 per ton, growing by 39% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($3,280 per ton), while the average price for exports to Free Zones stood at $1,284 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+1,268.0%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites; Nitrates Imports in Uruguay

In 2022, the amount of nitrites; nitrateses imported into Uruguay skyrocketed to 1K tons, surging by 169% on the year before. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates imports soared to $669K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Nitrites; Nitrates in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	50.9	67.9	66.8	292	79.0%
Jordan	23.9	11.2	18.9	135	78.1%
Israel	11.9	56.2	42.4	80.6	89.2%
Portugal	9.2	29.7	8.1	74.0	100.4%
Germany	23.4	12.6	14.1	43.3	22.8%
Norway	36.3	40.7	30.7	N/A	-8.0%
China	32.8	104	10.8	N/A	-42.6%
Denmark	35.4	37.2	28.0	N/A	-11.1%
South Africa	14.6	15.2	10.6	N/A	-14.8%
Italy	10.3	16.0	7.6	N/A	-14.1%
Netherlands	22.3	14.6	0.1	N/A	-93.3%
Others	148	170	118	43.4	-33.6%
Total	419	576	356	669	16.9%

Top Suppliers of Nitrites; Nitrates to Uruguay in 2022:

Chile (442.2 tons)
Jordan (224.9 tons)
Portugal (197.0 tons)
Israel (119.5 tons)
Germany (42.9 tons)
China (0.1 tons)

Nitrites; Nitrates Exports in Uruguay

In 2022, nitrites; nitrates exports from Uruguay soared to 4.8 tons, jumping by 92% on the previous year. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates exports soared to $8.3K in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.