Nitrites; Nitrates Price in Venezuela - 2022
Contents:
Nitrites; Nitrates Price in Venezuela (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,798 per ton, declining by -6.6% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitrites; nitrates import price increased by +41.9% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $1,924 per ton in 2021, and then declined in the following year.
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 Chile ($15,549 per ton), while the price for Israel ($286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Imports in Venezuela
After three years of growth, supplies from abroad of nitrites; nitrateses decreased by -19.2% to 155 tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 160% against the previous year.
In value terms, nitrites; nitrates imports declined markedly to $278K in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 199%.
| Import of Nitrites; Nitrates in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.2 | 93.0 | 162 | 145 | 70.6% |
| China | 3.4 | 17.8 | 27.9 | 63.5 | 165.3% |
| Belgium | 10.2 | 14.2 | 19.2 | 24.6 | 34.1% |
| Israel | 8.6 | 20.1 | 25.9 | 17.0 | 25.5% |
| United States | 1.5 | 5.7 | 16.2 | 6.3 | 61.3% |
| Canada | 1.6 | 4.5 | 7.0 | 5.6 | 51.8% |
| Colombia | N/A | N/A | 7.1 | N/A | 0% |
| Others | 8.3 | 32.3 | 102 | 16.1 | 24.7% |
| Total | 62.7 | 188 | 368 | 278 | 64.3% |
Top Suppliers of Nitrites; Nitrates to Venezuela in 2022:
- Israel (59.3 tons)
- Germany (40.0 tons)
- China (39.5 tons)
- Belgium (8.0 tons)
- Canada (4.7 tons)
- United States (2.4 tons)
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