Nitrites; Nitrates Price in Egypt - 2023
Contents:
- Nitrites; Nitrates Price in Egypt (CIF) - 2022
- Nitrites; Nitrates Price in Egypt (FOB) - 2022
- Nitrites; Nitrates Imports in Egypt
- Nitrites; Nitrates Exports in Egypt
Nitrites; Nitrates Price in Egypt (CIF) - 2022
The average nitrites; nitrates import price stood at $1,122 per ton in 2022, with an increase of 35% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,494 per ton), while the price for Norway ($710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Egypt (FOB) - 2022
The average nitrites; nitrates export price stood at $1,448 per ton in 2022, surging by 237% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Algeria.
From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to +14.1% per year.
Nitrites; Nitrates Imports in Egypt
Nitrites; nitrates imports into Egypt fell significantly to 1.4K tons in 2022, with a decrease of -22.7% compared with 2021. In general, imports saw a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year.
In value terms, nitrites; nitrates imports reached $1.6M in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 124% against the previous year.
| Import of Nitrites; Nitrates in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 622 | 141 | 257 | 995 | 17.0% |
| Germany | 314 | 123 | 513 | 239 | -8.7% |
| India | 259 | 119 | 103 | 177 | -11.9% |
| Turkey | 24.7 | 46.2 | 137 | 76.6 | 45.8% |
| Norway | N/A | 18.5 | N/A | 46.8 | 59.1% |
| France | N/A | 19.5 | 124 | 35.0 | 34.0% |
| Poland | 99.0 | 46.1 | N/A | N/A | -53.4% |
| Australia | 1,055 | N/A | N/A | N/A | 0% |
| Others | 31.2 | 155 | 370 | 2.9 | -54.7% |
| Total | 2,405 | 670 | 1,503 | 1,572 | -13.2% |
Top Suppliers of Nitrites; Nitrates to Egypt in 2022:
- China (924.1 tons)
- Germany (190.9 tons)
- India (119.0 tons)
- Turkey (75.9 tons)
- Norway (66.0 tons)
- France (23.4 tons)
Nitrites; Nitrates Exports in Egypt
Nitrites; nitrates exports from Egypt dropped dramatically to 2.4 tons in 2022, waning by -97.7% against the previous year's figure. Over the period under review, exports showed a dramatic contraction.
In value terms, nitrites; nitrates exports contracted rapidly to $3.5K in 2022. In general, exports saw a precipitous decrease.
| Export of Nitrites; Nitrates in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Algeria | N/A | 2.4 | 0% | ||
| Sudan | 45.3 | N/A | 0% | ||
| Others | N/A | 1.1 | 0% | ||
| Total | 45.3 | 3.5 | -92.3% | ||
Top Export Markets for Nitrites; Nitrates from Egypt in 2022:
- Algeria (2.4 tons)
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