Nitrites; Nitrates Price in Peru - 2021
Contents:
- Nitrites; Nitrates Price in Peru (CIF) - 2021
- Nitrites; Nitrates Price in Peru (FOB) - 2022
- Nitrites; Nitrates Imports in Peru
- Nitrites; Nitrates Exports in Peru
Nitrites; Nitrates Price in Peru (CIF) - 2021
In April 2020, the average nitrites; nitrates import price amounted to $666 per ton, approximately equating the previous month. Over the last three-month period, it increased at an average monthly rate of +3.0%. The growth pace was the most rapid in March 2020 an increase of 11% month-to-month. Over the period under review, average import prices reached the maximum in April 2020.
There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was Chile ($718 per ton), while the price for China stood at $455 per ton.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by China (+17.8%).
Nitrites; Nitrates Price in Peru (FOB) - 2022
The average nitrites; nitrates export price stood at $1,232 per ton in 2022, declining by -21.3% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. The export price peaked at $2,908 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($6,086 per ton), while the average price for exports to Bolivia ($599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Peru
In 2022, approx. 50K tons of nitrites; nitrateses were imported into Peru; growing by 12% compared with the year before. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports attained the peak of 55K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, nitrites; nitrates imports expanded slightly to $32M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports attained the peak of $32M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Nitrites; Nitrates in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 18.2 | 24.3 | 19.2 | 21.9 | 6.4% |
| China | 6.4 | 4.5 | 3.3 | 4.1 | -13.8% |
| Israel | 0.5 | 0.3 | 1.5 | 1.6 | 47.4% |
| Belarus | N/A | 1.4 | 4.3 | N/A | 207.1% |
| Others | 3.5 | 2.0 | 2.5 | 4.0 | 4.6% |
| Total | 28.7 | 32.4 | 30.8 | 31.6 | 3.3% |
Top Suppliers of Nitrites; Nitrates to Peru in 2022:
- Chile (28.7K tons)
- China (16.3K tons)
- Israel (2.0K tons)
Nitrites; Nitrates Exports in Peru
Nitrites; nitrates exports from Peru surged to 154 tons in 2022, rising by 16% against 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 608%. As a result, the exports attained the peak of 177 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitrites; nitrates exports reduced to $190K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 309%.
| Export of Nitrites; Nitrates in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 22.4 | 50.8 | 124 | 118 | 74.0% |
| Bolivia | 9.7 | 71.7 | 61.8 | 69.8 | 93.1% |
| Chile | 6.8 | 49.7 | 22.1 | 2.2 | -31.4% |
| Others | 3.2 | 0.2 | 0.6 | 0.2 | -60.3% |
| Total | 42.2 | 172 | 208 | 190 | 65.1% |
Top Export Markets for Nitrites; Nitrates from Peru in 2022:
- Bolivia (116.5 tons)
- Ecuador (37.5 tons)
- Chile (0.4 tons)
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In value terms, nitrites and nitrates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable...
1355
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