Nitrites; Nitrates Price in the Czech Republic - 2023

Contents:

1. Nitrites; Nitrates Price in the Czech Republic (CIF) - 2023
2. Nitrites; Nitrates Price in the Czech Republic (FOB) - 2022
3. Nitrites; Nitrates Imports in the Czech Republic
4. Nitrites; Nitrates Exports in the Czech Republic

Nitrites; Nitrates Price in the Czech Republic (CIF) - 2023

The average nitrites; nitrates import price stood at $1,290 per ton in August 2023, dropping by -13.2% against the previous month. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in March 2023 an increase of 62% against the previous month. As a result, import price attained the peak level of $2,201 per ton. From April 2023 to August 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($1,862 per ton), while the price for Hungary ($289 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in the Czech Republic (FOB) - 2022

The average nitrites; nitrates export price stood at $1,276 per ton in 2022, growing by 83% against the previous year. Overall, the export price continues to indicate a notable expansion. 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 Poland ($2,936 per ton), while the average price for exports to Austria ($422 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 Poland (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites; Nitrates Imports in the Czech Republic

Nitrites; nitrates imports into the Czech Republic rose sharply to 6.2K tons in 2022, growing by 8.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, nitrites; nitrates imports surged to $9.6M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Nitrites; Nitrates to the Czech Republic in 2022:

1. Poland (1069.6 tons)
2. Germany (1065.8 tons)
3. Jordan (1056.0 tons)
4. Belgium (557.1 tons)
5. Chile (453.8 tons)
6. Hungary (412.4 tons)
7. Denmark (412.1 tons)
8. Netherlands (325.3 tons)
9. Latvia (231.9 tons)
10. China (154.4 tons)
11. France (60.6 tons)

Nitrites; Nitrates Exports in the Czech Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of nitrites; nitrateses, when their volume decreased by -29.8% to 2.2K tons. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.8% against the previous year. As a result, the exports reached the peak of 3.2K tons, and then declined rapidly in the following year.

In value terms, nitrites; nitrates exports skyrocketed to $2.8M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nitrites; Nitrates from the Czech Republic in 2022:

1. Germany (1256.7 tons)
2. Austria (598.1 tons)
3. Slovakia (217.6 tons)
4. Slovenia (60.0 tons)

Source: IndexBox Market Intelligence Platform