Nitrites; Nitrates Price in Turkey - 2023
Contents:
- Nitrites; Nitrates Price in Turkey (CIF) - 2022
- Nitrites; Nitrates Price in Turkey (FOB) - 2022
- Nitrites; Nitrates Imports in Turkey
- Nitrites; Nitrates Exports in Turkey
Nitrites; Nitrates Price in Turkey (CIF) - 2022
The average nitrites; nitrates import price stood at $1,121 per ton in 2022, jumping by 68% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($1,559 per ton), while the price for China ($345 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Turkey (FOB) - 2022
The average nitrites; nitrates export price stood at $1,308 per ton in 2022, surging by 41% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $1,344 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($1,514 per ton), while the average price for exports to Israel ($355 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 Azerbaijan (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Turkey
In 2022, supplies from abroad of nitrites; nitrateses decreased by -23.2% to 40K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of 60K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, nitrites; nitrates imports skyrocketed to $44M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 5.3 | 7.7 | 7.2 | 17.6 | 49.2% |
| Israel | 4.2 | 7.8 | 4.1 | 10.3 | 34.9% |
| Chile | 22.2 | 21.2 | 12.7 | 8.5 | -27.4% |
| Germany | 0.8 | 0.8 | 1.1 | 2.1 | 37.9% |
| China | 1.9 | 2.0 | 5.6 | 1.5 | -7.6% |
| Russia | N/A | N/A | N/A | 1.0 | 0% |
| Poland | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 0.8 | 1.0 | 3.5 | 2.8 | 51.8% |
| Total | 35.2 | 40.5 | 34.3 | 44.3 | 8.0% |
Top Suppliers of Nitrites; Nitrates to Turkey in 2022:
- Jordan (13.9K tons)
- Israel (9.6K tons)
- Chile (6.5K tons)
- China (4.3K tons)
- Germany (1.3K tons)
- Russia (1.1K tons)
- Poland (0.9K tons)
Nitrites; Nitrates Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of nitrites; nitrateses, which increased by 122% to 14K tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates exports skyrocketed to $18M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nitrites; Nitrates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 31.8 | N/A | 697 | 6,005 | 473.7% |
| Turkmenistan | 1,064 | 1,425 | 1,696 | 4,222 | 58.3% |
| Italy | 211 | 89.4 | 934 | 3,466 | 154.2% |
| Azerbaijan | 373 | 1,093 | 862 | 1,720 | 66.4% |
| Uzbekistan | 397 | 387 | 745 | 499 | 7.9% |
| Israel | N/A | 7.4 | 13.8 | 322 | 559.6% |
| Georgia | 138 | 147 | 137 | 305 | 30.3% |
| Germany | 231 | 258 | 225 | 227 | -0.6% |
| Iran | 310 | 131 | 26.4 | 73.8 | -38.0% |
| Others | 447 | 442 | 531 | 1,595 | 52.8% |
| Total | 3,203 | 3,979 | 5,868 | 18,434 | 79.2% |
Top Export Markets for Nitrites; Nitrates from Turkey in 2022:
- Morocco (4.0K tons)
- Turkmenistan (3.1K tons)
- Italy (2.5K tons)
- Azerbaijan (1.2K tons)
- Israel (0.9K tons)
- Georgia (0.4K tons)
- Uzbekistan (0.3K tons)
- Germany (0.2K tons)
- Iran (0.1K tons)
327
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This report provides an in-depth analysis of the nitrites market in Turkey.
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This report provides an in-depth analysis of the global nitrites market.
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This report provides an in-depth analysis of the nitrates market in Turkey.
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This report provides an in-depth analysis of the potassium nitrate market in Turkey.
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This report provides an in-depth analysis of the nitrites market in Turkey.
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In July 2022, the potassium nitrate price amounted to $1,432 per ton (CIF, Turkey), jumping by 28% against the previous month.
227
The growth rate of Nitrites imports in October 2022 was the most rapid, with a staggering 447% increase month-to-month. In terms of value, the imports of Nitrites surged to $217K in July 2023.
1029
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In value terms, nitrites and nitrates exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated...
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479
In July 2022, the potassium nitrate price amounted to $1,432 per ton (CIF, Turkey), jumping by 28% against the previous month.
227
The growth rate of Nitrites imports in October 2022 was the most rapid, with a staggering 447% increase month-to-month. In terms of value, the imports of Nitrites surged to $217K in July 2023.
1029
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
In value terms, hydrides, nitrides, azides, silicides and borides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend patte...
