EU: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in the EU

The EU sodium nitrate market soared to $X in 2023, jumping by X% against the previous year. Overall, consumption, however, saw a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Sodium Nitrate Production in the EU

In value terms, sodium nitrate production fell to $X in 2023 estimated in export price. In general, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Sodium Nitrate Exports

Exports in the EU

In 2023, shipments abroad of sodium nitrate decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, sodium nitrate exports shrank slightly to $X in 2023. Over the period under review, exports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands was the main exporter of sodium nitrate in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%) and Belgium (X%). Denmark (X tons), Spain (X tons) and Lithuania (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest sodium nitrate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

In the Netherlands, sodium nitrate exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Sodium Nitrate Imports

Imports in the EU

For the third consecutive year, the European Union recorded decline in overseas purchases of sodium nitrate, which decreased by X% to X tons in 2023. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sodium nitrate imports rose notably to $X in 2023. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by France (X tons), Belgium (X tons), Romania (X tons), Germany (X tons), Italy (X tons), Sweden (X tons), Spain (X tons), Austria (X tons) and Lithuania (X tons) represented the key importers of sodium nitrate, together creating X% of total imports. Poland (X tons), Ireland (X tons) and Hungary (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate importing markets in the European Union were the Netherlands ($X), France ($X) and Belgium ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform