Nitrites; Nitrates Price in Indonesia - 2022
Contents:
- Nitrites; Nitrates Price in Indonesia (CIF) - 2022
- Nitrites; Nitrates Price in Indonesia (FOB) - 2022
- Nitrites; Nitrates Imports in Indonesia
- Nitrites; Nitrates Exports in Indonesia
Nitrites; Nitrates Price in Indonesia (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,075 per ton, with an increase of 31% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. 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 Australia ($1,710 per ton), while the price for Malaysia ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Indonesia (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $696 per ton, reducing by -27.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $961 per ton, and then contracted markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($1,722 per ton), while the average price for exports to the Philippines stood at $532 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+18.4%).
Nitrites; Nitrates Imports in Indonesia
In 2022, supplies from abroad of nitrites; nitrateses decreased by -14.8% to 16K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, nitrites; nitrates imports expanded significantly to $17M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nitrites; Nitrates in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 8.1 | 8.1 | 8.0 | 12.6% |
| Australia | 3.2 | 1.9 | 1.7 | 2.7 | -5.5% |
| South Africa | 0.8 | 1.0 | 1.0 | 1.0 | 7.7% |
| Chile | 0.5 | 0.6 | 0.7 | 1.0 | 26.0% |
| India | 0.1 | 0.1 | 0.3 | 0.9 | 108.0% |
| Malaysia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Hong Kong SAR | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 2.3 | 2.2 | 3.1 | 3.0 | 9.3% |
| Total | 12.8 | 14.5 | 15.1 | 16.9 | 9.7% |
Top Suppliers of Nitrites; Nitrates to Indonesia in 2022:
- China (9.3K tons)
- Australia (1.6K tons)
- South Africa (1.3K tons)
- India (1.2K tons)
- Chile (0.8K tons)
- Malaysia (0.4K tons)
- Hong Kong SAR (0.3K tons)
Nitrites; Nitrates Exports in Indonesia
In 2022, approx. 655 tons of nitrites; nitrateses were exported from Indonesia; rising by 70% compared with the previous year. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 852%. As a result, the exports attained the peak of 933 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, nitrites; nitrates exports soared to $456K in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 757%. As a result, the exports attained the peak of $542K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Nitrites; Nitrates in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 49.5 | 395 | 264 | 320 | 86.3% |
| South Africa | 7.4 | 59.4 | 31.7 | 62.7 | 103.9% |
| Others | 6.3 | 88.0 | 74.8 | 73.5 | 126.8% |
| Total | 63.3 | 542 | 371 | 456 | 93.1% |
Top Export Markets for Nitrites; Nitrates from Indonesia in 2022:
- Philippines (602.3 tons)
- South Africa (36.4 tons)
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1352
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