Nitrites; Nitrates Price in Serbia - 2023
Contents:
- Nitrites; Nitrates Price in Serbia (CIF) - 2022
- Nitrites; Nitrates Price in Serbia (FOB) - 2022
- Nitrites; Nitrates Imports in Serbia
- Nitrites; Nitrates Exports in Serbia
Nitrites; Nitrates Price in Serbia (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,443 per ton, with an increase of 76% against the previous year. In general, the import price showed measured growth. Over the period under review, average import prices attained the peak figure at $1,958 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 ($2,020 per ton), while the price for Norway ($589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Serbia (FOB) - 2022
The average nitrites; nitrates export price stood at $2,053 per ton in 2022, rising by 54% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 76%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($2,125 per ton), while the average price for exports to North Macedonia ($1,629 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 Bosnia and Herzegovina (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrites; Nitrates Imports in Serbia
In 2022, the amount of nitrites; nitrateses imported into Serbia shrank significantly to 1.8K tons, with a decrease of -28.5% compared with the previous year. Overall, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year.
In value terms, nitrites; nitrates imports skyrocketed to $2.6M in 2022. In general, imports recorded a abrupt contraction.
| Import of Nitrites; Nitrates in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 66.9 | 231 | 175 | 1,229 | 163.9% |
| Netherlands | 154 | 168 | 91.7 | 730 | 68.0% |
| Belgium | 320 | 335 | 151 | 111 | -29.7% |
| Germany | 17.1 | 50.3 | 72.5 | 105 | 83.1% |
| Hungary | 66.0 | N/A | N/A | 99.2 | 14.5% |
| Denmark | 23.9 | 64.2 | 168 | 58.4 | 34.7% |
| Norway | 2.3 | 42.9 | 64.7 | 42.4 | 164.2% |
| Greece | 3,243 | 301 | 763 | 29.1 | -79.2% |
| China | 283 | 410 | 0.8 | 6.0 | -72.3% |
| Switzerland | N/A | N/A | 381 | N/A | 0% |
| Others | 422 | 173 | 160 | 142 | -30.4% |
| Total | 4,598 | 1,776 | 2,028 | 2,552 | -17.8% |
Top Suppliers of Nitrites; Nitrates to Serbia in 2022:
- Chile (810.5 tons)
- Netherlands (470.4 tons)
- Hungary (150.1 tons)
- Norway (72.0 tons)
- Belgium (70.0 tons)
- Germany (52.0 tons)
- Denmark (33.8 tons)
- Greece (24.0 tons)
- China (2.0 tons)
Nitrites; Nitrates Exports in Serbia
For the fourth consecutive year, Serbia recorded growth in overseas shipments of nitrites; nitrateses, which increased by 10% to 52 tons in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nitrites; nitrates exports surged to $108K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Nitrites; Nitrates in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 15.5 | 7.7 | 3.7 | 56.5 | 53.9% |
| Bosnia and Herzegovina | 2.5 | 7.8 | 17.0 | 28.0 | 123.7% |
| North Macedonia | 7.1 | 9.7 | 5.3 | 20.0 | 41.2% |
| Greece | N/A | 2.4 | 17.4 | N/A | 625.0% |
| Croatia | N/A | 0.5 | 10.9 | N/A | 2080.0% |
| Others | 0.4 | 1.0 | 9.3 | 3.1 | 97.9% |
| Total | 25.5 | 29.1 | 63.6 | 108 | 61.8% |
Top Export Markets for Nitrites; Nitrates from Serbia in 2022:
- Montenegro (26.6 tons)
- Bosnia and Herzegovina (13.3 tons)
- North Macedonia (12.3 tons)
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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...
652
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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...
938
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...
652
In value terms, hydrides, nitrides, azides, silicides and borides exports totaled $X in 2016. Overall, hydrides, nitrides, azides, silicides and borides exports continue to indicate a relatively fl...
