Nitrites; Nitrates Price in the United Arab Emirates - 2021

Contents:

  1. Nitrites; Nitrates Price in the United Arab Emirates (CIF) - 2022
  2. Nitrites; Nitrates Price in the United Arab Emirates (FOB) - 2022
  3. Nitrites; Nitrates Imports in the United Arab Emirates
  4. Nitrites; Nitrates Exports in the United Arab Emirates

Nitrites; Nitrates Price in the United Arab Emirates (CIF) - 2022

In 2022, the average nitrites; nitrates import price amounted to $828 per ton, picking up by 15% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $1,088 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,804 per ton), while the price for Chile ($786 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Nitrites; Nitrates Price in the United Arab Emirates (FOB) - 2022

The average nitrites; nitrates export price stood at $403 per ton in 2022, dropping by -54.5% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 61% against the previous year. Over the period under review, the average export prices attained the maximum at $1,268 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($2,700 per ton), while the average price for exports to India ($328 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 Angola (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites; Nitrates Imports in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of nitrites; nitrateses, when their volume decreased by -23.8% to 39K tons. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 272% against the previous year.

In value terms, nitrites; nitrates imports shrank to $32M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 163% against the previous year.

Import of Nitrites; Nitrates in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChileN/A21.432.926.711.7%
JordanN/AN/AN/A2.00%
India0.80.20.71.111.2%
China1.40.52.01.1-7.7%
Netherlands3.00.1N/AN/A-96.7%
Others3.40.30.91.1-31.4%
Total8.522.536.531.955.4%

Top Suppliers of Nitrites; Nitrates to the United Arab Emirates in 2022:

  1. Chile (33.9K tons)
  2. Jordan (1.4K tons)
  3. China (1.1K tons)
  4. India (1.0K tons)

Nitrites; Nitrates Exports in the United Arab Emirates

In 2022, exports of nitrites; nitrateses from the United Arab Emirates soared to 1.1K tons, picking up by 123% against 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrites; nitrates exports expanded modestly to $447K in 2022. In general, exports, however, faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year.

Export of Nitrites; Nitrates in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India37.231.916.5311103.0%
Oman80.682.618738.9-21.6%
Pakistan4.22.516128.188.4%
Serbia89.5N/AN/AN/A0%
Kuwait12123.528.8N/A-51.2%
Malaysia14.9N/AN/AN/A0%
Mali299N/AN/AN/A0%
TanzaniaN/A105N/AN/A0%
Others70.859.246.868.6-1.0%
Total717305440447-14.6%

Top Export Markets for Nitrites; Nitrates from the United Arab Emirates in 2022:

  1. India (948.8 tons)
  2. Oman (111.5 tons)
  3. Pakistan (18.2 tons)

Source: IndexBox Market Intelligence Platform

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