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Discover the expected growth in the nitrites market over the next six years driven by increasing global demand. By 2030, market volume is projected to reach 240K tons while market value is anticipated to hit $232M in nominal prices.
Imports of Nitrites peaked at 6.4K tons before experiencing a significant decline the following year. In terms of value, nitrites imports quickly decreased to $5.3M in 2023.
Nitrites imports peaked at 4.8K tons in 2018, but from 2019 to 2023, they remained at a slightly lower level. In terms of value, imports of Nitrites surged to $985K in 2023.
The Nitrites imports peaked at 2.1K tons in 2022 but decreased to $2.2M in 2023.
In November 2023, the growth pace of Nitrites exports was the most rapid, increasing by 50% month-to-month. The value of Nitrites exports expanded remarkably to $2M in December 2023.
Nitrites exports saw a remarkable 50% month-on-month growth in November 2023, reaching a total value of $2M in December 2023.
The growth rate of Nitrites was the highest in June 2023, with a month-to-month increase of 46%. In terms of value, Nitrites exports reached $1.6M in September 2023.
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.
In June 2023, the price of Nitrites reached $562 per ton (CIF, Netherlands), representing a 27% increase compared to the previous month.
The price of Nitrites in June 2023 reached $1,488 per ton (CIF, Brazil), showing a 15% increase compared to the previous month.
In April 2023, the nitrites price stood at $1,445 per ton (CIF, US), increasing by 12% against the previous month.
In December 2022, nitrite prices reached $1,537 per ton on a Cost Insurance and Freight (CIF) basis in South Africa, a 60% rise compared to the previous month.
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