Report Update Nov 1, 2024

Belarus - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Nitrates Market 2024

Nitrates Market Size in Belarus

The Belarusian nitrates market skyrocketed to $X in 2021, increasing by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Nitrates Exports

Exports from Belarus

In 2021, overseas shipments of nitrates (excluding those of potassium) decreased by -49.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 3,417% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitrates exports fell notably to $X in 2021. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 3,633%. The exports peaked at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for nitrates exports from Belarus, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +19.2%.

In value terms, Russia ($X) also remains the key foreign market for nitrates (excluding those of potassium) exports from Belarus.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +19.5%.

Export Prices by Country

The average nitrates export price stood at $X per ton in 2021, increasing by 21% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 23%. The export price peaked in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Ukraine amounted to +26.6% per year.

Nitrates Imports

Imports into Belarus

In 2021, overseas purchases of nitrates (excluding those of potassium) increased by 3.1% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, nitrates imports soared to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of nitrates to Belarus, with a 84% share of total imports. Moreover, nitrates imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), ninefold. The third position in this ranking was held by Norway (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+36.2% per year) and Norway (-19.1% per year).

In value terms, Russia ($X) constituted the largest supplier of nitrates (excluding those of potassium) to Belarus, comprising 85% of total imports. The second position in the ranking was held by Ukraine ($X), with a 7.2% share of total imports. It was followed by Norway, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+26.4% per year) and Norway (-19.8% per year).

Import Prices by Country

The average nitrates import price stood at $X per ton in 2021, growing by 16% against the previous year. In general, the import price, however, saw a abrupt decrease. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates consumption was China, comprising approx. 20% of total volume. Moreover, nitrates consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.5% share.

What are the largest producers of nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates production was China, comprising approx. 30% of total volume. Moreover, nitrates production in China exceeded the figures recorded by the second-largest producer, Norway, threefold. India ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of nitrates (excluding those of potassium) to Belarus?

In value terms, Russia constituted the largest supplier of nitrates to Belarus, comprising 85% of total imports. The second position in the ranking was occupied by Ukraine, with an 8.1% share of total imports. It was followed by Norway, with a 3.5% share.

What are the leading importers of nitrates (excluding those of potassium) from Belarus?

In value terms, Russia remains the key foreign market for nitrates exports from Belarus.

What is the average export price for nitrates (excluding those of potassium) in Belarus?

The average nitrates export price stood at $526 per ton in 2021, remaining stable against the previous year.

What is the average import price for nitrates (excluding those of potassium) in Belarus?

In 2021, the average nitrates import price amounted to $364 per ton, surging by 1.6% against the previous year.

This report provides an in-depth analysis of the nitrates market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134210 - Nitrates (excluding those of potassium)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023