Report Update Jan 1, 2025

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

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Chile: Nitrates Market 2025

Nitrates Market Size in Chile

In 2021, the Chilean nitrates market increased by 4.7% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a buoyant expansion. Nitrates consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Nitrates Exports

Exports from Chile

For the fourth consecutive year, Chile recorded growth in overseas shipments of nitrates (excluding those of potassium), which increased by 193% to X tons in 2021. In general, exports, however, showed a significant decline. The pace of growth appeared the most rapid in 2014 when exports increased by 147,008% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nitrates exports surged to $X in 2021. Overall, exports, however, faced a precipitous shrinkage. The growth pace was the most rapid in 2014 when exports increased by 131,050%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for nitrates exports from Chile, with a 94% share of total exports. Moreover, nitrates exports to South Africa exceeded the volume sent to the second major destination, Indonesia (X kg), more than tenfold. Finland (X kg) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa stood at -34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-44.7% per year) and Finland (-56.8% per year).

In value terms, South Africa ($X) remains the key foreign market for nitrates (excluding those of potassium) exports from Chile, comprising 92% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.5% share of total exports. It was followed by Finland, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa amounted to -30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-42.1% per year) and Finland (-55.2% per year).

Export Prices by Country

The average nitrates export price stood at $X per ton in 2021, which is down by -45.8% against the previous year. Overall, the export price, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2016 an increase of 25%. The export price peaked at $X per ton in 2020, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrates Imports

Imports into Chile

In 2021, supplies from abroad of nitrates (excluding those of potassium) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 80%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, nitrates imports fell to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 135%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest nitrates supplier to Chile, accounting for a 67% share of total imports. Moreover, nitrates imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+1.2% per year) and the Czech Republic (+11.9% per year).

In value terms, the largest nitrates suppliers to Chile were China ($X), Norway ($X) and Spain ($X), with a combined 93% share of total imports.

Spain, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrates import price stood at $X per ton in 2021, shrinking by -26.7% against the previous year. Overall, the import price saw a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest nitrates consuming country worldwide, accounting for 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?

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

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

In value terms, China constituted the largest supplier of nitrates to Chile, comprising 84% of total imports. The second position in the ranking was occupied by Spain, with a 10% share of total imports.

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

The average nitrates export price stood at $1,148 per ton in 2021, with a decrease of -60.2% against the previous year.

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

In 2021, the average nitrates import price amounted to $265 per ton, falling by -29.2% against the previous year.

This report provides an in-depth analysis of the nitrates market in Chile. 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:

Chile

Data coverage:

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

Reasons to buy this report:

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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024