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Report CIS - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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CIS: Nitrates Market 2024

Nitrates Market Size in CIS

The CIS nitrates market surged to $X in 2021, increasing by 17% against the previous year. Overall, consumption, however, showed a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nitrates Production in CIS

In value terms, nitrates production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 39%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Nitrates Exports

Exports in CIS

In 2021, overseas shipments of nitrates (excluding those of potassium) increased by 9.5% to X tons, rising for the second consecutive year after five years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 851% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, nitrates exports surged to $X in 2021. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 517% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of nitrates (excluding those of potassium), namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the nitrates (excluding those of potassium) exports, with a CAGR of +24.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest nitrates supplier in the CIS.

In Russia, nitrates exports increased at an average annual rate of +6.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 6.3% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 when the export price increased by 6.8% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Russia amounted to -14.1% per year.

Nitrates Imports

Imports in CIS

Nitrates imports declined notably to X tons in 2021, with a decrease of -31.5% compared with the previous year. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 166% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, nitrates imports reduced markedly to $X in 2021. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons) and Kazakhstan (X tons) represented roughly 61% of total imports in 2021. Belarus (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Azerbaijan (15%). Uzbekistan (X tons) and Armenia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Azerbaijan (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported nitrates (excluding those of potassium) in the CIS, comprising 51% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Azerbaijan, with a 12% share.

In Russia, nitrates imports decreased by an average annual rate of -11.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+12.7% per year) and Azerbaijan (+30.9% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($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 (+6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia constituted the country with the largest volume of nitrates consumption, accounting for 88% of total volume. Moreover, nitrates consumption in Russia exceeded the figures recorded by the second-largest consumer, Kazakhstan, more than tenfold. The third position in this ranking was occupied by Belarus, with a 2.6% share.
Russia constituted the country with the largest volume of nitrates production, accounting for 100% of total volume.
In value terms, Russia remains the largest nitrates supplier in the CIS.
In value terms, Russia constitutes the largest market for imported nitrates excluding those of potassium) in the CIS, comprising 47% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 21% share of total imports. It was followed by Azerbaijan, with an 11% share.
The export price in the CIS stood at $379 per ton in 2021, with an increase of 8.2% against the previous year.
The import price in the CIS stood at $576 per ton in 2021, surging by 3% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in CIS, split by region and country
  • Trade (exports and imports) in CIS
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • Uzbekistan

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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