CIS: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in CIS

The CIS sodium nitrate market expanded markedly to $X in 2022, surging by 11% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Nitrate Production in CIS

In value terms, sodium nitrate production reached $X in 2022 estimated in export price. Overall, production showed a perceptible contraction. The growth pace was the most rapid in 2020 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sodium Nitrate Exports

Exports in CIS

Sodium nitrate exports rose slightly to X tons in 2022, growing by 2.3% compared with the previous year. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 124%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, sodium nitrate exports expanded to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 82% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the key exporting country with an export of about X tons, which amounted to 84% of total exports. It was distantly followed by Uzbekistan (X tons), committing a 16% share of total exports.

Russia was also the fastest-growing in terms of the sodium nitrate exports, with a CAGR of +15.5% from 2012 to 2022. At the same time, Uzbekistan (+13.9%) displayed positive paces of growth. While the share of Uzbekistan (+16 p.p.) and Russia (+15 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest sodium nitrate supplier in the CIS, comprising 78% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports.

In Russia, sodium nitrate exports increased at an average annual rate of +11.1% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of 33%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.6%).

Sodium Nitrate Imports

Imports in CIS

In 2022, purchases abroad of sodium nitrate increased by 51% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sodium nitrate imports surged to $X in 2022. Overall, imports, however, showed a deep contraction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, amounting to X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Tajikistan (X tons), comprising a 5.6% share of total imports. Belarus (X tons), Kyrgyzstan (X tons) and Russia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sodium nitrate imports into Kazakhstan stood at +3.4%. At the same time, Tajikistan (+14.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +14.1% from 2012-2022. By contrast, Belarus (-7.4%), Kyrgyzstan (-12.3%) and Russia (-32.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Tajikistan increased by +53 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported sodium nitrate in the CIS, comprising 85% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 5.5% share of total imports. It was followed by Belarus, with a 3.2% share.

In Kazakhstan, sodium nitrate imports expanded at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (+15.3% per year) and Belarus (-7.5% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by 6.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Tajikistan ($X per ton), while Kyrgyzstan ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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