Eastern Europe: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Eastern Europe

In 2022, the East European sodium nitrate market increased by 3.8% to $X, rising for the third consecutive year after three years of decline. In general, consumption showed a pronounced decline. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sodium Nitrate Production in Eastern Europe

In value terms, sodium nitrate production declined modestly to $X in 2022 estimated in export price. In general, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 5.5%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Sodium Nitrate Exports

Exports in Eastern Europe

In 2022, overseas shipments of sodium nitrate decreased by -7% to X tons, falling for the third year in a row after four years of growth. Overall, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 64%. As a result, the exports attained 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 skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) and the Czech Republic (X tons) represented the major exporters of sodium nitrate in Eastern Europe, together reaching approx. 78% of total exports. It was distantly followed by Poland (X tons), creating a 16% share of total exports. Ukraine (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +60.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate supplying countries in Eastern Europe were the Czech Republic ($X), Russia ($X) and Poland ($X), with a combined 95% share of total exports.

Among the main exporting countries, the Czech Republic, with a CAGR of +63.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Sodium Nitrate Imports

Imports in Eastern Europe

In 2022, the amount of sodium nitrate imported in Eastern Europe declined to X tons, waning by -12.3% on 2021 figures. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sodium nitrate imports soared to $X in 2022. Over the period under review, imports showed a perceptible descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons), distantly followed by Estonia (X tons), Romania (X tons), Hungary (X tons) and Bulgaria (X tons) were the major importers of sodium nitrate, together generating 84% of total imports. The following importers - the Czech Republic (X tons) and Ukraine (X tons) - each finished at a 7.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ukraine (with a CAGR of +30.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest sodium nitrate importing markets in Eastern Europe were Poland ($X), Estonia ($X) and Romania ($X), together accounting for 66% of total imports. Bulgaria, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together comprising a further 27%.

Ukraine, with a CAGR of +35.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of 59% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. 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 the import price increased by 61%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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