Report Update Nov 1, 2024

Ecuador - Nitrogen - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Nitrogen Market 2024

Nitrogen Market Size in Ecuador

In 2021, after three years of growth, there was significant decline in the Ecuadorian nitrogen market, when its value decreased by -5.4% to $X. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.1% against 2014 indices. Nitrogen consumption peaked at $X in 2020, and then declined in the following year.

Nitrogen Production in Ecuador

In value terms, nitrogen production declined to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 21%. Nitrogen production peaked at $X in 2020, and then declined in the following year.

Nitrogen Exports

Exports from Ecuador

Nitrogen exports from Ecuador contracted to X cubic meters in 2021, approximately equating 2020. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 6,063% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, nitrogen exports dropped to $X in 2021. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 6,130%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X cubic meters) was the main destination for nitrogen exports from Ecuador, with a 99.9% share of total exports. It was followed by Colombia (X cubic meters), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Peru amounted to +33.5%.

In value terms, Peru ($X) remains the key foreign market for nitrogen exports from Ecuador, comprising 100% of total exports. The second position in the ranking was held by Colombia ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled +18.5%.

Export Prices by Country

In 2021, the average nitrogen export price amounted to $X per cubic meter, shrinking by -5.3% against the previous year. Over the period under review, the export price faced a deep slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 22% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per cubic meter), while the average price for exports to Peru amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+17.2%).

Nitrogen Imports

Imports into Ecuador

Nitrogen imports into Ecuador skyrocketed to X cubic meters in 2021, surging by 338% on the previous year's figure. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogen imports soared to $X in 2021. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Colombia (X cubic meters) constituted the largest nitrogen supplier to Ecuador, with a 52% share of total imports. Moreover, nitrogen imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X cubic meters), twofold. The third position in this ranking was held by the United States (X cubic meters), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Colombia stood at +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.9% per year) and the United States (-1.7% per year).

In value terms, the largest nitrogen suppliers to Ecuador were China ($X), Panama ($X) and Colombia ($X), with a combined 48% share of total imports.

Panama, with a CAGR of +281.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nitrogen import price amounted to $X per cubic meter, waning by -16.6% against the previous year. Over the period under review, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 107%. As a result, import price attained the peak level of $X per cubic meter. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per cubic meter), while the price for Colombia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrogen in the world?

China constituted the country with the largest volume of nitrogen consumption, accounting for 19% of total volume. Moreover, nitrogen consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of nitrogen in the world?

China remains the largest nitrogen producing country worldwide, accounting for 19% of total volume. Moreover, nitrogen production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of nitrogen to Ecuador?

In value terms, the largest nitrogen suppliers to Ecuador were Panama, Colombia and the United States, together accounting for 43% of total imports.

What are the leading importers of nitrogen from Ecuador?

In value terms, Peru remains the key foreign market for nitrogen exports from Ecuador.

What is the average export price for nitrogen in Ecuador?

In 2021, the average nitrogen export price amounted to $0.4 per cubic meter, declining by -5.3% against the previous year.

What is the average import price for nitrogen in Ecuador?

In 2021, the average nitrogen import price amounted to $3.8 per cubic meter, shrinking by -49.8% against the previous year.

This report provides an in-depth analysis of the nitrogen market in Ecuador. 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 20111160 - Nitrogen

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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