EU: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in the EU

The EU sodium nitrate market skyrocketed to $X in 2022, with an increase of 52% against the previous year. Overall, consumption, however, saw a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sodium Nitrate Production in the EU

In value terms, sodium nitrate production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Sodium Nitrate Exports

Exports in the EU

In 2022, shipments abroad of sodium nitrate decreased by -8.6% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 94%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sodium nitrate exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands prevails in exports structure, amounting to X tons, which was near 76% of total exports in 2022. Denmark (X tons) took the second position in the ranking, followed by the Czech Republic (X tons). All these countries together held near 15% share of total exports. Poland (X tons), Spain (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sodium nitrate exports from the Netherlands stood at +38.8%. At the same time, the Czech Republic (+60.8%) and Spain (+3.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +60.8% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Denmark (-7.5%) and Belgium (-9.3%) illustrated a downward trend over the same period. The Netherlands (+68 p.p.) and the Czech Republic (+7.2 p.p.) significantly strengthened its position in terms of the total exports, while Spain, Poland, Belgium and Denmark saw its share reduced by -2.1%, -6.9%, -10.6% and -41.7% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) emerged as the largest sodium nitrate supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +32.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+63.9% per year) and Poland (+6.6% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Netherlands ($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 the EU

Sodium nitrate imports surged to X tons in 2022, with an increase of 83% on the previous year. In general, imports, however, saw a perceptible contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sodium nitrate imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands prevails in imports structure, resulting at X tons, which was near 56% of total imports in 2022. Spain (X tons) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by France (5.7%) and Germany (5.3%). Belgium (X tons), Sweden (X tons), Poland (X tons), Austria (X tons), Italy (X tons), Estonia (X tons) and Ireland (X tons) held a minor share of total imports.

The Netherlands was also the fastest-growing in terms of the sodium nitrate imports, with a CAGR of +23.3% from 2012 to 2022. At the same time, Austria (+5.2%), France (+2.6%) and Ireland (+2.0%) displayed positive paces of growth. By contrast, Estonia (-1.4%), Germany (-3.2%), Italy (-3.4%), Poland (-4.2%), Sweden (-7.7%), Belgium (-15.5%) and Spain (-20.6%) illustrated a downward trend over the same period. While the share of the Netherlands (+51 p.p.), France (+2.8 p.p.) and Austria (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-1.5 p.p.), Belgium (-9 p.p.) and Spain (-46.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sodium nitrate importing markets in the European Union were the Netherlands ($X), France ($X) and Spain ($X), together comprising 45% of total imports.

The Netherlands, with a CAGR of +20.9%, recorded the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, falling by -3.9% against the previous year. In general, the import price continues to indicate a slight downturn. The growth pace was the most rapid in 2021 when the import price increased by 50% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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