Report Update Nov 1, 2024

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

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Iran: Nitrates Market 2024

Nitrates Market Size in Iran

The Iranian nitrates market rose markedly to $X in 2021, growing by 7.8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nitrates Production in Iran

In value terms, nitrates production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34%. Nitrates production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Nitrates Exports

Exports from Iran

For the fourth consecutive year, Iran recorded growth in shipments abroad of nitrates (excluding those of potassium), which increased by 2.5% to X tons in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,609% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitrates exports dropped modestly to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 1,272% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for nitrates exports from Iran, accounting for a 81% share of total exports. Moreover, nitrates exports to Oman exceeded the volume sent to the second major destination, Armenia (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +158.7%.

In value terms, Oman ($X) remains the key foreign market for nitrates (excluding those of potassium) exports from Iran, comprising 88% of total exports. The second position in the ranking was taken by Armenia ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to +127.3%.

Export Prices by Country

In 2021, the average nitrates export price amounted to $X per ton, waning by -3.6% against the previous year. In general, the export price faced a deep setback. Over the period under review, the average 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Armenia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-12.1%).

Nitrates Imports

Imports into Iran

Nitrates imports into Iran shrank notably to X tons in 2021, dropping by -42.3% on 2020 figures. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 294% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, nitrates imports declined significantly to $X in 2021. Overall, imports saw a sharp setback. The pace of growth appeared the most rapid in 2016 with an increase of 159% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Turkey (X tons) and China (X tons) were the main suppliers of nitrates imports to Iran, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +25.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Turkey ($X) and China ($X) were the largest nitrates suppliers to Iran, with a combined 77% share of total imports.

Turkey, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average nitrates import price amounted to $X per ton, declining by -5.3% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates consumption was China, accounting for 20% of total volume. Moreover, nitrates consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.5% share.

What are the largest producers of nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates production was China, accounting for 30% of total volume. Moreover, nitrates production in China exceeded the figures recorded by the second-largest producer, Norway, threefold. The third position in this ranking was occupied by India, with a 7.5% share.

What are the leading suppliers of nitrates (excluding those of potassium) to Iran?

In value terms, China, Poland and Germany appeared to be the largest nitrates suppliers to Iran, with a combined 59% share of total imports. Turkey, the Netherlands and India lagged somewhat behind, together accounting for a further 28%.

What are the leading importers of nitrates (excluding those of potassium) from Iran?

In value terms, Oman remains the key foreign market for nitrates exports from Iran, comprising 91% of total exports. The second position in the ranking was occupied by Armenia, with a 7.1% share of total exports.

What is the average export price for nitrates (excluding those of potassium) in Iran?

In 2021, the average nitrates export price amounted to $171 per ton, with a decrease of -9.8% against the previous year.

What is the average import price for nitrates (excluding those of potassium) in Iran?

In 2021, the average nitrates import price amounted to $721 per ton, leveling off at the previous year.

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

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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