Russian Federation: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in the Russian Federation

The Russian sodium nitrate market amounted to $X in 2022, with an increase of 2% against the previous year. In general, consumption showed a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sodium Nitrate Production in the Russian Federation

In value terms, sodium nitrate production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sodium Nitrate Exports

Exports from the Russian Federation

In 2022, exports of sodium nitrate from Russia dropped modestly to X tons, waning by -2.2% compared with the year before. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by 139% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sodium nitrate exports reduced to $X in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 97% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Kazakhstan (X tons) and Mongolia (X tons) were the main destinations of sodium nitrate exports from Russia, with a combined 81% share of total exports. Poland, Bulgaria, Zambia and Belarus lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +434.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sodium nitrate exported from Russia were Mongolia ($X), Pakistan ($X) and Kazakhstan ($X), with a combined 80% share of total exports. Bulgaria, Poland, Zambia and Belarus lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +387.9%, recorded the highest growth rate of 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 average sodium nitrate export price amounted to $X per ton, with a decrease of -6.1% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Imports

Imports into the Russian Federation

In 2022, the amount of sodium nitrate imported into Russia shrank to X tons, reducing by -8% against the year before. Overall, imports saw a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 229% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sodium nitrate imports fell remarkably to $X in 2022. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 145%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) was the main sodium nitrate supplier to Russia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to -32.9%.

In value terms, Ukraine ($X) constituted the largest supplier of sodium nitrate to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled -31.8%.

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, reducing by -23.5% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium nitrate import price decreased by -43.0% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 29%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ukraine.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +1.6% per year.

Source: IndexBox Platform

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