Report Update Nov 1, 2024

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

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Uruguay: Nitrates Market 2024

Nitrates Market Size in Uruguay

In 2021, after two years of growth, there was significant decline in the Uruguayan nitrates market, when its value decreased by -50.2% to $X. In general, consumption showed a abrupt decline. Nitrates consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Nitrates Exports

Exports from Uruguay

In 2021, approx. X tons of nitrates (excluding those of potassium) were exported from Uruguay; remaining stable against the previous year. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 383%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, nitrates exports stood at $X in 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 102%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Free Zones (X tons) was the main destination for nitrates exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Free Zones was relatively modest.

In value terms, Free Zones ($X) also remains the key foreign market for nitrates (excluding those of potassium) exports from Uruguay.

From 2014 to 2021, the average annual growth rate of value to Free Zones was relatively modest.

Export Prices by Country

In 2021, the average nitrates export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price decreased by -15.9%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2014 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -18.8% per year.

Nitrates Imports

Imports into Uruguay

In 2021, overseas purchases of nitrates (excluding those of potassium) decreased by -61.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of 58% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, nitrates imports reduced rapidly to $X in 2021. Over the period under review, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Norway (X tons), Portugal (X tons) and Israel (X tons) were the main suppliers of nitrates imports to Uruguay, together comprising 47% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +8.6%), while imports for the other leaders experienced a decline.

In value terms, Norway ($X) constituted the largest supplier of nitrates (excluding those of potassium) to Uruguay, comprising 24% of total imports. The second position in the ranking was taken by South Africa ($X), with a 10% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-14.2% per year) and Israel (+4.3% per year).

Import Prices by Country

The average nitrates import price stood at $X per ton in 2021, growing by 43% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nitrates import price increased by +69.4% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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, comprising approx. 30% of total volume. Moreover, nitrates production in China exceeded the figures recorded by the second-largest producer, Norway, threefold. India ranked third in terms of total production with a 7.5% share.

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

In value terms, the largest nitrates suppliers to Uruguay were Norway, Portugal and South Africa $762), with a combined 53% share of total imports. Israel, France, Italy and Poland lagged somewhat behind, together accounting for a further 30%.

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

In 2020, the average nitrates export price amounted to $761 per ton, remaining constant against the previous year.

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

In 2021, the average nitrates import price amounted to $459 per ton, rising by 28% against the previous year.

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

Uruguay

Data coverage:

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