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Report World - Nitrites - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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Global Nitrites Market 2024

Nitrites Market Size

In 2021, the global nitrites market increased by 2.3% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +51.5% against 2018 indices. Over the period under review, the global market hit record highs in 2021 and is expected to retain growth in the immediate term.

Nitrites Production

In value terms, nitrites production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, production reached the peak level of $X, and then contracted in the following year.

Nitrites Exports

Exports

In 2021, shipments abroad of nitrites increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. Over the period under review, the global exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, nitrites exports soared to $X in 2021. In general, exports, however, continue to indicate a pronounced reduction. Over the period under review, the global exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporter of nitrites in the world, with the volume of exports reaching X tons, which was near 45% of total exports in 2021. India (X tons) took the second position in the ranking, followed by the United States (X tons) and Russia (X tons). All these countries together took approx. 44% share of total exports. The Netherlands (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -3.2% from 2012 to 2021. At the same time, India (+13.2%), the Netherlands (+6.6%), Russia (+6.3%) and the United States (+3.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.2% from 2012-2021. India (+17 p.p.), China (+11 p.p.), the United States (+9.4 p.p.) and Russia (+5.7 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nitrites supplier worldwide, comprising 41% of global exports. The second position in the ranking was held by India ($X), with a 20% share of global exports. It was followed by the United States, with a 14% share.

In China, nitrites exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+11.4% per year) and the United States (-0.0% per year).

Export Prices by Country

In 2021, the average nitrites export price amounted to $X per ton, surging by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 an increase of 18%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the United States ($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 (+3.5%), while the other global leaders experienced mixed trends in the export price figures.

Nitrites Imports

Imports

In 2021, after two years of decline, there was significant growth in purchases abroad of nitrites, when their volume increased by 21% to X tons. Overall, imports, however, showed a slight contraction. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nitrites imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, global imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of nitrites imports in 2021 were India (X tons), South Korea (X tons), the United States (X tons), Nigeria (X tons), Japan (X tons), the Netherlands (X tons), Canada (X tons), Taiwan (Chinese) (X tons), Brazil (X tons), France (X tons), Germany (X tons) and Indonesia (X tons), together finishing at 70% of total import. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +52.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest nitrites importing markets worldwide were India ($X), South Korea ($X) and the United States ($X), with a combined 28% share of global imports. The Netherlands, Nigeria, Canada, Japan, Taiwan (Chinese), Brazil, Germany, France, Indonesia and Thailand lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Nigeria, with a CAGR of +60.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nitrites import price amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Brazil ($X per ton), while France ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, together comprising 30% of global consumption. Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine lagged somewhat behind, together accounting for a further 40%.
China constituted the country with the largest volume of nitrites production, comprising approx. 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. Russia ranked third in terms of total production with a 6.3% share.
In value terms, China, Germany and India constituted the countries with the highest levels of exports in 2021, with a combined 72% share of global exports.
In value terms, India, the United States and Canada were the countries with the highest levels of imports in 2021, together comprising 26% of global imports. The Netherlands, South Korea, Nigeria, Japan, Zambia, Brazil, Taiwan Chinese), Germany, France and Thailand lagged somewhat behind, together accounting for a further 43%.
In 2021, the average nitrites export price amounted to $592 per ton, dropping by -7.4% against the previous year.
The average nitrites import price stood at $751 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the global nitrites market. 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 20152080 - Nitrites

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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