Nitrites; Nitrates Price in Bolivia - 2023
Contents:
Nitrites; Nitrates Price in Bolivia (CIF) - 2022
The average nitrites; nitrates import price stood at $1,674 per ton in 2022, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price attained the peak level of $1,694 per ton; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,506 per ton), while the price for Brazil ($1,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.3%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Imports in Bolivia
For the fourth year in a row, Bolivia recorded growth in supplies from abroad of nitrites; nitrateses, which increased by 17% to 575 tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nitrites; nitrates imports surged to $963K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Nitrites; Nitrates in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 196 | 207 | 371 | 450 | 31.9% |
| China | 167 | 205 | 263 | 332 | 25.7% |
| Brazil | 34.7 | 38.9 | 47.3 | 42.7 | 7.2% |
| Jordan | 83.3 | 25.7 | N/A | N/A | -69.1% |
| Others | 5.4 | 9.4 | 28.6 | 139 | 195.3% |
| Total | 486 | 486 | 710 | 963 | 25.6% |
Top Suppliers of Nitrites; Nitrates to Bolivia in 2022:
- Chile (301.4 tons)
- China (220.3 tons)
- Brazil (42.6 tons)
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