World - Sodium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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The global sodium nitrate market is expected to see an upward trend in consumption and value over the period from 2022 to 2030, with a forecasted CAGR of +3.0% and +5.2% respectively. Chile is the largest consumer, producer, and exporter of sodium nitrate, with significant growth rates. The United States leads in imports, while Japan and the United Arab Emirates also play key roles in the market. Prices have shown fluctuations, with Russia having the highest export price and Canada the highest import price in 2022.
Market Forecast
Driven by rising demand for sodium nitrate worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 588K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $454M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Sodium Nitrate
In 2022, consumption of sodium nitrate increased by 2.9% to 464K tons, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at 545K tons in 2017; however, from 2018 to 2022, consumption failed to regain momentum.
The global sodium nitrate market size rose significantly to $302M in 2022, growing by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Global consumption peaked at $309M in 2017; however, from 2018 to 2022, consumption remained at a lower figure.
Consumption By Country
Chile (114K tons) constituted the country with the largest volume of sodium nitrate consumption, comprising approx. 24% of total volume. Moreover, sodium nitrate consumption in Chile exceeded the figures recorded by the second-largest consumer, Denmark (35K tons), threefold. The United States (31K tons) ranked third in terms of total consumption with a 6.7% share.
In Chile, sodium nitrate consumption increased at an average annual rate of +26.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Denmark (+1.6% per year) and the United States (-14.1% per year).
In value terms, Chile ($69M) led the market, alone. The second position in the ranking was taken by the United States ($25M). It was followed by Japan.
From 2012 to 2022, the average annual growth rate of value in Chile stood at +25.6%. In the other countries, the average annual rates were as follows: the United States (-10.0% per year) and Japan (+9.8% per year).
In 2022, the highest levels of sodium nitrate per capita consumption was registered in Trinidad and Tobago (15 kg per person), followed by Denmark (6 kg per person), Chile (5.9 kg per person) and the United Arab Emirates (2 kg per person), while the world average per capita consumption of sodium nitrate was estimated at 0.1 kg per person.
In Trinidad and Tobago, sodium nitrate per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Denmark (+1.1% per year) and Chile (+25.1% per year).
Production
World Production of Sodium Nitrate
In 2022, global sodium nitrate production rose markedly to 515K tons, picking up by 7.6% compared with 2021 figures. The total output volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 8.9%. Over the period under review, global production reached the maximum volume in 2022 and is expected to retain growth in the near future.
In value terms, sodium nitrate production shrank to $251M in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8.6%. As a result, production attained the peak level of $276M. From 2014 to 2022, global production growth failed to regain momentum.
Production By Country
The country with the largest volume of sodium nitrate production was Chile (254K tons), accounting for 49% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, Russia (55K tons), fivefold. China (44K tons) ranked third in terms of total production with an 8.6% share.
In Chile, sodium nitrate production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Russia (+10.3% per year) and China (+0.4% per year).
Imports
World Imports of Sodium Nitrate
Global sodium nitrate imports soared to 221K tons in 2022, rising by 18% on 2021 figures. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Global imports peaked at 378K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, sodium nitrate imports soared to $224M in 2022. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, the United States (47K tons), distantly followed by the United Arab Emirates (21K tons), Japan (19K tons), Brazil (13K tons) and the Netherlands (11K tons) represented the key importers of sodium nitrate, together making up 50% of total imports. The following importers - Peru (7.5K tons), Canada (6.8K tons), Pakistan (6.8K tons), Malaysia (5.6K tons), Spain (5.4K tons), Vietnam (5.1K tons), Turkey (4.7K tons) and France (4.3K tons) - together made up 21% of total imports.
Imports into the United States decreased at an average annual rate of -10.8% from 2012 to 2022. At the same time, the United Arab Emirates (+57.9%), Malaysia (+18.7%), Pakistan (+16.1%), Canada (+10.3%), Turkey (+8.0%), the Netherlands (+7.0%), Japan (+4.1%) and France (+1.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +57.9% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Peru (-1.0%), Vietnam (-1.3%) and Spain (-22.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Japan, the Netherlands, Pakistan, Canada, Malaysia, Brazil and Turkey increased by +9.2, +5.1, +3.6, +2.7, +2.4, +2.3, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($49M) constitutes the largest market for imported sodium nitrate worldwide, comprising 22% of global imports. The second position in the ranking was taken by Japan ($23M), with a 10% share of global imports. It was followed by the United Arab Emirates, with a 7.7% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -3.3%. In the other countries, the average annual rates were as follows: Japan (+10.1% per year) and the United Arab Emirates (+57.4% per year).
Import Prices By Country
The average sodium nitrate import price stood at $1,015 per ton in 2022, picking up by 63% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +91.6% against 2020 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 destination: amid the top importers, the country with the highest price was Canada ($1,483 per ton), while Pakistan ($460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.9%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Sodium Nitrate
In 2022, approx. 271K tons of sodium nitrate were exported worldwide; rising by 27% on the previous year's figure. In general, exports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. Over the period under review, the global exports hit record highs at 326K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, sodium nitrate exports skyrocketed to $233M in 2022. Over the period under review, exports continue to indicate a mild increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports By Country
In 2022, Chile (141K tons) represented the key exporter of sodium nitrate, creating 52% of total exports. Russia (38K tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by China (9.6%), the Netherlands (6.1%) and the United States (5.8%). The following exporters - Denmark (8.7K tons), the Czech Republic (5.3K tons) and South Korea (4.3K tons) - together made up 6.7% of total exports.
Exports from Chile decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Russia (+70.8%), the Czech Republic (+60.8%), the Netherlands (+23.3%), South Korea (+17.3%) and the United States (+10.7%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +70.8% from 2012-2022. By contrast, China (-2.5%) and Denmark (-3.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, the Netherlands, the United States and the Czech Republic increased by +14, +5.5, +4.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Chile ($113M) remains the largest sodium nitrate supplier worldwide, comprising 49% of global exports. The second position in the ranking was held by Russia ($43M), with a 19% share of global exports. It was followed by the United States, with a 7.8% share.
In Chile, sodium nitrate exports decreased by an average annual rate of -1.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+74.5% per year) and the United States (+14.2% per year).
Export Prices By Country
The average sodium nitrate export price stood at $858 per ton in 2022, with an increase of 71% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium nitrate export price increased by +95.7% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,157 per ton), while Denmark ($185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global sodium nitrate 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:
- FCL 4005 - Sodium nitrate
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ 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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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