Carbonates; Potassium Carbonate Price in Estonia - 2023

Carbonates; Potassium Carbonate Price in Estonia (CIF) - 2022

In 2022, the average carbonates; potassium carbonate import price amounted to $1,128 per ton, picking up by 176% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 189%. As a result, import price attained the peak level of $3,763 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($1,681 per ton), while the price for Lithuania ($338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+1.0%), while the prices for the other major suppliers experienced a decline.

Carbonates; Potassium Carbonate Price in Estonia (FOB) - 2022

The average carbonates; potassium carbonate export price stood at $1,286 per ton in 2020, dropping by -1.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 6.2%. As a result, the export price reached the peak level of $1,546 per ton. From 2016 to 2020, the average export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Russia amounted to +3.0% per year.

Carbonates; Potassium Carbonate Imports in Estonia

For the fourth consecutive year, Estonia recorded growth in purchases abroad of carbonates; potassium carbonates, which increased by 46% to 32 tons in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 160%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, carbonates; potassium carbonate imports surged to $36K in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Carbonates; Potassium Carbonate in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Latvia	N/A	0.1	N/A	29.4	1614.6%
Poland	N/A	5.4	2.2	5.2	-1.9%
Lithuania	N/A	N/A	6.7	1.2	-82.1%
South Korea	6.2	N/A	N/A	N/A	0%
Others	1.1	0.1	0.1	0.2	-43.3%
Total	7.3	5.5	9.0	36.0	70.2%

Top Suppliers of Carbonates; Potassium Carbonate to Estonia in 2022:

Latvia (17.5 tons)
Poland (10.8 tons)
Lithuania (3.6 tons)

Carbonates; Potassium Carbonate Exports in Estonia

In 2020, the amount of carbonates; potassium carbonates exported from Estonia surged to 2.2 tons, picking up by 50% on the previous year. Over the period under review, total exports indicated a significant increase from 2019 to 2020: its volume increased at an average annual rate of +50.0% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonates; potassium carbonate exports soared to $2.9K in 2020. In general, total exports indicated a significant expansion from 2019 to 2020: its value increased at an average annual rate of +47.4% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.