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Lithuania - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Lithuania - 2023
Contents:
- NPK Fertilizer Price in Lithuania (CIF) - 2022
- NPK Fertilizer Price in Lithuania (FOB) - 2023
- NPK Fertilizer Imports in Lithuania
- NPK Fertilizer Exports in Lithuania
NPK Fertilizer Price in Lithuania (CIF) - 2022
In 2022, the average NPK fertilizer import price amounted to $700 per ton, increasing by 71% against the previous year. Overall, the import price recorded temperate growth. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,033 per ton), while the price for Norway ($309 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in Lithuania (FOB) - 2023
The average NPK fertilizer export price stood at $589 per ton in September 2023, approximately equating the previous month. In general, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in May 2023 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,007 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the highest price was recorded for prices to Ukraine ($624 per ton) and Poland ($598 per ton), while the average price for exports to Estonia ($507 per ton) and Latvia ($547 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
NPK Fertilizer Imports in Lithuania
In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -65.2% to 232K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 7.9% against the previous year. As a result, imports attained the peak of 668K tons, and then declined rapidly in the following year.
In value terms, NPK fertilizer imports shrank notably to $163M in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $275M, and then shrank significantly in the following year.
Import of NPK Fertilizer in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 39.2 | 30.1 | 75.9 | 43.5 | 3.5% |
Morocco | N/A | N/A | N/A | 27.3 | 0% |
Poland | 9.2 | 3.6 | 6.8 | 24.5 | 38.6% |
Netherlands | 7.2 | 17.0 | 30.3 | 17.1 | 33.4% |
Latvia | 10.2 | 11.1 | 11.7 | 15.2 | 14.2% |
Russia | 35.0 | 45.5 | 48.0 | 6.0 | -44.4% |
Norway | 11.6 | 2.3 | 1.2 | 5.5 | -22.0% |
Belarus | 72.3 | 67.5 | 94.5 | 5.1 | -58.7% |
Others | 6.2 | 5.1 | 6.1 | 18.4 | 43.7% |
Total | 191 | 182 | 275 | 163 | -5.1% |
Top Suppliers of NPK Fertilizer to Lithuania in 2022:
- Finland (57.3K tons)
- Latvia (39.9K tons)
- Poland (30.8K tons)
- Morocco (28.0K tons)
- Norway (17.8K tons)
- Netherlands (16.6K tons)
- Russia (11.8K tons)
- Belarus (10.4K tons)
NPK Fertilizer Exports in Lithuania
In 2022, after three years of growth, there was significant decline in overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -50.1% to 228K tons. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 47%.
In value terms, NPK fertilizer exports reduced rapidly to $153M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $223M, and then shrank rapidly in the following year.
Export of NPK Fertilizer in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 34.6 | 40.7 | 57.4 | 40.6 | 5.5% |
Ukraine | 72.3 | 106 | 136 | 36.6 | -20.3% |
Latvia | 4.2 | 3.3 | 9.8 | 36.6 | 105.8% |
Estonia | 0.6 | 1.0 | 2.8 | 7.2 | 128.9% |
Finland | 0.2 | N/A | 0.5 | 5.9 | 209.0% |
Ghana | N/A | N/A | 0.1 | 4.7 | 4600.0% |
Slovakia | 1.5 | 2.3 | 3.8 | 4.0 | 38.7% |
Others | 12.4 | 8.7 | 12.7 | 17.8 | 12.8% |
Total | 126 | 162 | 223 | 153 | 6.7% |
Top Export Markets for NPK Fertilizer from Lithuania in 2022:
- Latvia (77.3K tons)
- Poland (52.5K tons)
- Ukraine (41.8K tons)
- Estonia (15.2K tons)
- Ghana (8.0K tons)
- Slovakia (7.8K tons)
- Finland (6.7K tons)
This report provides an in-depth analysis of the npk fertilizer market in Lithuania. 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 4021 - NPK fertilizers
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.