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Latvia - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Latvia - 2023
Contents:
- Potassium Sulphate (SOP) Price in Latvia (FOB) - 2022
- Potassium Sulphate (SOP) Price in Latvia (CIF) - 2022
- Potassium Sulphate (SOP) Exports in Latvia
- Potassium Sulphate (SOP) Imports in Latvia
Potassium Sulphate (SOP) Price in Latvia (FOB) - 2022
In 2022, the average potassium sulphate (SOP) export price amounted to $469 per ton, picking up by 9.2% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $516 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($1,135 per ton), while the average price for exports to the Netherlands ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+104.1%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Latvia (CIF) - 2022
The average potassium sulphate (SOP) import price stood at $1,092 per ton in 2022, with an increase of 61% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by +78.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 78%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual 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 Croatia ($1,711 per ton), while the price for Belgium ($866 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Exports in Latvia
In 2022, the amount of potassium sulphate (SOP) exported from Latvia dropped markedly to 1.6K tons, shrinking by -21.5% on 2021. In general, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports reached the peak of 2K tons, and then contracted significantly in the following year.
In value terms, potassium sulphate (SOP) exports dropped to $733K in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year. As a result, the exports attained the peak of $854K, and then shrank in the following year.
Export of Potassium Sulphate (SOP) in Latvia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 383 | 275 | 322 | 267 | -11.3% |
Poland | 24.6 | 96.1 | 357 | 125 | 71.9% |
Finland | N/A | N/A | 26.1 | 108 | 313.8% |
France | N/A | N/A | N/A | 84.1 | 0% |
Czech Republic | 15.2 | 16.8 | 148 | 66.0 | 63.1% |
Italy | N/A | N/A | N/A | 42.8 | 0% |
Netherlands | 13.4 | N/A | N/A | 25.5 | 23.9% |
Guinea | 190 | 54.4 | N/A | N/A | -71.4% |
Others | 8.6 | 17.3 | 1.6 | 14.2 | 18.2% |
Total | 635 | 460 | 854 | 733 | 4.9% |
Top Export Markets for Potassium Sulphate (SOP) from Latvia in 2022:
- Lithuania (671.6 tons)
- Poland (308.2 tons)
- France (138.5 tons)
- Czech Republic (133.3 tons)
- Italy (116.4 tons)
- Finland (95.3 tons)
- Netherlands (72.6 tons)
Potassium Sulphate (SOP) Imports in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of potassium sulphate (SOP), which increased by 21% to 1.3K tons in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 140% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, potassium sulphate (SOP) imports soared to $1.5M in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 328% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Potassium Sulphate (SOP) in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | N/A | 96.3 | 252 | 603 | 150.2% |
Poland | N/A | N/A | N/A | 490 | 0% |
Germany | 105 | 134 | 138 | 156 | 14.1% |
Netherlands | N/A | 27.1 | 33.2 | 107 | 98.7% |
Croatia | 8.0 | 36.0 | N/A | 46.3 | 79.5% |
Belgium | 27.9 | 13.9 | 43.9 | 34.8 | 7.6% |
Sweden | N/A | 0.8 | 19.6 | 22.5 | 430.3% |
Spain | N/A | 357 | N/A | 6.6 | -86.4% |
Russia | 8.9 | 101 | 267 | N/A | 447.7% |
Others | 32.4 | 12.5 | 0.8 | 1.0 | -68.6% |
Total | 182 | 779 | 755 | 1,467 | 100.5% |
Top Suppliers of Potassium Sulphate (SOP) to Latvia in 2022:
- Lithuania (501.7 tons)
- Poland (480.8 tons)
- Germany (168.0 tons)
- Netherlands (98.0 tons)
- Belgium (40.2 tons)
- Croatia (27.1 tons)
- Sweden (23.3 tons)
- Spain (3.8 tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in Latvia. 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 4017 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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
This report provides an in-depth analysis of the potassium sulphate (sop) market in Latvia.
This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Latvia.
This report provides an in-depth analysis of the potassic fertilizer market in Latvia.
This report provides an in-depth analysis of the potassium chloride (mop) market in Latvia.
This report provides an in-depth analysis of the global potassium sulphate (sop) market.
This report provides an in-depth analysis of the global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers.
This report provides an in-depth analysis of the global potassic fertilizer market.
This report provides an in-depth analysis of the global potassium chloride (mop) market.
This report provides an in-depth analysis of the potassium sulphate (sop) market in Latvia.
This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Latvia.
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