Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (CIF) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (CIF) - 2023
In September 2023, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $624 per ton, with an increase of 6% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 28% m-o-m. The import price peaked at $691 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($624 per ton), while the price for Estonia totaled $624 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Estonia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (FOB) - 2022
The average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $359 per ton in 2022, declining by -29.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 145%. Over the period under review, the average export prices attained the peak figure at $2,333 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($1,114 per ton), while the average price for exports to Lithuania totaled $336 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-1.2%).
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia
In 2022, approx. 14K tons of fertilizers, mineral or chemical; containing nitrates and phosphateses were imported into Latvia; declining by -44.6% against the previous year's figure. Over the period under review, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses rose remarkably to $7.9M in 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.6 | 3.6 | 7.0 | 6.7 | 0.5% |
| Kazakhstan | N/A | N/A | N/A | 1.1 | 0% |
| Others | 0.3 | N/A | 0.2 | 0.1 | -30.7% |
| Total | 6.9 | 3.6 | 7.2 | 7.9 | 4.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Latvia in 2022:
- Russia (12.3K tons)
- Kazakhstan (1.4K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses exported from Latvia plummeted to 61 tons, with a decrease of -72.3% against 2021 figures. In general, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 547%.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses contracted sharply to $22K in 2022. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 280% against the previous year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3,284 | 3.6 | 63.8 | 19.8 | -81.8% |
| Estonia | 156 | 25.7 | 47.5 | 2.0 | -76.6% |
| Poland | 353 | N/A | N/A | N/A | 0% |
| Others | 46.3 | N/A | N/A | N/A | 0% |
| Total | 3,839 | 29.3 | 111 | 21.8 | -82.2% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Latvia in 2022:
- Lithuania (59.1 tons)
- Estonia (1.8 tons)
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