Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (CIF) - 2022
The average import price for fertilizers, mineral or chemical stood at $337 per ton in 2022, growing by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 70%. The import price peaked at $360 per ton in 2012; however, from 2013 to 2022, 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 Russia ($681 per ton), while the price for Finland ($142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (FOB) - 2022
The average export price for fertilizers, mineral or chemical stood at $514 per ton in 2022, growing by 89% against the previous year. Over the period under review, the export price showed a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Denmark ($581 per ton), while the average price for exports to Poland ($262 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia
In 2022, overseas purchases of fertilizers, mineral or chemical decreased by -35% to 77K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 33%. As a result, imports reached the peak of 150K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fertilizers, mineral or chemical reduced markedly to $26M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $36M, and then fell significantly in the following year.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.6 | 19.8 | 29.9 | 12.8 | -4.3% |
| Poland | N/A | N/A | 2.0 | 12.3 | 515.0% |
| Lithuania | N/A | N/A | N/A | 0.7 | 0% |
| Belgium | 2.5 | 3.7 | 3.8 | 0.3 | -50.7% |
| Finland | 3.8 | 3.4 | 0.5 | N/A | -63.7% |
| Others | 0.8 | N/A | N/A | N/A | 0% |
| Total | 21.7 | 27.0 | 36.2 | 26.0 | 6.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Latvia in 2022:
- Poland (52.3K tons)
- Russia (18.7K tons)
- Lithuania (4.7K tons)
- Belgium (1.5K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia
In 2022, approx. 49K tons of fertilizers, mineral or chemical were exported from Latvia; with an increase of 88% on 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 599%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of fertilizers, mineral or chemical soared to $25M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 591% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1.0 | 6.9 | 7.0 | 17.7 | 160.6% |
| Germany | N/A | N/A | N/A | 2.7 | 0% |
| Estonia | N/A | N/A | 0.1 | 2.5 | 2400.0% |
| Denmark | N/A | N/A | N/A | 1.2 | 0% |
| Hungary | N/A | N/A | N/A | 0.9 | 0% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 1.0 | 6.9 | 7.2 | 25.4 | 194.0% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Latvia in 2022:
- Lithuania (32.6K tons)
- Estonia (7.2K tons)
- Germany (5.0K tons)
- Denmark (2.1K tons)
- Hungary (1.8K tons)
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