Latvia - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNitrogenous Fertilizer Price in Latvia - 2023
Contents:
- Nitrogenous Fertilizer Price in Latvia (CIF) - 2022
- Nitrogenous Fertilizer Price in Latvia (FOB) - 2022
- Nitrogenous Fertilizer Imports in Latvia
- Nitrogenous Fertilizer Exports in Latvia
Nitrogenous Fertilizer Price in Latvia (CIF) - 2022
The average nitrogenous fertilizer import price stood at $484 per ton in 2022, rising by 43% against the previous year. Over the period under review, the import price posted a tangible increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Lithuania ($580 per ton), while the price for Estonia ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrogenous Fertilizer Price in Latvia (FOB) - 2022
The average nitrogenous fertilizer export price stood at $510 per ton in 2022, rising by 22% against the previous year. Overall, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,150 per ton), while the average price for exports to Estonia ($228 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 Poland (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Nitrogenous Fertilizer Imports in Latvia
In 2022, approx. 552K tons of nitrogenous fertilizers (mineral or chemical) were imported into Latvia; surging by 13% on 2021 figures. The total import volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, nitrogenous fertilizer imports skyrocketed to $267M in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Nitrogenous Fertilizer in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 23.8 | 28.7 | 45.3 | 92.5 | 57.2% |
| Russia | 35.2 | 42.7 | 71.9 | 38.6 | 3.1% |
| Belgium | 4.0 | 5.5 | 15.3 | 28.4 | 92.2% |
| Germany | 4.3 | 1.8 | 9.9 | 24.8 | 79.3% |
| Poland | 0.2 | 0.2 | 6.7 | 24.2 | 394.6% |
| Finland | 5.5 | 4.8 | 4.0 | 17.1 | 46.0% |
| Netherlands | 3.3 | 6.2 | 6.5 | 15.6 | 67.8% |
| Estonia | 1.2 | 0.8 | 0.2 | 6.9 | 79.2% |
| Others | 3.6 | 6.9 | 5.3 | 18.9 | 73.8% |
| Total | 81.0 | 97.7 | 165 | 267 | 48.8% |
Top Suppliers of Nitrogenous Fertilizer to Latvia in 2022:
- Lithuania (159.5K tons)
- Russia (93.5K tons)
- Poland (73.4K tons)
- Belgium (57.0K tons)
- Germany (48.5K tons)
- Finland (34.6K tons)
- Netherlands (32.1K tons)
- Estonia (27.2K tons)
Nitrogenous Fertilizer Exports in Latvia
In 2022, the amount of nitrogenous fertilizers (mineral or chemical) exported from Latvia surged to 136K tons, increasing by 18% against 2021 figures. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, nitrogenous fertilizer exports soared to $70M in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Nitrogenous Fertilizer in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 9.9 | 9.7 | 11.1 | 29.4 | 43.7% |
| Poland | 0.1 | N/A | 7.3 | 5.0 | 268.4% |
| Estonia | 1.6 | 0.7 | 1.0 | 4.8 | 44.2% |
| Czech Republic | 0.8 | 2.7 | 3.2 | 3.7 | 66.6% |
| Sweden | 1.5 | 1.4 | 2.9 | 3.7 | 35.1% |
| Germany | 1.5 | 0.1 | 0.5 | 3.2 | 28.7% |
| Spain | 2.8 | 1.9 | 3.1 | 3.0 | 2.3% |
| Italy | 0.3 | 0.2 | 0.8 | 2.7 | 108.0% |
| Bulgaria | 1.1 | 1.4 | 3.7 | 2.7 | 34.9% |
| Slovenia | 1.1 | 0.5 | 1.0 | 1.6 | 13.3% |
| Hungary | N/A | N/A | N/A | 1.6 | 0% |
| Denmark | N/A | N/A | N/A | 1.2 | 0% |
| United Kingdom | 1.1 | 0.7 | 0.4 | N/A | -39.7% |
| Others | 4.2 | 3.7 | 13.1 | 7.1 | 19.1% |
| Total | 25.9 | 22.9 | 48.1 | 69.5 | 39.0% |
Top Export Markets for Nitrogenous Fertilizer from Latvia in 2022:
- Lithuania (56.3K tons)
- Estonia (20.9K tons)
- Sweden (7.1K tons)
- Czech Republic (7.0K tons)
- Bulgaria (6.5K tons)
- Spain (5.6K tons)
- Germany (5.5K tons)
- Poland (4.3K tons)
- Italy (3.6K tons)
- Slovenia (2.8K tons)
- Hungary (2.6K tons)
- Denmark (2.1K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the nitrogenous fertilizer 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 4001 - Urea
- FCL 4002 - Ammonium sulphate
- FCL 4003 - Ammonium nitrate (AN)
- FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
- FCL 4005 - Sodium nitrate
- FCL 4006 - Urea and ammonium nitrate solutions (UAN)
- FCL 4008 - Other nitrogenous fertilizers, n.e.c.
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
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