Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $326 per ton in 2022, growing by 2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $354 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Sweden ($477 per ton), while the price for the Netherlands ($188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (FOB) - 2023
In November 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $446 per ton, with an increase of 14% against the previous month. Over the period under review, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in July 2023 an increase of 39% month-to-month. The export price peaked at $831 per ton in February 2023; however, from March 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Latvia ($674 per ton), while the average price for exports to Lithuania ($553 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia
In 2022, approx. 533K tons of fertilizers; mineral or chemical, nitrogenoi were imported into Estonia; jumping by 49% compared with the previous year. In general, imports, however, continue to indicate a pronounced downturn.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $174M in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 113%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 77.8 | 27.0 | 74.5 | 80.7 | 1.2% |
Lithuania | 9.0 | 8.0 | 10.4 | 25.6 | 41.7% |
Netherlands | 8.8 | 3.0 | 3.9 | 16.5 | 23.3% |
Germany | 3.5 | 5.7 | 11.5 | 13.2 | 55.7% |
United Kingdom | 1.7 | N/A | 5.2 | 7.2 | 61.8% |
Denmark | N/A | 5.1 | 3.2 | 6.1 | 9.4% |
Sweden | 1.6 | 1.4 | 2.2 | 4.8 | 44.2% |
Latvia | N/A | 0.3 | 0.5 | 3.4 | 236.7% |
Others | 3.5 | 2.7 | 1.7 | 16.1 | 66.3% |
Total | 106 | 53.2 | 113 | 174 | 18.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Estonia in 2022:
- Russia (249.2K tons)
- Lithuania (91.7K tons)
- Netherlands (87.9K tons)
- Germany (27.6K tons)
- United Kingdom (17.4K tons)
- Latvia (12.1K tons)
- Sweden (10.1K tons)
- Denmark (8.0K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia
Fertilizers; mineral or chemical, nitrogenous exports from Estonia surged to 287K tons in 2022, increasing by 27% compared with the previous year. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 145%.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $104M in 2022. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 267%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1.1 | N/A | 16.7 | 46.0 | 247.1% |
France | 39.4 | 12.7 | 23.7 | 25.8 | -13.2% |
Poland | 2.6 | 1.7 | 10.3 | 10.3 | 58.2% |
Germany | 7.1 | 0.9 | 11.7 | 9.7 | 11.0% |
Latvia | 0.8 | 1.5 | 0.7 | 7.4 | 109.9% |
Belgium | 8.1 | 1.4 | N/A | N/A | -82.7% |
United Kingdom | 6.1 | N/A | 1.9 | N/A | -44.2% |
Others | 3.7 | 1.5 | 7.1 | 4.9 | 9.8% |
Total | 69.1 | 19.6 | 72.1 | 104 | 14.6% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Estonia in 2022:
- Netherlands (184.2K tons)
- France (34.6K tons)
- Germany (21.9K tons)
- Latvia (20.9K tons)
- Poland (16.3K tons)
- United Kingdom (0.1K tons)
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