Price for Fertilizers; Mineral or Chemical, Nitrogenous in Latvia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Latvia (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Latvia (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Latvia
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Latvia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Latvia (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $538 per ton in 2022, growing by 51% against the previous year. In general, the import price saw a perceptible increase. The growth pace was the most rapid in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($685 per ton), while the price for Estonia ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Latvia (FOB) - 2023
In November 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $312 per ton, which is down by -7.1% against the previous month. Over the period under review, the export price recorded a deep setback. The pace of growth appeared the most rapid in September 2023 an increase of 75% against the previous month. Over the period under review, the average export prices reached the peak figure at $669 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Norway ($667 per ton), while the average price for exports to Ukraine ($278 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 Moldova (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, which increased by 7.3% to 496K tons in 2022. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $267M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous 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 Fertilizers; Mineral or Chemical, Nitrogenous to Latvia in 2022:
- Lithuania (140.6K tons)
- Poland (69.8K tons)
- Russia (56.3K tons)
- Belgium (49.1K tons)
- Germany (46.0K tons)
- Estonia (34.7K tons)
- Finland (33.3K tons)
- Netherlands (30.9K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Latvia
In 2022, approx. 187K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Latvia; increasing by 64% compared with 2021. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $70M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 9.8 | 9.7 | 11.1 | 29.3 | 44.1% |
| Poland | 0.1 | N/A | 7.3 | 5.0 | 268.4% |
| Estonia | 1.8 | 0.7 | 1.0 | 4.8 | 38.7% |
| 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% |
| Ukraine | 0.2 | 0.1 | 5.9 | 0.1 | -20.6% |
| Others | 5.1 | 4.3 | 7.7 | 9.9 | 24.7% |
| Total | 26.0 | 22.9 | 48.1 | 69.5 | 38.8% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Latvia in 2022:
- Lithuania (106.8K tons)
- Estonia (22.0K tons)
- Sweden (8.1K tons)
- Czech Republic (7.0K tons)
- Bulgaria (6.5K tons)
- Spain (5.6K tons)
- Germany (5.2K tons)
- Poland (4.0K tons)
- Italy (3.4K tons)
- Slovenia (2.8K tons)
- Ukraine (0.1K tons)
44
This report provides an in-depth analysis of the ammonium nitrate market in Latvia.
88
This report provides an in-depth analysis of the urea market in Latvia.
519
This report provides an in-depth analysis of the nitrogenous fertilizer market in Latvia.
78
This report provides an in-depth analysis of the sodium nitrate market in Latvia.
58
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Latvia.
95
This report provides an in-depth analysis of the ammonium sulphate market in Latvia.
83
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Latvia.
201
This report provides an in-depth analysis of the fertilizer market in Latvia.
108
This report provides an in-depth analysis of the market for iron or steel can in Latvia.
997
This report provides an in-depth analysis of the global ammonium nitrate market.
78
The global market for ammonium nitrate is expected to experience steady growth over the next seven years, with market volume projected to reach 31M tons and market value expected to reach $15.8B by the end of 2030. The market is forecasted to see a CAGR of +3.0% in volume and +5.5% in value from 2023 to 2030.
406
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
3051
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
844
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
149
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
1046
In value terms, radioactive chemical elements and radioactive isotopes imports amounted to $X in 2016. Overall, radioactive chemical elements and radioactive isotopes imports continue to indicate a ...
794
In value terms, mineral and chemical, phosphatic fertilizers imports totaled $X in 2016. In general, mineral and chemical, phosphatic fertilizers imports continue to indicate a relatively flat tren...
1345
In value terms, mineral and chemical, potassic fertilizers imports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value increased at an average annu...
798
In value terms, chemical elements doped for use in electronics imports stood at $X in 2016. Overall, chemical elements doped for use in electronics imports continue to indicate a moderate deduction. ...
848
In value terms, mineral and chemical, potassic fertilizers exports amounted to $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total exports value decreased at an aver...
