Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $372 per ton, rising by 58% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fertilizers, mineral or chemical increased by +80.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue 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 Poland ($856 per ton), while the price for Russia ($227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $458 per ton, with an increase of 45% against the previous year. In general, the export price enjoyed a moderate increase. The growth pace was the most rapid in 2013 an increase of 54% against the previous year. As a result, the export price reached the peak level of $570 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to +2.2% per year.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania
For the fourth year in a row, Lithuania recorded growth in supplies from abroad of fertilizers, mineral or chemical, which increased by 93% to 42K tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 509% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of fertilizers, mineral or chemical soared to $16M in 2022. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 415%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 0.7 | 0.6 | 6.5 | 204.7% |
| Russia | N/A | 0.7 | 3.9 | 6.5 | 204.7% |
| Finland | N/A | N/A | N/A | 1.9 | 0% |
| Belgium | N/A | N/A | N/A | 0.5 | 0% |
| Latvia | 0.5 | 0.5 | 0.7 | 0.2 | -26.3% |
| Denmark | N/A | 0.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 2.5 | 5.1 | 15.6 | 214.8% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Lithuania in 2022:
- Russia (28.5K tons)
- Poland (7.6K tons)
- Finland (4.3K tons)
- Latvia (0.8K tons)
- Belgium (0.8K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania
In 2022, the amount of fertilizers, mineral or chemical exported from Lithuania reduced sharply to 7.8 tons, dropping by -94.1% compared with the year before. In general, exports saw a dramatic descent. The smallest decline of -51.1% was in 2020.
In value terms, exports of fertilizers, mineral or chemical reduced notably to $3.6K in 2022. Over the period under review, exports saw a dramatic setback. The smallest decline of -37.3% was in 2020.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 6.3 | 2.3 | 15.8 | 3.6 | -17.0% |
| Germany | N/A | 41.7 | N/A | N/A | 0% |
| Austria | 94.7 | N/A | N/A | N/A | 0% |
| Sweden | 66.9 | N/A | N/A | N/A | 0% |
| Poland | 496 | 364 | N/A | N/A | -26.6% |
| Estonia | N/A | N/A | 25.3 | N/A | 0% |
| Italy | 106 | 75.4 | N/A | N/A | -28.9% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 771 | 483 | 42.1 | 3.6 | -83.3% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Lithuania in 2022:
- Latvia (7.8 tons)
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