Price for Fertilizers; Mineral or Chemical, Phosphatic in Latvia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Latvia (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Latvia (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Latvia
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Latvia
Price for Fertilizers; Mineral or Chemical, Phosphatic in Latvia (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $604 per ton in 2022, picking up by 39% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic import price increased by +71.1% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($846 per ton), while the price for Belgium ($399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+75.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Latvia (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $770 per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2018 an increase of 59%. The export price peaked at $963 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($787 per ton), while the average price for exports to Spain ($758 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 Lithuania (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Latvia
In 2022, approx. 3.2K tons of fertilizers; mineral or chemical, phosphatics were imported into Latvia; increasing by 561% on 2021. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,460% against the previous year. As a result, imports reached the peak of 4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, phosphatic imports soared to $1.9M 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 2,565%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 7.3 | 230 | 8.2 | 1,045 | 423.1% |
| Poland | 17.3 | 1,139 | 121 | 723 | 247.0% |
| Belgium | 9.0 | 22.7 | 20.3 | 124 | 139.7% |
| Denmark | 16.9 | 17.2 | 59.4 | 38.3 | 31.4% |
| Others | 2.3 | N/A | 0.4 | N/A | -58.3% |
| Total | 52.9 | 1,409 | 210 | 1,930 | 231.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Latvia in 2022:
- Poland (1601.0 tons)
- Lithuania (1234.8 tons)
- Belgium (311.4 tons)
- Denmark (50.0 tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Latvia
In 2022, overseas shipments of fertilizers; mineral or chemical, phosphatics were finally on the rise to reach 6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a buoyant 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, phosphatic exports skyrocketed to $4.6K in 2022. In general, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 3.0 | 0.2 | 1.6 | 3.6 | 6.3% |
| Spain | N/A | N/A | N/A | 0.8 | 0% |
| Lithuania | 0.2 | 2.1 | N/A | 0.2 | 0.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.3 | 2.2 | 1.6 | 4.6 | 11.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Latvia in 2022:
- Estonia (4.7 tons)
- Spain (1.0 tons)
- Lithuania (0.3 tons)
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
