Price for Fertilizers; Mineral or Chemical, Phosphatic in Lithuania - 2023

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Lithuania (CIF) - 2022
2. Price for Fertilizers; Mineral or Chemical, Phosphatic in Lithuania (FOB) - 2023
3. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Lithuania
4. Exports of Fertilizers; Mineral or Chemical, Phosphatic in Lithuania

Price for Fertilizers; Mineral or Chemical, Phosphatic in Lithuania (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $213 per ton, falling by -39.2% against the previous year. In general, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 43%. Over the period under review, average import prices attained the maximum at $350 per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($736 per ton), while the price for Poland ($192 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Lithuania (FOB) - 2023

In September 2023, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $694 per ton, growing by 14% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 54% m-o-m. As a result, the export price attained the peak level of $1,020 per ton. From December 2022 to September 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From October 2022 to September 2023, the rate of growth in terms of prices for Latvia amounted to +0.4% per month.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Lithuania

Fertilizers; mineral or chemical, phosphatic imports into Lithuania soared to 10K tons in 2022, growing by 160% compared with 2021. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizers; mineral or chemical, phosphatic imports skyrocketed to $2.2M in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 96% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Lithuania in 2022:

1. Poland (9.3K tons)
2. Belgium (0.7K tons)
3. Latvia (0.1K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Lithuania

In 2022, the amount of fertilizers; mineral or chemical, phosphatics exported from Lithuania skyrocketed to 1.1K tons, rising by 157% against the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,565% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fertilizers; mineral or chemical, phosphatic exports surged to $973K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 843%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Lithuania in 2022:

1. Latvia (751.1 tons)
2. Poland (311.9 tons)

Source: IndexBox Market Intelligence Platform