Lithuania - Urea - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUrea Price in Lithuania - 2023
Contents:
- Urea Price in Lithuania (FOB) - 2023
- Urea Price in Lithuania (CIF) - 2023
- Urea Exports in Lithuania
- Urea Imports in Lithuania
Urea Price in Lithuania (FOB) - 2023
In September 2023, the average urea export price amounted to $324 per ton, declining by -6.6% against the previous month. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in August 2023 when the average export price increased by 17% against the previous month. Over the period under review, the average export prices reached the peak figure at $880 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($484 per ton), while the average price for exports to Estonia ($219 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-4.1%), while the prices for the other major destinations experienced a decline.
Urea Price in Lithuania (CIF) - 2023
The average urea import price stood at $397 per ton in September 2023, jumping by 17% against the previous month. Overall, the import price, however, saw a noticeable slump. The import price peaked at $818 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($469 per ton), while the price for Poland ($298 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+43.7%), while the prices for the other major suppliers experienced a decline.
Urea Exports in Lithuania
Urea exports from Lithuania skyrocketed to 643K tons in 2022, growing by 73% on 2021 figures. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, urea exports surged to $181M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Urea in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 21.4 | 23.8 | 35.1 | 58.5 | 39.8% |
| Sweden | 10.0 | 9.8 | 21.1 | 47.8 | 68.5% |
| Slovakia | 7.0 | 5.6 | 8.8 | 19.8 | 41.4% |
| Estonia | 1.7 | 2.0 | 3.5 | 11.5 | 89.1% |
| Czech Republic | 13.7 | 11.3 | 9.8 | 10.3 | -9.1% |
| United Kingdom | 5.8 | 1.7 | 1.5 | 5.2 | -3.6% |
| Latvia | 2.3 | 1.0 | 2.0 | 4.4 | 24.1% |
| Germany | 5.8 | 7.4 | 6.9 | 3.3 | -17.1% |
| France | 4.2 | 5.1 | 2.5 | 0.8 | -42.5% |
| Ukraine | 14.0 | 5.0 | 2.3 | 0.6 | -65.0% |
| Ireland | 2.1 | N/A | 12.2 | N/A | 141.0% |
| Others | 4.9 | 7.7 | 7.1 | 18.4 | 55.4% |
| Total | 93.0 | 80.4 | 113 | 181 | 24.9% |
Top Export Markets for Urea from Lithuania in 2022:
- Poland (223.2K tons)
- Sweden (199.1K tons)
- Estonia (64.8K tons)
- Slovakia (50.6K tons)
- Czech Republic (28.2K tons)
- Latvia (20.3K tons)
- United Kingdom (12.6K tons)
- Germany (3.7K tons)
- France (2.5K tons)
- Ukraine (1.1K tons)
Urea Imports in Lithuania
After two years of decline, overseas purchases of urea increased by 219% to 238K tons in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, urea imports surged to $134M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Urea in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 13.3 | 10.1 | 23.4 | 43.0 | 47.9% |
| United States | N/A | N/A | N/A | 29.9 | 0% |
| Uzbekistan | N/A | N/A | 2.2 | 26.3 | 1095.5% |
| Algeria | N/A | N/A | N/A | 15.0 | 0% |
| Poland | 0.2 | 0.2 | 1.0 | 12.5 | 296.9% |
| Belarus | 6.7 | 5.6 | 1.7 | 1.5 | -39.3% |
| Others | 1.6 | 1.2 | 3.1 | 5.4 | 50.0% |
| Total | 21.7 | 17.2 | 31.5 | 134 | 83.5% |
Top Suppliers of Urea to Lithuania in 2022:
- Poland (64.0K tons)
- Russia (62.9K tons)
- United States (44.0K tons)
- Uzbekistan (39.5K tons)
- Algeria (17.1K tons)
- Belarus (2.9K tons)
This report provides an in-depth analysis of the urea market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4001 - Urea
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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