Latvia: Potassic Fertilizer Market 2025

Potassic Fertilizer Market Size in Latvia

In 2022, the Latvian potassic fertilizer market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Potassic Fertilizer Production in Latvia

In value terms, potassic fertilizer production totaled $X in 2022 estimated in export price. Over the period under review, production showed a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Potassic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassic Fertilizer Exports

Exports from Latvia

In 2022, exports of potassic fertilizers from Latvia shrank to X tons, waning by X% compared with the previous year. Overall, exports, however, posted modest growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports rose rapidly to $X in 2022. Over the period under review, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for potassic fertilizer exports from Latvia, accounting for a X% share of total exports. Moreover, potassic fertilizer exports to Lithuania exceeded the volume sent to the second major destination, Poland (X tons), twofold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, Lithuania ($X), Poland ($X) and France ($X) appeared to be the largest markets for potassic fertilizer exported from Latvia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, France, with a CAGR of X.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average potassic fertilizer export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Lithuania ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Latvia

After three years of growth, purchases abroad of potassic fertilizers decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, potassic fertilizer imports dropped to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of potassic fertilizer to Latvia, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) constituted the largest supplier of potassic fertilizers to Latvia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Lithuania (X% per year).

Import Prices by Country

The average potassic fertilizer import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform