Lithuania: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Lithuania

In 2022, the Lithuanian diammonium phosphate market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in Lithuania

In value terms, diammonium phosphate production declined dramatically to $X in 2022 estimated in export price. Overall, production faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Lithuania

For the sixth year in a row, Lithuania recorded decline in overseas shipments of diammonium phosphate, which decreased by -75.3% to X tons in 2022. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 23%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, diammonium phosphate exports fell markedly to $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Ireland (X tons) and Germany (X tons) were the main destinations of diammonium phosphate exports from Lithuania, together accounting for 44% of total exports. The UK, Belgium, Ukraine, Latvia, the Netherlands, Denmark, France and Hungary lagged somewhat behind, together accounting for a further 55%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +10.8%), while shipments for the other leaders experienced a decline.

In value terms, Poland ($X), the UK ($X) and Germany ($X) were the largest markets for diammonium phosphate exported from Lithuania worldwide, with a combined 45% share of total exports. Belgium, Ukraine, Latvia, Ireland, the Netherlands, France, Hungary and Denmark lagged somewhat behind, together comprising a further 54%.

In terms of the main countries of destination, Latvia, with a CAGR of +17.8%, recorded the highest growth rate of 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

The average diammonium phosphate export price stood at $X per ton in 2022, with an increase of 37% against the previous year. Overall, the export price saw a notable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Denmark ($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 Ukraine (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into Lithuania

In 2022, approx. X tons of diammonium phosphate were imported into Lithuania; rising by 166% compared with the previous year's figure. In general, imports showed notable growth. The pace of growth appeared the most rapid in 2019 when imports increased by 56,715% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, diammonium phosphate imports soared to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 16,239% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest diammonium phosphate supplier to Lithuania, with a 68% share of total imports. Moreover, diammonium phosphate imports from Morocco exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was taken by Russia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-8.6% per year) and Russia (-12.2% per year).

In value terms, Morocco ($X) constituted the largest supplier of diammonium phosphate to Lithuania, comprising 55% of total imports. The second position in the ranking was taken by France ($X), with a 26% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Morocco was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+128.8% per year) and Poland (-1.5% per year).

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, rising by 194% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 250%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Latvia ($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 (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform