Lithuania: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Lithuania

For the third year in a row, the Lithuanian potassic fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Potassic Fertilizer Production in Lithuania

In value terms, potassic fertilizer production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in years to come.

Potassic Fertilizer Exports

Exports from Lithuania

In 2022, potassic fertilizer exports from Lithuania declined notably to X tons, shrinking by X% compared with the previous year's figure. In general, exports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Poland (X tons), Latvia (X tons) and Slovakia (X tons) were the main destinations of potassic fertilizer exports from Lithuania, with a combined X% share of total exports. The Czech Republic, Kazakhstan, Estonia, Uzbekistan, Ukraine, Italy and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Slovakia ($X) were the largest markets for potassic fertilizer exported from Lithuania worldwide, together accounting for X% of total exports. Kazakhstan, Uzbekistan, Russia, the Czech Republic, Ukraine, Estonia and Italy lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, 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

In 2022, the average potassic fertilizer export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassic fertilizer export price increased by X% against 2018 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Potassic Fertilizer Imports

Imports into Lithuania

Potassic fertilizer imports into Lithuania shrank dramatically to X tons in 2022, waning by X% compared with the previous year's figure. Overall, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassic fertilizer imports surged to $X in 2022. In general, imports, however, posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

In value terms, Germany ($X), Russia ($X) and Poland ($X) appeared to be the largest potassic fertilizer suppliers to Lithuania, with a combined X% share of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassic fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform