Lithuania: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Lithuania

The Lithuanian potassium chloride (MOP) market skyrocketed to $X in 2022, rising by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Potassium Chloride (Mop) Exports

Exports from Lithuania

Potassium chloride (MOP) exports from Lithuania dropped notably to X tons in 2022, reducing by -41.7% compared with the previous year. Overall, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 716% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports shrank remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 740% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Latvia (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of potassium chloride (MOP) exports from Lithuania, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +42.8%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Slovakia ($X) constituted the largest markets for potassium chloride (MOP) exported from Lithuania worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +40.8%, 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

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, with an increase of 5.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Latvia ($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 Sweden (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Lithuania

In 2022, potassium chloride (mop) imports into Lithuania contracted rapidly to X tons, falling by -23.5% compared with the year before. In general, imports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2020 with an increase of 74%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports soared to $X in 2022. Over the period under review, imports, however, showed strong growth. 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 supplier of potassium chloride (MOP) to Lithuania, with a 47% share of total imports. Moreover, potassium chloride (MOP) imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+66.9% per year) and Poland (+47.5% per year).

In value terms, Germany ($X), Russia ($X) and Poland ($X) were the largest potassium chloride (MOP) suppliers to Lithuania, together comprising 79% of total imports. Uzbekistan, the Netherlands, Latvia and Belarus lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, the Netherlands, with a CAGR of +277.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium chloride (MOP) import price stood at $X per ton in 2022, jumping by 147% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price reached 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 Germany ($X per ton), while the price for Russia ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform