Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia - 2023

Contents:

  1. Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (CIF) - 2022
  2. Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (FOB) - 2023
  3. Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia
  4. Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia

Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (CIF) - 2022

The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $326 per ton in 2022, growing by 2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $354 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Sweden ($477 per ton), while the price for the Netherlands ($188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the prices for the other major suppliers experienced a decline.

Price for Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (FOB) - 2023

In November 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $446 per ton, with an increase of 14% against the previous month. Over the period under review, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in July 2023 an increase of 39% month-to-month. The export price peaked at $831 per ton in February 2023; however, from March 2023 to November 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In November 2023, the country with the highest price was Latvia ($674 per ton), while the average price for exports to Lithuania ($553 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia

In 2022, approx. 533K tons of fertilizers; mineral or chemical, nitrogenoi were imported into Estonia; jumping by 49% compared with the previous year. In general, imports, however, continue to indicate a pronounced downturn.

In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $174M in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 113%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia77.827.074.580.71.2%
Lithuania9.08.010.425.641.7%
Netherlands8.83.03.916.523.3%
Germany3.55.711.513.255.7%
United Kingdom1.7N/A5.27.261.8%
DenmarkN/A5.13.26.19.4%
Sweden1.61.42.24.844.2%
LatviaN/A0.30.53.4236.7%
Others3.52.71.716.166.3%
Total10653.211317418.0%

Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Estonia in 2022:

  1. Russia (249.2K tons)
  2. Lithuania (91.7K tons)
  3. Netherlands (87.9K tons)
  4. Germany (27.6K tons)
  5. United Kingdom (17.4K tons)
  6. Latvia (12.1K tons)
  7. Sweden (10.1K tons)
  8. Denmark (8.0K tons)

Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia

Fertilizers; mineral or chemical, nitrogenous exports from Estonia surged to 287K tons in 2022, increasing by 27% compared with the previous year. In general, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 145%.

In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $104M in 2022. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 267%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Fertilizers; Mineral or Chemical, Nitrogenous in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.1N/A16.746.0247.1%
France39.412.723.725.8-13.2%
Poland2.61.710.310.358.2%
Germany7.10.911.79.711.0%
Latvia0.81.50.77.4109.9%
Belgium8.11.4N/AN/A-82.7%
United Kingdom6.1N/A1.9N/A-44.2%
Others3.71.57.14.99.8%
Total69.119.672.110414.6%

Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Estonia in 2022:

  1. Netherlands (184.2K tons)
  2. France (34.6K tons)
  3. Germany (21.9K tons)
  4. Latvia (20.9K tons)
  5. Poland (16.3K tons)
  6. United Kingdom (0.1K tons)

Source: IndexBox Market Intelligence Platform

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