Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia - 2023

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia (CIF) - 2022
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia (FOB) - 2022
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia (CIF) - 2022

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $11,359 per ton, with a decrease of -13.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure at $13,742 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($11,900 per ton) and Germany ($11,716 per ton), while the price for Italy ($9,603 per ton) and Russia ($10,596 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $16,426 per ton, with an increase of 17% against the previous year. Overall, the export price, however, recorded a deep contraction. Over the period under review, the average export prices attained the maximum at $39,698 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($69,328 per ton), while the average price for exports to Estonia ($6,000 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 Kazakhstan (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia

Imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses into Latvia expanded notably to 12 tons in 2022, with an increase of 14% compared with 2021 figures. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses fell slightly to $140K in 2022. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of $142K, and then fell in the following year.

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Latvia in 2022:

1. Italy (8.0 tons)
2. Spain (2.5 tons)
3. Germany (0.8 tons)
4. Russia (0.6 tons)

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Latvia

In 2022, approx. 2 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from Latvia; growing by 24% on the previous year. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $33K in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 71%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Latvia in 2022:

1. Belarus (654.0 kg)
2. Kazakhstan (463.0 kg)
3. Lithuania (399.0 kg)
4. Uzbekistan (322.0 kg)
5. Ukraine (107.0 kg)
6. China (64.0 kg)
7. Estonia (1.0 kg)

Source: IndexBox Market Intelligence Platform