Latvia - Argon - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingArgon Price in Latvia - 2023
Contents:
- Argon Price in Latvia (CIF) - 2023
- Argon Price in Latvia (FOB) - 2023
- Argon Imports in Latvia
- Argon Exports in Latvia
Argon Price in Latvia (CIF) - 2023
The average argon import price stood at $631 per thousand cubic meters in September 2023, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the maximum at $677 per thousand cubic meters in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($1.2 per cubic meter), while the price for Finland ($279 per thousand cubic meters) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Price in Latvia (FOB) - 2023
The average argon export price stood at $1.1 per cubic meter in September 2023, picking up by 6.6% against the previous month. Overall, export price indicated pronounced growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, argon export price decreased by -8.6% against July 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 20% m-o-m. The export price peaked at $1.2 per cubic meter in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Finland ($2.0 per cubic meter), while the average price for exports to Estonia ($1.1 per cubic meter) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Imports in Latvia
Argon imports into Latvia totaled 3.4M cubic meters in 2022, increasing by 4.2% on 2021 figures. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.7% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, argon imports shrank to $1.6M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, imports attained the peak of $1.7M, and then shrank in the following year.
| Import of Argon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 509 | 505 | 523 | 520 | 0.7% |
| Russia | N/A | N/A | 114 | 481 | 321.9% |
| Estonia | 266 | 249 | 327 | 350 | 9.6% |
| Poland | 355 | 427 | 497 | 100 | -34.4% |
| Lithuania | 108 | 118 | 101 | 77.2 | -10.6% |
| Ukraine | 18.8 | 107 | 64.1 | 60.9 | 48.0% |
| Others | 39.1 | 8.7 | 29.5 | 18.7 | -21.8% |
| Total | 1,295 | 1,415 | 1,656 | 1,608 | 7.5% |
Top Suppliers of Argon to Latvia in 2022:
- Finland (1910.3K cubic meters)
- Russia (591.2K cubic meters)
- Estonia (578.7K cubic meters)
- Ukraine (126.5K cubic meters)
- Poland (110.4K cubic meters)
- Lithuania (85.8K cubic meters)
Argon Exports in Latvia
Argon exports from Latvia reduced slightly to 1.2M cubic meters in 2022, declining by -4.4% on the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.7%. As a result, the exports reached the peak of 1.3M cubic meters, and then shrank in the following year.
In value terms, argon exports reduced to $989K in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 16%. As a result, the exports attained the peak of $1.1M, and then fell in the following year.
| Export of Argon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 484 | 476 | 568 | 502 | 1.2% |
| Lithuania | 397 | 430 | 486 | 447 | 4.0% |
| Others | 10.4 | 45.3 | 52.1 | 40.1 | 56.8% |
| Total | 892 | 951 | 1,106 | 989 | 3.5% |
Top Export Markets for Argon from Latvia in 2022:
- Estonia (678.9K cubic meters)
- Lithuania (537.7K cubic meters)
This report provides an in-depth analysis of the argon market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111120 - Argon
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
88
This report provides an in-depth analysis of the argon market in Latvia.
157
This report provides an in-depth analysis of the arsenic market in Latvia.
66
This report provides an in-depth analysis of the hydrogen market in Latvia.
82
This report provides an in-depth analysis of the nitrogen market in Latvia.
42
This report provides an in-depth analysis of the oxygen market in Latvia.
79
This report provides an in-depth analysis of the market for phosphorus, arsenic and selenium in Latvia.
65
This report provides an in-depth analysis of the rare gases market in Latvia.
84
This report provides an in-depth analysis of the silicon market in Latvia.
1278
This report provides an in-depth analysis of the global argon market.
2624
This report provides an in-depth analysis of the global arsenic market.
280
Discover the top importers of Argon in the global market, including Indonesia, Italy, the United States, France, and Poland. Learn about their industrial sectors and the growing demand for Argon in manufacturing, construction, and research activities. Get valuable insights from the IndexBox market intelligence platform to navigate the complexities and capture opportunities in the Argon import market.
1769
The global supplies of arsenic amounted to X million USD in 2015, exhibiting wild fluctuations over the period under review. Exports of arsenic saw a decline in 2008, which continued into 2009, followed by a spike in 2010.
578
The global hydrogen market rose modestly to $22.7B in 2019, growing by 4.6% against the previous year. This figure...
1224
New waves of the epidemic and the overwhelming demand for oxygen in the healthcare sector have led to a scarcity of the product worldwide. Countries with severe shortages are diverting oxygen from the sectors of metallurgy and chemistry to healthcare, which reduces the productivity of the manufacturing industries. As the pandemic slows, the demand for medical oxygen will return to pre-crisis levels. In the post-pandemic period, the growing demand from the metallurgical and chemical industries will continue to shape market expansion. Decarbonization may emerge as a new market driver, with oxygen being used to produce synthesis gas from carbon dioxide.
419
Explore the world's best import markets for silicon with detailed statistics and data from IndexBox platform. Discover the top countries, their import values, and the factors driving the demand for silicon in these markets.
695
In 2021, the global silicon market picked up 4.1% to $10.2B, resuming growth after a 2020's slump.
280
Discover the top importers of Argon in the global market, including Indonesia, Italy, the United States, France, and Poland. Learn about their industrial sectors and the growing demand for Argon in manufacturing, construction, and research activities. Get valuable insights from the IndexBox market intelligence platform to navigate the complexities and capture opportunities in the Argon import market.
1769
The global supplies of arsenic amounted to X million USD in 2015, exhibiting wild fluctuations over the period under review. Exports of arsenic saw a decline in 2008, which continued into 2009, followed by a spike in 2010.
578
The global hydrogen market rose modestly to $22.7B in 2019, growing by 4.6% against the previous year. This figure...
1224
New waves of the epidemic and the overwhelming demand for oxygen in the healthcare sector have led to a scarcity of the product worldwide. Countries with severe shortages are diverting oxygen from the sectors of metallurgy and chemistry to healthcare, which reduces the productivity of the manufacturing industries. As the pandemic slows, the demand for medical oxygen will return to pre-crisis levels. In the post-pandemic period, the growing demand from the metallurgical and chemical industries will continue to shape market expansion. Decarbonization may emerge as a new market driver, with oxygen being used to produce synthesis gas from carbon dioxide.
