Latvia - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFormaldehyde Price in Latvia - 2023
Contents:
- Formaldehyde Price in Latvia (CIF) - 2022
- Formaldehyde Price in Latvia (FOB) - 2022
- Formaldehyde Imports in Latvia
- Formaldehyde Exports in Latvia
Formaldehyde Price in Latvia (CIF) - 2022
In 2022, the average formaldehyde import price amounted to $357 per ton, surging by 29% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, formaldehyde import price increased by +73.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($404 per ton) and Lithuania ($397 per ton), while the price for Russia ($282 per ton) and Finland ($339 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Formaldehyde Price in Latvia (FOB) - 2022
The average formaldehyde export price stood at $887 per ton in 2022, which is down by -6.4% against the previous year. In general, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 73% against the previous year. As a result, the export price reached the peak level of $3,255 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,105 per ton), while the average price for exports to the United Arab Emirates ($801 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 Singapore (+14.3%), while the prices for the other major destinations experienced a decline.
Formaldehyde Imports in Latvia
In 2022, purchases abroad of formaldehyde decreased by -5.4% to 13K tons, falling for the second year in a row after two years of growth. In general, imports showed a perceptible descent. The growth pace was the most rapid in 2020 when imports increased by 3.6% against the previous year. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, formaldehyde imports skyrocketed to $4.5M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Formaldehyde in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 519 | 387 | 772 | 2,265 | 63.4% |
| Lithuania | 494 | 463 | 9.1 | 867 | 20.6% |
| Poland | 316 | 208 | 280 | 723 | 31.8% |
| Russia | 2,071 | 1,856 | 2,638 | 551 | -35.7% |
| Others | 65.3 | 2.4 | 2.6 | 111 | 19.3% |
| Total | 3,465 | 2,915 | 3,702 | 4,518 | 9.2% |
Top Suppliers of Formaldehyde to Latvia in 2022:
- Finland (6.7K tons)
- Lithuania (2.2K tons)
- Russia (2.0K tons)
- Poland (1.8K tons)
Formaldehyde Exports in Latvia
In 2022, the amount of formaldehyde exported from Latvia surged to 44 tons, increasing by 273% against 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 75,370% against the previous year. As a result, the exports attained the peak of 148 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, formaldehyde exports surged to $39K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 130,380%. As a result, the exports reached the peak of $481K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Formaldehyde in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 27.7 | 0% |
| Bahamas | N/A | 57.5 | N/A | 7.9 | -62.9% |
| Russia | 0.2 | N/A | 0.1 | 1.7 | 104.1% |
| Switzerland | N/A | 151 | N/A | N/A | 0% |
| Marshall Islands | N/A | 6.2 | N/A | N/A | 0% |
| Morocco | N/A | N/A | 9.6 | N/A | 0% |
| Singapore | N/A | 235 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 14.7 | N/A | N/A | 0% |
| Others | 0.2 | 17.1 | 1.5 | 1.6 | 100.0% |
| Total | 0.4 | 481 | 11.1 | 38.9 | 359.9% |
Top Export Markets for Formaldehyde from Latvia in 2022:
- United Arab Emirates (34.6 tons)
- Bahamas (8.3 tons)
- Russia (0.8 tons)
This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)
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.
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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
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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
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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
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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
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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
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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
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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
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In value terms, aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
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In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...
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In value terms, aldehydes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated...
639
In value terms, halogenated, sulphonated, nitrated aldehydes exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the tr...
984
In value terms, aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
1013
In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...
955
In value terms, aldehydes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated...
639
In value terms, halogenated, sulphonated, nitrated aldehydes exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the tr...
