Liquefied Butanes Price in Latvia - 2023

Contents:

1. Liquefied Butanes Price in Latvia (CIF) - 2023
2. Liquefied Butanes Price in Latvia (FOB) - 2023
3. Liquefied Butanes Imports in Latvia
4. Liquefied Butanes Exports in Latvia

Liquefied Butanes Price in Latvia (CIF) - 2023

The average liquefied butanes import price stood at $433 per ton in September 2023, with an increase of 4.8% against the previous month. Overall, the import price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in June 2023 an increase of 13% against the previous month. The import price peaked at $676 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From September 2022 to September 2023, the rate of growth in terms of prices for Russia amounted to +0.1% per month.

Liquefied Butanes Price in Latvia (FOB) - 2023

In September 2023, the average liquefied butanes export price amounted to $564 per ton, with an increase of 17% against the previous month. In general, the export price, however, faced a drastic downturn. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 634% month-to-month. As a result, the export price reached the peak level of $4,754 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From September 2022 to September 2023, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per month.

Liquefied Butanes Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of liquefied butaneses, which increased by 2.6% to 15K tons in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, liquefied butanes imports reached $9.5M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Liquefied Butanes to Latvia in 2022:

1. Lithuania (13.0K tons)
2. Russia (2.2K tons)

Liquefied Butanes Exports in Latvia

In 2022, the amount of liquefied butaneses exported from Latvia declined sharply to 707 tons, waning by -47.6% on the previous year's figure. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then reduced sharply in the following year.

In value terms, liquefied butanes exports shrank notably to $534K in 2022. Overall, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $900K, and then shrank markedly in the following year.

Top Export Markets for Liquefied Butanes from Latvia in 2022:

1. Lithuania (618.0 tons)
2. Poland (77.8 tons)
3. Estonia (11.1 tons)

Source: IndexBox Market Intelligence Platform