Latvia - Melamine Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMelamine Resins Price in Latvia - 2023
Contents:
- Melamine Resins Price in Latvia (CIF) - 2023
- Melamine Resins Price in Latvia (FOB) - 2022
- Melamine Resins Imports in Latvia
- Melamine Resins Exports in Latvia
Melamine Resins Price in Latvia (CIF) - 2023
In September 2023, the average melamine resins import price amounted to $466 per ton, with an increase of 27% against the previous month. In general, the import price, however, recorded a mild downturn. Over the period under review, average import prices hit record highs at $683 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Finland ($805 per ton), while the price for Belarus amounted to $279 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (-0.0%).
Melamine Resins Price in Latvia (FOB) - 2022
The average melamine resins export price stood at $2,747 per ton in 2022, dropping by -4.9% against the previous year. Over the period under review, the export price saw a perceptible slump. The growth pace was the most rapid in 2021 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $4,025 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Belarus ($3,931 per ton), while the average price for exports to Russia ($1,331 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 Belarus (-0.4%), while the prices for the other major destinations experienced a decline.
Melamine Resins Imports in Latvia
In 2022, approx. 17K tons of melamine resins in primary forms were imported into Latvia; growing by 9.2% compared with 2021 figures. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 164%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, melamine resins imports soared to $12M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Melamine Resins in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 1.7 | 3.8 | 4.7 | 5.9 | 51.4% |
| Finland | 0.6 | 1.5 | 3.1 | 5.5 | 109.3% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 2.6 | 5.5 | 7.9 | 11.6 | 64.6% |
Top Suppliers of Melamine Resins to Latvia in 2022:
- Belarus (10.8K tons)
- Finland (6.4K tons)
Melamine Resins Exports in Latvia
In 2022, exports of melamine resins in primary forms from Latvia skyrocketed to 90 tons, increasing by 48% on the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, melamine resins exports surged to $246K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Melamine Resins in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 129 | 177 | 170 | 187 | 13.2% |
| Russia | 1.1 | N/A | N/A | 53.3 | 264.6% |
| Lithuania | 1.7 | 1.8 | 2.7 | 4.9 | 42.3% |
| Others | 1.5 | 0.4 | 2.0 | 1.0 | -12.6% |
| Total | 133 | 179 | 175 | 246 | 22.8% |
Top Export Markets for Melamine Resins from Latvia in 2022:
- Belarus (47.6 tons)
- Russia (40.0 tons)
- Lithuania (1.9 tons)
This report provides an in-depth analysis of the melamine resins 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 20165570 - Melamine resins, in primary forms
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
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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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