Mica; Powder Price in Latvia - 2023

Contents:

1. Mica; Powder Price in Latvia (CIF) - 2022
2. Mica; Powder Price in Latvia (FOB) - 2022
3. Mica; Powder Imports in Latvia
4. Mica; Powder Exports in Latvia

Mica; Powder Price in Latvia (CIF) - 2022

The average mica; powder import price stood at $702 per ton in 2022, falling by -41.1% against the previous year. In general, the import price continues to indicate a sharp shrinkage. The growth pace was the most rapid in 2018 an increase of 248%. Over the period under review, average import prices attained the maximum at $11,160 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Austria amounted to +2.8% per year.

Mica; Powder Price in Latvia (FOB) - 2022

The average mica; powder export price stood at $2,177 per ton in 2022, surging by 5.1% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. The export price peaked at $4,200 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for Estonia amounted to -7.0% per year.

Mica; Powder Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of mica; powders, which increased by 3.6% to 119 tons in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 131% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, mica; powder imports contracted remarkably to $84K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 162%. As a result, imports attained the peak of $137K, and then fell notably in the following year.

Top Suppliers of Mica; Powder to Latvia in 2022:

1. Germany (118.6 tons)

Mica; Powder Exports in Latvia

In 2022, overseas shipments of mica; powders decreased by -20.2% to 79 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 344 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mica; powder exports fell remarkably to $172 in 2022. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2020 when exports increased by 50%. As a result, the exports attained the peak of $921. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Mica; Powder from Latvia in 2022:

1. Estonia (79.0 kg)

Source: IndexBox Market Intelligence Platform