Phenols; Phenol-Alcohols Price in Latvia - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Latvia (CIF) - 2023
- Phenols; Phenol-Alcohols Price in Latvia (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Latvia
- Phenols; Phenol-Alcohols Exports in Latvia
Phenols; Phenol-Alcohols Price in Latvia (CIF) - 2023
In September 2023, the average phenols; phenol-alcohols import price amounted to $1,615 per ton, shrinking by -3.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 21% against the previous month. Over the period under review, average import prices reached the peak figure at $1,746 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Austria.
From September 2022 to September 2023, the rate of growth in terms of prices for Austria amounted to -0.4% per month.
Phenols; Phenol-Alcohols Price in Latvia (FOB) - 2022
The average phenols; phenol-alcohols export price stood at $6,338 per ton in 2022, picking up by 136% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($21,000 per ton), while the average price for exports to Lithuania ($2,100 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 Russia (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
Phenols; Phenol-Alcohols Imports in Latvia
In 2022, the amount of phenols; phenol-alcoholses imported into Latvia reduced to 6.2K tons, with a decrease of -4.9% on 2021. Over the period under review, imports saw a noticeable decline. The smallest decline of -0.4% was in 2021.
In value terms, phenols; phenol-alcohols imports expanded rapidly to $10M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +85.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Phenols; Phenol-Alcohols in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 5.7 | 3.7 | 6.0 | 9.4 | 18.1% |
| Russia | 1.2 | 1.7 | 2.8 | 0.6 | -20.6% |
| Others | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Total | 7.2 | 5.6 | 9.1 | 10.5 | 13.4% |
Top Suppliers of Phenols; Phenol-Alcohols to Latvia in 2022:
- Austria (5.8K tons)
- Russia (0.4K tons)
Phenols; Phenol-Alcohols Exports in Latvia
In 2022, approx. 2.2 tons of phenols; phenol-alcoholses were exported from Latvia; which is down by -94.5% against the year before. Overall, exports faced a sharp decline. The smallest decline of -0.4% was in 2020.
In value terms, phenols; phenol-alcohols exports dropped dramatically to $14K in 2022. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.1% against the previous year. As a result, the exports reached the peak of $163K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Phenols; Phenol-Alcohols in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.0 | 1.2 | 2.0 | 4.5 | -13.7% |
| Belarus | 0.2 | 0.4 | 1.1 | 1.5 | 95.7% |
| Lithuania | N/A | N/A | 1.3 | 1.4 | 7.7% |
| China | 153 | 154 | 84.8 | 1.2 | -80.1% |
| Others | 0.2 | 7.6 | 17.5 | 5.3 | 198.1% |
| Total | 160 | 163 | 107 | 13.9 | -55.7% |
Top Export Markets for Phenols; Phenol-Alcohols from Latvia in 2022:
- Germany (699.0 kg)
- Lithuania (673.0 kg)
- China (487.0 kg)
- Belarus (316.0 kg)
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