Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,455 per ton, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($4,576 per ton), while the price for Finland ($2,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (FOB) - 2023
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $4,510 per ton in November 2023, shrinking by -2% against the previous month. In general, the export price saw a noticeable reduction. The growth pace was the most rapid in April 2023 an increase of 124% against the previous month. As a result, the export price attained the peak level of $8,272 per ton. From May 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($12,142 per ton), while the average price for exports to Chile ($3,156 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia
After three years of growth, purchases abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -22.2% to 3.6K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 55%.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) reduced to $13M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 3.4 | 4.6 | 3.8 | 21.9% |
| Finland | 1.5 | 1.7 | 2.4 | 2.0 | 10.1% |
| Estonia | 0.7 | 1.1 | 1.5 | 1.3 | 22.9% |
| Sweden | 0.9 | 1.0 | 1.1 | 1.1 | 6.9% |
| Lithuania | 0.7 | 0.8 | 1.0 | 0.8 | 4.6% |
| Poland | 0.6 | 0.6 | 0.8 | 0.7 | 5.3% |
| China | N/A | N/A | N/A | 0.7 | 0% |
| Italy | 0.2 | 0.5 | 1.0 | 0.6 | 44.2% |
| Others | 1.9 | 2.4 | 1.9 | 1.7 | -3.6% |
| Total | 8.7 | 11.4 | 14.4 | 12.6 | 13.1% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Latvia in 2022:
- Germany (1062.8 tons)
- Finland (790.9 tons)
- Estonia (423.4 tons)
- Sweden (232.9 tons)
- Lithuania (213.9 tons)
- China (202.9 tons)
- Poland (183.5 tons)
- Italy (138.4 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -21.9% to 631 tons. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 710% against the previous year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded markedly to $2.6M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 365%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 16.8 | 1,453 | 1,762 | 1,831 | 377.7% |
| Lithuania | 302 | 237 | 441 | 369 | 6.9% |
| Estonia | 33.9 | 34.2 | 59.7 | 81.4 | 33.9% |
| Belarus | 12.7 | 40.2 | 83.2 | 59.7 | 67.5% |
| Angola | N/A | N/A | 19.9 | 52.9 | 165.8% |
| Kazakhstan | N/A | N/A | N/A | 41.0 | 0% |
| Others | 18.6 | 17.4 | 57.0 | 146 | 98.7% |
| Total | 384 | 1,782 | 2,423 | 2,580 | 88.7% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Latvia in 2022:
- Russia (472.4 tons)
- Lithuania (78.1 tons)
- Angola (18.8 tons)
- Estonia (13.3 tons)
- Belarus (12.3 tons)
- Kazakhstan (11.2 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Latvia.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Latvia.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
