Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (CIF) - 2022
The average import price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $5,962 per ton in 2022, shrinking by -39.9% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, average import prices hit record highs at $10,118 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($26,926 per ton), while the price for the Netherlands ($4,116 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+56.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (FOB) - 2022
In 2022, the average export price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $137,581 per ton, rising by 1,671% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained 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 ($248,750 per ton), while the average price for exports to Turkey ($39,500 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1,207.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia
In 2022, purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol increased by 84% to 23 tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol rose significantly to $134K in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.8 | 16.9 | 32.7 | 72.4 | 132.0% |
| Ukraine | 65.5 | 64.6 | 33.3 | 30.9 | -22.2% |
| Netherlands | 14.3 | 4.4 | 5.5 | 11.5 | -7.0% |
| India | N/A | N/A | N/A | 9.4 | 0% |
| Germany | 6.1 | 2.2 | 32.7 | 0.3 | -63.4% |
| Italy | 6.4 | 12.8 | 5.4 | N/A | -8.1% |
| Others | 4.7 | 2.6 | 12.0 | 9.5 | 26.4% |
| Total | 103 | 104 | 122 | 134 | 9.2% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to Latvia in 2022:
- Spain (13.8 tons)
- Ukraine (5.1 tons)
- Netherlands (2.8 tons)
- India (0.3 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, when their volume decreased by -96.6% to 31 kg. Overall, exports faced a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 1,166% against the previous year. As a result, the exports attained the peak of 924 kg, and then reduced rapidly in the following year.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol dropped remarkably to $4.3K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 256% against the previous year.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 1.3 | 0% |
| Japan | 0.2 | N/A | N/A | 1.2 | 81.7% |
| Russia | N/A | N/A | N/A | 1.0 | 0% |
| United Kingdom | N/A | N/A | 6.0 | 0.7 | -88.3% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Switzerland | N/A | N/A | 0.1 | N/A | 0% |
| Germany | N/A | N/A | 0.1 | N/A | 0% |
| Moldova | 0.5 | 2.0 | N/A | N/A | 300.0% |
| India | N/A | 0.3 | 1.0 | N/A | 233.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 2.3 | 7.2 | 4.3 | 92.8% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from Latvia in 2022:
- United States (10.0 kg)
- Japan (9.0 kg)
- United Kingdom (6.0 kg)
- Russia (4.0 kg)
- Turkey (2.0 kg)
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