Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia - 2023

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia (CIF) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia (FOB) - 2022
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia (CIF) - 2022

The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $11,818 per ton in 2022, falling by -22.3% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2014 an increase of 28%. Over the period under review, average import prices attained the maximum at $20,947 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($28,771 per ton), while the price for Lithuania ($1,580 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia (FOB) - 2022

In 2022, the average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $39,633 per ton, with an increase of 12% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses increased by +12.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 107%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($70,892 per ton), while the average price for exports to Estonia ($5,397 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 the UK (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia

Imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses into Latvia soared to 49 tons in 2022, picking up by 57% on the previous year. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses surged to $575K in 2022. Over the period under review, imports, however, showed a deep contraction.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Latvia in 2022:

1. Spain (27.8 tons)
2. Netherlands (7.1 tons)
3. Ukraine (4.6 tons)
4. Poland (2.0 tons)
5. India (1.7 tons)
6. Italy (1.6 tons)
7. China (1.5 tons)
8. Germany (1.1 tons)
9. Lithuania (0.8 tons)
10. United Kingdom (0.1 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Latvia

Exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses from Latvia soared to 14 tons in 2022, surging by 81% on 2021 figures. In general, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses soared to $557K in 2022. Overall, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Latvia in 2022:

1. Russia (4.9 tons)
2. United States (4.6 tons)
3. Belarus (1.6 tons)
4. Estonia (1.2 tons)
5. Brazil (0.8 tons)
6. Germany (0.4 tons)
7. United Kingdom (0.3 tons)
8. India (0.2 tons)

Source: IndexBox Market Intelligence Platform