Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia - 2023

Contents:

1. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia (CIF) - 2022
2. Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia (FOB) - 2022
3. Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia
4. Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia (CIF) - 2022

The average import price for aldehydes; cyclic, without other oxygen function, benzaldehydes stood at $2,800 per ton in 2022, falling by -9.1% against the previous year. In general, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16%. The import price peaked at $3,675 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($3,475 per ton) and Germany ($3,257 per ton), while the price for China ($2,359 per ton) and Spain ($2,839 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced a decline.

Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia (FOB) - 2022

In 2022, the average export price for aldehydes; cyclic, without other oxygen function, benzaldehydes amounted to $92,000 per ton, rising by 963% against the previous year. Over the period under review, the export price, however, faced a sharp slump. The export price peaked at $332,667 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($130,000 per ton), while the average price for exports to the Netherlands totaled $16,000 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-54.3%).

Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia

Imports of aldehydes; cyclic, without other oxygen function, benzaldehydes into Latvia declined dramatically to 15 tons in 2022, which is down by -22.7% on the previous year's figure. Overall, imports recorded a deep contraction. The smallest decline of -7.4% was in 2021.

In value terms, imports of aldehydes; cyclic, without other oxygen function, benzaldehydes contracted notably to $41K in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 7.4% against the previous year.

Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde to Latvia in 2022:

1. China (8.0 tons)
2. Germany (4.5 tons)
3. Spain (1.2 tons)
4. Italy (1.0 tons)

Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in Latvia

In 2022, after three years of growth, there was significant decline in shipments abroad of aldehydes; cyclic, without other oxygen function, benzaldehydes, when their volume decreased by -96.1% to 3 kg. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 1,667%.

In value terms, exports of aldehydes; cyclic, without other oxygen function, benzaldehydes declined significantly to $276 in 2022. In general, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 51%.

Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde from Latvia in 2022:

1. Georgia (2.0 kg)
2. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform