Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia - 2023

Contents:

  1. Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (CIF) - 2022
  2. Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (FOB) - 2022
  3. Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia
  4. Exports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia

Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (CIF) - 2022

The average import price for alkaloids, vegetable; of cinchona and their derivatives; salts thereoves stood at $126,636 per ton in 2022, waning by -25.3% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 114% against the previous year. The import price peaked at $531,125 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($129,100 per ton), while the price for Germany amounted to $102,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.4%).

Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (FOB) - 2022

In 2022, the average export price for alkaloids, vegetable; of cinchona and their derivatives; salts thereoves amounted to $15,375 per ton, declining by -21.2% against the previous year. Over the period under review, the export price showed a significant curtailment. The export price peaked at $19,500 per ton in 2021, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2021 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -21.2% per year.

Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia

In 2022, purchases abroad of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves decreased by -8.3% to 11 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 600%.

In value terms, imports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves dropped markedly to $1.4K in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,397% against the previous year.

Import of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/A1,4851,3601,291-6.8%
Germany115236673102-3.9%
OthersN/AN/AN/AN/A0%
Total1151,7212,0331,393129.7%

Top Suppliers of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof to Latvia in 2022:

  1. Belgium (10.0 kg)
  2. Germany (1.0 kg)

Exports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia

In 2022, exports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves from Latvia soared to 8 kg, rising by 300% against the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves skyrocketed to $123 in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in Latvia (USD)
COUNTRY20212022CAGR,
2021-2022
Netherlands39.0123215.4%
OthersN/AN/A0%
Total39.0123215.4%

Top Export Markets for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof from Latvia in 2022:

  1. Netherlands (8.0 kg)

Source: IndexBox Market Intelligence Platform

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