Latvia - Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Aqueous Paint and Varnish in Latvia - 2023
Contents:
- Price for Aqueous Paint and Varnish in Latvia (CIF) - 2023
- Price for Aqueous Paint and Varnish in Latvia (FOB) - 2023
- Imports of Aqueous Paint and Varnish in Latvia
- Exports of Aqueous Paint and Varnish in Latvia
Price for Aqueous Paint and Varnish in Latvia (CIF) - 2023
In September 2023, the average aqueous paint and varnish import price amounted to $3,385 per ton, with an increase of 2.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in October 2022 an increase of 22% against the previous month. The import price peaked at $3,476 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($5,666 per ton), while the price for Poland ($2,261 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aqueous Paint and Varnish in Latvia (FOB) - 2023
The average aqueous paint and varnish export price stood at $3,526 per ton in September 2023, with a decrease of -11.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in December 2022 an increase of 27% against the previous month. Over the period under review, the average export prices hit record highs at $3,980 per ton in August 2023, and then fell in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Belarus ($6,060 per ton), while the average price for exports to Egypt ($1,176 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aqueous Paint and Varnish in Latvia
In 2022, after three years of growth, there was decline in supplies from abroad of paints and varnishes dispersed or dissolved in an aqueous medium, when their volume decreased by -2.1% to 10K tons. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year.
In value terms, aqueous paint and varnish imports dropped modestly to $30M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $31M, and then declined in the following year.
Import of Aqueous Paint and Varnish in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 8.0 | 8.9 | 11.2 | 11.8 | 13.8% |
Poland | 2.3 | 3.7 | 3.7 | 3.7 | 17.2% |
Lithuania | 2.5 | 2.8 | 3.5 | 3.2 | 8.6% |
Finland | 1.2 | 1.5 | 3.1 | 3.1 | 37.2% |
Germany | 4.1 | 3.1 | 3.1 | 2.8 | -11.9% |
Sweden | 1.8 | 1.6 | 2.4 | 2.1 | 5.3% |
Italy | 0.6 | 1.4 | 1.4 | 1.4 | 32.6% |
Others | 2.0 | 2.3 | 2.4 | 2.2 | 3.2% |
Total | 22.5 | 25.2 | 30.9 | 30.3 | 10.4% |
Top Suppliers of Aqueous Paint and Varnish to Latvia in 2022:
- Estonia (4.3K tons)
- Poland (1.7K tons)
- Germany (1.2K tons)
- Lithuania (1.0K tons)
- Finland (0.9K tons)
- Sweden (0.6K tons)
- Italy (0.3K tons)
Exports of Aqueous Paint and Varnish in Latvia
Aqueous paint and varnish exports from Latvia amounted to 4.6K tons in 2022, with an increase of 10% compared with the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, aqueous paint and varnish exports surged to $13M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
Export of Aqueous Paint and Varnish in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 2.0 | 2.1 | 5.2 | 5.7 | 41.8% |
Estonia | 2.4 | 2.4 | 2.3 | 2.5 | 1.4% |
Belarus | 0.6 | 0.6 | 0.6 | 2.4 | 58.7% |
Russia | 0.5 | 1.6 | 1.9 | 0.9 | 21.6% |
Poland | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
Kazakhstan | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
Algeria | N/A | N/A | 0.1 | 0.2 | 100.0% |
Egypt | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
China | 0.1 | 0.4 | N/A | N/A | 300.0% |
Others | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
Total | 6.3 | 7.8 | 11.1 | 13.3 | 28.3% |
Top Export Markets for Aqueous Paint and Varnish from Latvia in 2022:
- Lithuania (2079.9 tons)
- Estonia (1015.2 tons)
- Belarus (586.8 tons)
- Russia (215.5 tons)
- Kazakhstan (169.5 tons)
- Poland (125.0 tons)
- Algeria (120.0 tons)
- Egypt (67.3 tons)
This report provides an in-depth analysis of the market for aqueous paint and varnish in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20301150 - Paints and varnishes, based on acrylic or vinyl polymers dispersed or dissolved in an aqueous medium (including enamels and lacquers)
- Prodcom 20301170 - Other paints, varnishes dispersed or dissolved in an aqueous medium
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for aqueous paint and varnish in Latvia.
This report provides an in-depth analysis of the paint and varnish market in Latvia.
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This report provides an in-depth analysis of the global market for aqueous paint and varnish.
This report provides an in-depth analysis of the global paint and varnish market.
This report provides an in-depth analysis of the global market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium.
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This report provides an in-depth analysis of the market for aqueous paint and varnish in Latvia.
This report provides an in-depth analysis of the paint and varnish market in Latvia.
Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Explore the top import markets for paint and varnish worldwide, including China, Canada, Germany, and more. Discover key statistics, import values, and growth potential. Leverage the IndexBox market intelligence platform for in-depth analysis and insights.
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...
Global paint and varnish imports amounted to X tons in 2016, standing approx. at the previous year level. Overall, paint and varnish imports continue to indicate a relatively flat trend pattern. ...