Latvia - Benzol (Benzene), Toluol (Toluene) And Xylol (Xylenes) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Benzol, Toluol and Xylol in Latvia - 2023
Contents:
- Price for Benzol, Toluol and Xylol in Latvia (CIF) - 2022
- Price for Benzol, Toluol and Xylol in Latvia (FOB) - 2022
- Imports of Benzol, Toluol and Xylol in Latvia
- Exports of Benzol, Toluol and Xylol in Latvia
Price for Benzol, Toluol and Xylol in Latvia (CIF) - 2022
In 2022, the average benzol, toluol and xylol import price amounted to $1,451 per ton, increasing by 68% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the Netherlands ($3,933 per ton), while the price for Poland ($806 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Benzol, Toluol and Xylol in Latvia (FOB) - 2022
In 2022, the average benzol, toluol and xylol export price amounted to $1,454 per ton, rising by 68% against the previous year. Overall, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices hit record highs at $3,010 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($4,699 per ton), while the average price for exports to Estonia stood at $1,369 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+59.2%).
Imports of Benzol, Toluol and Xylol in Latvia
In 2022, imports of benzol (benzene), toluol (toluene) and xylol (xylenes) into Latvia rose to 375 tons, growing by 3.6% against the previous year. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports attained the peak of 377 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, benzol, toluol and xylol imports surged to $544K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Benzol, Toluol and Xylol in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 104 | 32.3 | 90.5 | 302 | 42.7% |
| Netherlands | N/A | 4.1 | 4.0 | 80.8 | 343.9% |
| Czech Republic | 33.5 | 16.8 | N/A | 62.8 | 23.3% |
| Lithuania | N/A | 56.2 | N/A | 32.2 | -24.3% |
| Germany | 14.7 | 0.1 | 0.2 | 29.4 | 26.0% |
| Poland | 123 | 121 | 212 | 16.8 | -48.5% |
| Finland | N/A | N/A | N/A | 10.9 | 0% |
| Others | N/A | 1.5 | 5.5 | 9.0 | 144.9% |
| Total | 275 | 232 | 313 | 544 | 25.5% |
Top Suppliers of Benzol, Toluol and Xylol to Latvia in 2022:
- Slovakia (244.5 tons)
- Czech Republic (45.7 tons)
- Lithuania (21.9 tons)
- Poland (20.8 tons)
- Netherlands (20.5 tons)
- Germany (11.3 tons)
- Finland (6.5 tons)
Exports of Benzol, Toluol and Xylol in Latvia
In 2022, benzol, toluol and xylol exports from Latvia surged to 55 tons, picking up by 56% against the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,888%. As a result, the exports reached the peak of 77 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, benzol, toluol and xylol exports skyrocketed to $79K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 885% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Benzol, Toluol and Xylol in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | 41.4 | 25.9 | 72.6 | 32.4% |
| Kazakhstan | N/A | N/A | N/A | 4.9 | 0% |
| Others | 4.3 | 1.0 | 4.3 | 1.9 | -23.8% |
| Total | 4.3 | 42.4 | 30.2 | 79.4 | 164.3% |
Top Export Markets for Benzol, Toluol and Xylol from Latvia in 2022:
- Estonia (53.0 tons)
- Kazakhstan (1.1 tons)
This report provides an in-depth analysis of the market for benzol, toluol and xylol 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 20147320 - Benzol (benzene), toluol (toluene) and xylol (xylenes)
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
-
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
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