Price for Cellulose Acetates; Plasticised, in Primary Forms in Latvia - 2023

Contents:

1. Price for Cellulose Acetates; Plasticised, in Primary Forms in Latvia (CIF) - 2022
2. Price for Cellulose Acetates; Plasticised, in Primary Forms in Latvia (FOB) - 2022
3. Imports of Cellulose Acetates; Plasticised, in Primary Forms in Latvia
4. Exports of Cellulose Acetates; Plasticised, in Primary Forms in Latvia

Price for Cellulose Acetates; Plasticised, in Primary Forms in Latvia (CIF) - 2022

The average import price for cellulose acetates; plasticised, in primary formses stood at $43,003 per ton in 2022, rising by 64% against the previous year. Over the period under review, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 349%. The import price peaked in 2022 and is likely to see steady 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 Spain ($48,284 per ton), while the price for Germany amounted to $25,400 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%).

Price for Cellulose Acetates; Plasticised, in Primary Forms in Latvia (FOB) - 2022

In 2021, the average export price for cellulose acetates; plasticised, in primary formses amounted to $10,018 per ton, picking up by 11% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($27,917 per ton), while the average price for exports to Germany amounted to $2,960 per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-1.4%).

Imports of Cellulose Acetates; Plasticised, in Primary Forms in Latvia

Imports of cellulose acetates; plasticised, in primary formses into Latvia shrank notably to 295 kg in 2022, dropping by -76% on the year before. Over the period under review, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 776% against the previous year.

In value terms, imports of cellulose acetates; plasticised, in primary formses fell sharply to $13K in 2022. In general, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 3,836%.

Top Suppliers of Cellulose Acetates; Plasticised, in Primary Forms to Latvia in 2022:

1. Spain (225.0 kg)
2. Germany (70.0 kg)

Exports of Cellulose Acetates; Plasticised, in Primary Forms in Latvia

For the third consecutive year, Latvia recorded decline in overseas shipments of cellulose acetates; plasticised, in primary formses, which decreased by 99.9% to less than 0.1 kg in 2022. Overall, exports recorded a precipitous descent. The smallest decline of -69.8% was in 2021.

In value terms, exports of cellulose acetates; plasticised, in primary formses reduced remarkably to $44 in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The smallest decline of -66.4% was in 2021.

Top Export Markets for Cellulose Acetates; Plasticised, in Primary Forms from Latvia in 2022:

1. Germany (2.4 tons)
2. Russia (0.9 tons)

Source: IndexBox Market Intelligence Platform