Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia - 2023

Contents:

1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia (CIF) - 2022
2. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia (FOB) - 2023
3. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia
4. Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia (CIF) - 2022

In 2022, the average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses amounted to $3,718 per ton, waning by -2.4% against the previous year. In general, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure at $6,975 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($5,860 per ton), while the price for Poland ($2,708 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia (FOB) - 2023

In December 2023, the average export price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses amounted to $3,666 per ton, which is down by -45.9% against the previous month. Over the period under review, the export price, however, showed a noticeable increase. The pace of growth was the most pronounced in June 2023 when the average export price increased by 346% month-to-month. As a result, the export price reached the peak level of $15,793 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($47,625 per ton), while the average price for exports to Lithuania amounted to $2,020 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia

Imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses into Latvia rose sharply to 731 tons in 2022, growing by 9.5% compared with the year before. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses rose remarkably to $2.7M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Latvia in 2022:

1. Germany (478.8 tons)
2. South Korea (95.9 tons)
3. Poland (95.4 tons)
4. Lithuania (54.0 tons)

Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Latvia

For the fourth year in a row, Latvia recorded growth in overseas shipments of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses, which increased by 8.3% to 127 tons in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses rose remarkably to $396K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms from Latvia in 2022:

1. Lithuania (77.3 tons)
2. Estonia (48.8 tons)
3. Russia (1.0 tons)

Source: IndexBox Market Intelligence Platform