Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia - 2023

Contents:

1. Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia (CIF) - 2022
2. Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia (FOB) - 2022
3. Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia
4. Exports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia

Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia (CIF) - 2022

In 2022, the average import price for heterocyclic compounds with oxygen hetero-atom(s) onlies amounted to $14,137 per ton, waning by -42.5% against the previous year. In general, the import price, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by 76% against the previous year. Over the period under review, average import prices attained the maximum at $24,581 per ton in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($37,393 per ton), while the price for Lithuania ($5,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia (FOB) - 2022

In 2022, the average export price for heterocyclic compounds with oxygen hetero-atom(s) onlies amounted to $76,260 per ton, rising by 5% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 798%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($493,091 per ton), while the average price for exports to Poland ($17,825 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+92.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia

Imports of heterocyclic compounds with oxygen hetero-atom(s) onlies into Latvia surged to 111 tons in 2022, increasing by 36% on the year before. Overall, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of heterocyclic compounds with oxygen hetero-atom(s) onlies dropped rapidly to $1.6M in 2022. In general, imports, however, saw a slight downturn. The pace of growth was the most pronounced in 2021 when imports increased by 17%. As a result, imports attained the peak of $2M, and then reduced rapidly in the following year.

Top Suppliers of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only to Latvia in 2022:

1. China (50.2 tons)
2. Spain (15.2 tons)
3. Netherlands (11.8 tons)
4. Ukraine (9.6 tons)
5. Lithuania (7.9 tons)
6. Germany (4.8 tons)
7. Finland (3.7 tons)

Exports of Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only in Latvia

In 2022, the amount of heterocyclic compounds with oxygen hetero-atom(s) onlies exported from Latvia expanded markedly to 15 tons, increasing by 12% compared with 2021. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% 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 +87.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of heterocyclic compounds with oxygen hetero-atom(s) onlies surged to $1.2M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 257% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Heterocyclic Compounds with Oxygen Hetero-Atom(S) Only from Latvia in 2022:

1. United Kingdom (10.8 tons)
2. United States (1.4 tons)
3. Poland (1.3 tons)
4. Lithuania (0.4 tons)
5. Germany (0.4 tons)
6. Switzerland (0.3 tons)
7. Finland (0.2 tons)
8. Belarus (0.1 tons)

Source: IndexBox Market Intelligence Platform