Price for Monophenols; Cresols and Their Salts in Latvia - 2023

Contents:

1. Price for Monophenols; Cresols and Their Salts in Latvia (CIF) - 2022
2. Price for Monophenols; Cresols and Their Salts in Latvia (FOB) - 2022
3. Imports of Monophenols; Cresols and Their Salts in Latvia
4. Exports of Monophenols; Cresols and Their Salts in Latvia

Price for Monophenols; Cresols and Their Salts in Latvia (CIF) - 2022

The average import price for monophenols; cresols and their saltses stood at $16,188 per ton in 2022, surging by 37% against the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 152%. The import price peaked in 2022 and is expected to retain 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 Belgium ($57,000 per ton), while the price for Germany stood at $13,467 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.2%).

Price for Monophenols; Cresols and Their Salts in Latvia (FOB) - 2022

In 2022, the average export price for monophenols; cresols and their saltses amounted to $46,600 per ton, which is down by -40.6% against the previous year. In general, the export price saw a noticeable reduction. The growth pace was the most rapid in 2021 an increase of 60% against the previous year. As a result, the export price attained the peak level of $78,400 per ton, and then declined sharply in the following year.

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 the Netherlands ($55,250 per ton), while the average price for exports to France amounted to $12,000 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%).

Imports of Monophenols; Cresols and Their Salts in Latvia

In 2022, purchases abroad of monophenols; cresols and their saltses decreased by -33.3% to 16 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,944% against the previous year. As a result, imports attained the peak of 184 kg. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, monophenols; cresols and their salts imports contracted to $259 in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 5,042%. As a result, imports reached the peak of $2K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Monophenols; Cresols and Their Salts to Latvia in 2022:

1. Germany (15.0 kg)
2. Belgium (1.0 kg)

Exports of Monophenols; Cresols and Their Salts in Latvia

In 2022, approx. 5 kg of monophenols; cresols and their saltses were exported from Latvia; approximately equating the year before. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -87.5% was in 2021.

In value terms, monophenols; cresols and their salts exports shrank notably to $233 in 2022. Overall, exports recorded a precipitous contraction.

Top Export Markets for Monophenols; Cresols and Their Salts from Latvia in 2022:

1. Netherlands (4.0 kg)
2. France (1.0 kg)

Source: IndexBox Market Intelligence Platform