Price for Pectic Substances; Pectinates and Pectates in Latvia - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Latvia (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Latvia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Latvia
4. Exports of Pectic Substances; Pectinates and Pectates in Latvia

Price for Pectic Substances; Pectinates and Pectates in Latvia (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $14,226 per ton, declining by -16.5% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 16%. The import price peaked at $17,039 per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($17,747 per ton), while the price for Spain ($11,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Latvia (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $9,326 per ton in 2022, which is down by -25.4% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. As a result, the export price attained the peak level of $17,334 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($15,637 per ton), while the average price for exports to Belarus ($1,000 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 Russia (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Pectic Substances; Pectinates and Pectates in Latvia

In 2022, pectic substances; pectinates and pectates imports into Latvia expanded rapidly to 65 tons, surging by 15% on the previous year. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pectic substances; pectinates and pectates imports reduced to $922K in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of $964K, and then declined modestly in the following year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Latvia in 2022:

1. Germany (22.1 tons)
2. Poland (13.7 tons)
3. Lithuania (12.4 tons)
4. Spain (8.6 tons)
5. Italy (4.7 tons)
6. Estonia (3.1 tons)

Exports of Pectic Substances; Pectinates and Pectates in Latvia

In 2022, approx. 33 tons of pectic substances; pectinates and pectateses were exported from Latvia; jumping by 440% compared with the previous year. Overall, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pectic substances; pectinates and pectates exports surged to $310K in 2022. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Latvia in 2022:

1. Turkmenistan (19.6 tons)
2. Uzbekistan (13.2 tons)
3. Russia (0.3 tons)

Source: IndexBox Market Intelligence Platform