Price for Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof in Latvia - 2023

Contents:

1. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia (FOB) - 2023
2. Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia (CIF) - 2022
3. Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia
4. Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia (FOB) - 2023

The average export price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $74,931 per ton in October 2023, rising by 10% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 12% m-o-m. Over the period under review, the average export prices hit record highs at $75,827 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Poland.

From October 2022 to October 2023, the rate of growth in terms of prices for Slovenia amounted to +1.4% per month.

Price for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia (CIF) - 2022

The average import price for phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves stood at $10,082 per ton in 2022, increasing by 12% against the previous year. In general, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2013 an increase of 130%. Over the period under review, average import prices attained the maximum at $127,204 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Poland ($456,750 per ton), while the price for Ukraine amounted to $7,374 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+25.1%), while the prices for the other major suppliers experienced a decline.

Exports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia

In 2022, approx. 31 tons of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves were exported from Latvia; picking up by 35% compared with 2021 figures. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.5% 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 +75.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves skyrocketed to $1.8M in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof from Latvia in 2022:

1. Poland (21.7 tons)
2. Slovenia (5.0 tons)
3. Austria (4.0 tons)

Imports of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof in Latvia

In 2022, purchases abroad of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves decreased by -91.9% to 912 kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 123%. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereoves dropped remarkably to $9.2K in 2022. In general, imports showed a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 96% against the previous year. As a result, imports attained the peak of $112K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Phenols or Phenol-Alcohols; Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives Thereof to Latvia in 2022:

1. Ukraine (900.0 kg)

Source: IndexBox Market Intelligence Platform