Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia - 2023

Contents:

1. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia (CIF) - 2023
2. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia (FOB) - 2023
3. Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia
4. Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia (CIF) - 2023

In October 2023, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $1,003 per ton, with a decrease of -6.2% against the previous month. In general, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 13% against the previous month. The import price peaked at $1,971 per ton in December 2022; however, from January 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($2,917 per ton), while the price for Lithuania ($622 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia (FOB) - 2023

The average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $378 per ton in October 2023, reducing by -85.7% against the previous month. In general, the export price faced a deep contraction. The pace of growth was the most pronounced in September 2023 an increase of 134% against the previous month. Over the period under review, the average export prices hit record highs at $5,383 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,140 per ton), while the average price for exports to Singapore ($281 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia

For the fourth year in a row, Latvia recorded growth in supplies from abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses, which increased by 68% to 6.8K tons in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses surged to $8.5M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Latvia in 2022:

1. Russia (1827.9 tons)
2. Lithuania (1581.9 tons)
3. Kazakhstan (876.1 tons)
4. Denmark (666.2 tons)
5. China (520.0 tons)
6. Thailand (413.1 tons)
7. Turkey (310.0 tons)
8. Germany (148.0 tons)

Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Latvia

For the fourth year in a row, Latvia recorded growth in shipments abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses, which increased by 126% to 1.9K tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 240%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses skyrocketed to $3.3M in 2022. Over the period under review, exports showed 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 Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Latvia in 2022:

1. Germany (509.9 tons)
2. Spain (348.2 tons)
3. Estonia (345.6 tons)
4. Hungary (193.0 tons)
5. Italy (110.2 tons)
6. Lithuania (83.5 tons)
7. Poland (73.7 tons)
8. Singapore (55.0 tons)
9. Kazakhstan (47.0 tons)
10. Belgium (43.4 tons)
11. Uzbekistan (22.9 tons)

Source: IndexBox Market Intelligence Platform