Report Update: May 1, 2024

Latvia - Scouring Pastes And Powders - Market Analysis, Forecast, Size, Trends And Insights

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Price for Scouring Pastes and Powders in Latvia - 2023

Price for Scouring Pastes and Powders in Latvia (CIF) - 2023

In August 2023, the average scouring pastes and powders import price amounted to $1,536 per ton, picking up by 6.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2023 an increase of 38% against the previous month. As a result, import price reached the peak level of $1,605 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($3,520 per ton), while the price for Poland ($1,395 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Estonia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Scouring Pastes and Powders in Latvia (FOB) - 2022

In 2022, the average scouring pastes and powders export price amounted to $1,829 per ton, increasing by 17% against the previous year. Over the period under review, the export price, however, recorded a mild slump. Over the period under review, the average export prices hit record highs at $2,327 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,023 per ton), while the average price for exports to Iceland ($839 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 Lithuania (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Scouring Pastes and Powders in Latvia

In 2022, purchases abroad of scouring pastes and powders decreased by -42.1% to 521 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports reached the peak of 905 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scouring pastes and powders imports declined remarkably to $1.3M in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 22%.

Import of Scouring Pastes and Powders in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	1,238	1,588	1,822	977	-7.6%
Germany	50.1	63.5	92.1	78.8	16.3%
Lithuania	42.8	64.1	69.2	54.9	8.7%
Estonia	82.4	32.1	33.2	45.7	-17.8%
Others	47.4	35.9	111	97.0	27.0%
Total	1,460	1,783	2,127	1,253	-5.0%

Top Suppliers of Scouring Pastes and Powders to Latvia in 2022:

Poland (404.3 tons)
Lithuania (31.4 tons)
Germany (28.4 tons)
Estonia (24.2 tons)

Exports of Scouring Pastes and Powders in Latvia

In 2022, after three years of growth, there was significant decline in overseas shipments of scouring pastes and powders, when their volume decreased by -55.5% to 129 tons. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year.

In value terms, scouring pastes and powders exports declined significantly to $236K in 2022. Overall, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 83%. As a result, the exports reached the peak of $479K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Scouring Pastes and Powders in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	87.6	132	171	103	5.5%
Estonia	85.6	113	94.9	84.1	-0.6%
Poland	62.9	144	138	30.6	-21.4%
Iceland	6.3	2.4	2.7	6.5	1.0%
Moldova	N/A	N/A	2.6	2.9	11.5%
Others	19.0	87.4	43.4	8.9	-22.3%
Total	261	479	453	236	-3.3%

Top Export Markets for Scouring Pastes and Powders from Latvia in 2022:

Lithuania (50.7 tons)
Estonia (47.5 tons)
Poland (17.0 tons)
Iceland (7.8 tons)
Moldova (2.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for scouring pastes and powders in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414400 - Scouring pastes and powders and other scouring preparations

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023