Salicylic Acid Price in Latvia - 2023
Contents:
- Salicylic Acid Price in Latvia (CIF) - 2022
- Salicylic Acid Price in Latvia (FOB) - 2022
- Salicylic Acid Imports in Latvia
- Salicylic Acid Exports in Latvia
Salicylic Acid Price in Latvia (CIF) - 2022
The average salicylic acid import price stood at $4,098 per ton in 2022, waning by -20.6% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum at $26,699 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Germany ($16,250 per ton), while the price for China stood at $4,071 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Salicylic Acid Price in Latvia (FOB) - 2022
In 2022, the average salicylic acid export price amounted to $43,167 per ton, with a decrease of -53.6% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 62%. As a result, the export price reached the peak level of $93,095 per ton, and then dropped remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +185.9% per year.
Salicylic Acid Imports in Latvia
In 2022, overseas purchases of salicylic acid and its salts decreased by -61.2% to 1.8 tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 28,110% against the previous year. As a result, imports attained the peak of 5.9 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, salicylic acid imports contracted sharply to $7.4K in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 9,820% against the previous year. As a result, imports attained the peak of $51K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Salicylic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 4.3 | 13.9 | 7.3 | 30.3% |
| Germany | 0.5 | 21.3 | 7.5 | 0.1 | -41.5% |
| United Kingdom | N/A | 24.9 | N/A | N/A | 0% |
| Poland | N/A | 0.3 | 2.2 | N/A | 633.3% |
| Others | N/A | 0.1 | 0.4 | N/A | 300.0% |
| Total | 0.5 | 51.0 | 24.0 | 7.4 | 145.5% |
Top Suppliers of Salicylic Acid to Latvia in 2022:
- China (1800.0 kg)
- Germany (4.0 kg)
Salicylic Acid Exports in Latvia
In 2022, shipments abroad of salicylic acid and its salts decreased by -90.5% to 6 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 6,738% against the previous year. As a result, the exports reached the peak of 547 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, salicylic acid exports dropped sharply to $259 in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 8,174%. As a result, the exports attained the peak of $31K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Salicylic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 15.2 | 3.0 | 0.3 | -86.0% |
| Lithuania | N/A | 5.2 | 2.9 | N/A | -44.2% |
| Denmark | 0.3 | 11.0 | N/A | N/A | 3566.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | 31.4 | 5.9 | 0.3 | -9.1% |
Top Export Markets for Salicylic Acid from Latvia in 2022:
- Netherlands (6.0 kg)
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