Sodium Triphosphate Price in Latvia - 2023
Contents:
- Sodium Triphosphate Price in Latvia (CIF) - 2023
- Sodium Triphosphate Price in Latvia (FOB) - 2022
- Sodium Triphosphate Imports in Latvia
- Sodium Triphosphate Exports in Latvia
Sodium Triphosphate Price in Latvia (CIF) - 2023
The average sodium triphosphate import price stood at $1,396 per ton in September 2023, increasing by 12% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 20% against the previous month. Over the period under review, average import prices reached the maximum at $1,620 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($2,270 per ton), while the price for Kazakhstan amounted to $1,287 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+14.7%), while the prices for the other major suppliers experienced a decline.
Sodium Triphosphate Price in Latvia (FOB) - 2022
In 2022, the average sodium triphosphate export price amounted to $1,879 per ton, rising by 52% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium triphosphate export price increased by +66.2% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Kazakhstan ($2,521 per ton) and Finland ($2,129 per ton), while the average price for exports to Hungary ($1,734 per ton) and Spain ($1,760 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+61.3%), while the prices for the other major destinations experienced more modest paces of growth.
Sodium Triphosphate Imports in Latvia
Sodium triphosphate imports into Latvia skyrocketed to 2.8K tons in 2022, picking up by 331% compared with the previous year's figure. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 436% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, sodium triphosphate imports surged to $3.5M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sodium Triphosphate in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 212 | 1,773 | 736.3% |
| Kazakhstan | 122 | N/A | 198 | 1,028 | 103.5% |
| Belgium | 90.1 | 156 | 215 | 401 | 64.5% |
| Lithuania | 7.0 | 0.7 | 0.8 | 194 | 202.6% |
| China | N/A | N/A | 21.9 | 55.2 | 152.1% |
| Others | 2.1 | N/A | 1.9 | 9.3 | 64.2% |
| Total | 221 | 156 | 650 | 3,460 | 150.2% |
Top Suppliers of Sodium Triphosphate to Latvia in 2022:
- Russia (1482.9 tons)
- Kazakhstan (876.1 tons)
- Lithuania (201.0 tons)
- Belgium (191.5 tons)
- China (49.2 tons)
Sodium Triphosphate Exports in Latvia
Sodium triphosphate exports from Latvia surged to 732 tons in 2022, jumping by 79% against 2021 figures. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 478% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, sodium triphosphate exports soared to $1.4M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 400% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Sodium Triphosphate in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 148 | 461 | 211.5% |
| Hungary | N/A | N/A | 53.3 | 335 | 528.5% |
| Spain | 24.2 | N/A | 141 | 222 | 109.3% |
| Poland | N/A | N/A | N/A | 119 | 0% |
| Kazakhstan | N/A | N/A | 57.2 | 118 | 106.3% |
| Czech Republic | N/A | N/A | N/A | 45.4 | 0% |
| Finland | N/A | N/A | 1.0 | 26.7 | 2570.0% |
| Uzbekistan | 26.6 | 93.7 | 58.3 | N/A | 48.0% |
| Italy | 68.3 | N/A | 41.8 | N/A | -21.8% |
| Others | 7.3 | 7.2 | 4.4 | 47.9 | 87.2% |
| Total | 126 | 101 | 504 | 1,375 | 121.8% |
Top Export Markets for Sodium Triphosphate from Latvia in 2022:
- Germany (240.2 tons)
- Hungary (193.0 tons)
- Spain (126.0 tons)
- Poland (67.0 tons)
- Kazakhstan (47.0 tons)
- Czech Republic (23.9 tons)
- Finland (12.6 tons)
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