Report Update: May 4, 2024

Latvia - Sulphates (Excluding Those Of Aluminium And Barium) - Market Analysis, Forecast, Size, Trends And Insights

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Sulphates Price in Latvia - 2023

Sulphates Price in Latvia (CIF) - 2022

The average sulphates import price stood at $495 per ton in 2022, increasing by 18% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates import price increased by +78.1% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 51%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($1,188 per ton), while the price for Finland ($196 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates Price in Latvia (FOB) - 2022

In 2022, the average sulphates export price amounted to $912 per ton, with an increase of 50% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($6,670 per ton), while the average price for exports to Lithuania ($376 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 Sweden (+62.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates Imports in Latvia

In 2022, supplies from abroad of sulphates (excluding those of aluminium and barium) decreased by -15.3% to 7.5K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphates imports shrank slightly to $3.7M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports attained the peak of $3.7M, leveling off in the following year.

Import of Sulphates in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	665	570	670	1,418	28.7%
Lithuania	413	450	848	628	15.0%
Finland	663	781	705	468	-11.0%
Poland	68.5	356	424	436	85.3%
Estonia	248	35.0	150	344	11.5%
Denmark	369	135	244	159	-24.5%
Norway	747	126	159	91.5	-50.3%
France	219	39.0	8.4	10.5	-63.7%
China	54.9	465	153	N/A	66.9%
Others	245	377	375	170	-11.5%
Total	3,693	3,334	3,736	3,725	0.3%

Top Suppliers of Sulphates to Latvia in 2022:

Finland (2385.5 tons)
Estonia (1758.4 tons)
Germany (1264.7 tons)
Poland (962.1 tons)
Lithuania (528.1 tons)
Norway (323.9 tons)
Denmark (168.0 tons)
France (48.0 tons)

Sulphates Exports in Latvia

In 2022, the amount of sulphates (excluding those of aluminium and barium) exported from Latvia skyrocketed to 219 tons, growing by 52% compared with the year before. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 410%. As a result, the exports reached the peak of 444 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphates exports surged to $200K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 388% against the previous year. As a result, the exports reached the peak of $227K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Sulphates in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	27.8	53.2	49.7	123	64.2%
Finland	11.4	13.1	14.4	29.2	36.8%
Russia	1.5	87.1	0.9	23.7	150.9%
Lithuania	4.1	64.7	6.0	15.4	55.4%
Belarus	N/A	N/A	N/A	3.2	0%
Sweden	N/A	4.6	10.0	N/A	117.4%
Others	1.5	4.3	6.6	5.4	53.3%
Total	46.5	227	87.6	200	62.6%

Top Export Markets for Sulphates from Latvia in 2022:

Estonia (130.3 tons)
Lithuania (41.0 tons)
Finland (37.8 tons)
Belarus (4.6 tons)
Russia (3.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sulphates market 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 20134157 - Sulphates (excluding those of aluminium and barium)

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