Unsaturated Acyclic Hydrocarbons Price in Latvia - 2023
Contents:
- Unsaturated Acyclic Hydrocarbons Price in Latvia (CIF) - 2022
- Unsaturated Acyclic Hydrocarbons Price in Latvia (FOB) - 2022
- Unsaturated Acyclic Hydrocarbons Imports in Latvia
- Unsaturated Acyclic Hydrocarbons Exports in Latvia
Unsaturated Acyclic Hydrocarbons Price in Latvia (CIF) - 2022
The average unsaturated acyclic hydrocarbons import price stood at $4,898 per ton in 2022, leveling off at the previous year. In general, the import price recorded a mild descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 34% against the previous year. The import price peaked at $5,508 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($7,066 per ton), while the price for Hungary ($4,517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Unsaturated Acyclic Hydrocarbons Price in Latvia (FOB) - 2022
In 2022, the average unsaturated acyclic hydrocarbons export price amounted to $6,142 per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,667 per ton), while the average price for exports to Lithuania ($5,996 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 Estonia (+1.5%).
Unsaturated Acyclic Hydrocarbons Imports in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of unsaturated acyclic hydrocarbons, which increased by 8.1% to 78 tons in 2022. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, unsaturated acyclic hydrocarbons imports rose remarkably to $381K in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Unsaturated Acyclic Hydrocarbons in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 234 | 218 | 223 | 205 | -4.3% |
| Hungary | 47.8 | 15.7 | 5.0 | 101 | 28.3% |
| Lithuania | 2.5 | 67.2 | 110 | 69.7 | 203.2% |
| Others | 14.8 | 16.9 | 16.0 | 5.2 | -29.4% |
| Total | 299 | 317 | 354 | 381 | 8.4% |
Top Suppliers of Unsaturated Acyclic Hydrocarbons to Latvia in 2022:
- Finland (45.0 tons)
- Hungary (22.4 tons)
- Lithuania (10.2 tons)
Unsaturated Acyclic Hydrocarbons Exports in Latvia
Unsaturated acyclic hydrocarbons exports from Latvia expanded sharply to 41 tons in 2022, picking up by 11% against the previous year's figure. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, unsaturated acyclic hydrocarbons exports surged to $250K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Unsaturated Acyclic Hydrocarbons in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 105 | 118 | 145 | 152 | 13.1% |
| Lithuania | 59.9 | 56.8 | 47.2 | 87.9 | 13.6% |
| United States | N/A | N/A | N/A | 6.7 | 0% |
| Others | 1.2 | 2.4 | 5.8 | 3.8 | 46.8% |
| Total | 167 | 177 | 198 | 250 | 14.4% |
Top Export Markets for Unsaturated Acyclic Hydrocarbons from Latvia in 2022:
- Estonia (24.9 tons)
- Lithuania (14.7 tons)
- United States (0.9 tons)
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