Latvia: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Latvia

In 2022, the Latvian halogenated hydrocarbon derivative market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Halogenated hydrocarbon derivative consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Halogenated Hydrocarbon Derivative Exports

Exports from Latvia

In 2022, overseas shipments of halogenated derivatives of hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for halogenated hydrocarbon derivative exports from Latvia, accounting for a X% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Estonia exceeded the volume sent to the second major destination, Poland (X tons), twofold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Latvia were Italy ($X), Estonia ($X) and Poland ($X), together comprising X% of total exports. Lithuania, Germany, Russia and Sweden lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Italy ($X per ton), while the average price for exports to Lithuania ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Latvia

In 2022, overseas purchases of halogenated derivatives of hydrocarbons increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative imports shrank to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Russia (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Latvia, together accounting for X% of total imports. China, Germany, France, Lithuania, Finland, Estonia, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and the Czech Republic ($X) were the largest halogenated hydrocarbon derivative suppliers to Latvia, together comprising X% of total imports. France, Lithuania, Russia, Germany, Finland, the Netherlands, Estonia and Belgium lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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