Latvia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Latvia

In 2022, the Latvian polyvinyl chloride market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polyvinyl Chloride Exports

Exports from Latvia

In 2022, polyvinyl chloride exports from Latvia reduced dramatically to X tons, falling by X% on 2021 figures. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports reduced dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for polyvinyl chloride exports from Latvia, accounting for a X% share of total exports. Moreover, polyvinyl chloride exports to Colombia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for polyvinyl chloride exported from Latvia were Germany ($X), Colombia ($X) and Poland ($X), together comprising X% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw 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 polyvinyl chloride export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Colombia ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Polyvinyl Chloride Imports

Imports into Latvia

In 2022, purchases abroad of polyvinyl chloride increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polyvinyl chloride imports surged to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of polyvinyl chloride to Latvia, with a X% share of total imports. Moreover, polyvinyl chloride imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, Poland ($X) constituted the largest supplier of polyvinyl chloride to Latvia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

The average polyvinyl chloride import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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

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

Source: IndexBox Platform

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