Latvia: Other Carbonates Market 2024

Other Carbonates Market Size in Latvia

The Latvian other carbonates market shrank to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Other carbonates consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Other Carbonates Production in Latvia

In value terms, other carbonates production shrank to $X in 2023 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Other carbonates production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Other Carbonates Exports

Exports from Latvia

In 2023, approx. X tons of other carbonates were exported from Latvia; which is down by X% against the year before. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, other carbonates exports shrank dramatically to $X in 2023. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Russia (X tons) and Finland (X tons) were the main destinations of other carbonates exports from Latvia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other carbonates exported from Latvia were Russia ($X), Finland ($X) and the Czech Republic ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest growth rate of 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

The average other carbonates export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the export price saw strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Carbonates Imports

Imports into Latvia

In 2023, after two years of growth, there was significant decline in supplies from abroad of other carbonates, when their volume decreased by X% to X tons. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, other carbonates imports contracted remarkably to $X in 2023. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Norway (X tons) and Poland (X tons) were the main suppliers of other carbonates imports to Latvia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other carbonates suppliers to Latvia were Taiwan (Chinese) ($X), Norway ($X) and Poland ($X), together accounting for X% of total imports.

Norway, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average other carbonates import price stood at $X per ton in 2023, which is down by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, other carbonates import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform