Latvia - Bentonite - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBentonite Price in Latvia - 2023
Contents:
- Bentonite Price in Latvia (CIF) - 2023
- Bentonite Price in Latvia (FOB) - 2022
- Bentonite Imports in Latvia
- Bentonite Exports in Latvia
Bentonite Price in Latvia (CIF) - 2023
The average bentonite import price stood at $343 per ton in August 2023, falling by -9.2% against the previous month. Overall, import price indicated temperate growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bentonite import price increased by +7.0% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 63% against the previous month. As a result, import price reached the peak level of $515 per ton. From February 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($7,062 per ton), while the price for the Czech Republic ($259 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bentonite Price in Latvia (FOB) - 2022
The average bentonite export price stood at $354 per ton in 2022, picking up by 7.4% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $422 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($798 per ton), while the average price for exports to Estonia ($318 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 Russia (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Bentonite Imports in Latvia
In 2022, bentonite imports into Latvia soared to 6.6K tons, jumping by 32% compared with the year before. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, bentonite imports soared to $1.7M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Bentonite in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 467 | 613 | 571 | 729 | 16.0% |
Netherlands | 14.1 | 143 | 248 | 302 | 177.7% |
Lithuania | 56.7 | 68.7 | 51.7 | 224 | 58.1% |
Germany | 207 | 229 | 164 | 174 | -5.6% |
Estonia | 116 | 187 | 121 | 112 | -1.2% |
Poland | 6.8 | 13.6 | 19.7 | 72.5 | 120.1% |
Turkey | 7.9 | N/A | 14.5 | 42.8 | 75.6% |
Denmark | 357 | 40.9 | 9.0 | 16.1 | -64.4% |
Belgium | 83.8 | 51.5 | 6.0 | 3.5 | -65.3% |
Others | 10.7 | 2.1 | 10.5 | 50.7 | 68.0% |
Total | 1,327 | 1,349 | 1,216 | 1,727 | 9.2% |
Top Suppliers of Bentonite to Latvia in 2022:
- Czech Republic (3492.1 tons)
- Netherlands (994.5 tons)
- Germany (861.4 tons)
- Lithuania (401.3 tons)
- Estonia (350.6 tons)
- Poland (179.6 tons)
- Turkey (142.0 tons)
- Belgium (6.8 tons)
- Denmark (3.4 tons)
Bentonite Exports in Latvia
In 2022, the amount of bentonite exported from Latvia soared to 962 tons, rising by 35% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bentonite exports soared to $340K in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Bentonite in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 91.8 | 120 | 90.2 | 173 | 23.5% |
Lithuania | 90.9 | 179 | 138 | 145 | 16.8% |
Russia | 112 | 0.3 | 2.5 | 21.7 | -42.1% |
Others | 0.1 | N/A | 4.4 | 0.4 | 58.7% |
Total | 294 | 299 | 235 | 340 | 5.0% |
Top Export Markets for Bentonite from Latvia in 2022:
- Estonia (544.3 tons)
- Lithuania (390.0 tons)
- Russia (27.2 tons)
This report provides an in-depth analysis of the bentonite 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 08122210 - Bentonite
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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