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Latvia - Biodiesel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBiodiesel Price in Latvia - 2023
Contents:
- Biodiesel Price in Latvia (FOB) - 2023
- Biodiesel Price in Latvia (CIF) - 2023
- Biodiesel Exports in Latvia
- Biodiesel Imports in Latvia
Biodiesel Price in Latvia (FOB) - 2023
In September 2023, the average biodiesel export price amounted to $1,814 per ton, with an increase of 27% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Finland ($2,421 per ton), while the average price for exports to Lithuania totaled $1,566 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Biodiesel Price in Latvia (CIF) - 2023
The average biodiesel import price stood at $1,444 per ton in September 2023, growing by 2.4% against the previous month. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in July 2023 an increase of 17% against the previous month. The import price peaked at $2,363 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($1,473 per ton), while the price for the Netherlands totaled $1,414 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lithuania (-3.9%).
Biodiesel Exports in Latvia
In 2022, approx. 134K tons of biodiesel were exported from Latvia; rising by 42% on the previous year's figure. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, biodiesel exports soared to $263M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 122%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Biodiesel in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 11.1 | 7.2 | 46.1 | 90.7 | 101.4% |
Estonia | 0.2 | 4.8 | 36.7 | 55.5 | 552.3% |
Lithuania | 21.4 | 19.0 | 30.4 | 35.6 | 18.5% |
Belgium | N/A | N/A | 29.0 | 31.7 | 9.3% |
Finland | 0.5 | 21.2 | 3.8 | 18.1 | 230.8% |
Italy | N/A | N/A | N/A | 18.0 | 0% |
Denmark | 1.9 | 7.6 | 6.4 | 5.6 | 43.4% |
Sweden | 39.6 | 14.8 | 13.2 | 2.7 | -59.1% |
Others | N/A | N/A | N/A | 5.0 | 0% |
Total | 74.8 | 74.5 | 166 | 263 | 52.1% |
Top Export Markets for Biodiesel from Latvia in 2022:
- Netherlands (51.2K tons)
- Estonia (26.7K tons)
- Lithuania (19.4K tons)
- Belgium (13.8K tons)
- Finland (8.7K tons)
- Italy (7.6K tons)
- Denmark (2.9K tons)
- Sweden (1.4K tons)
Biodiesel Imports in Latvia
In 2022, the amount of biodiesel imported into Latvia skyrocketed to 63K tons, jumping by 39% against the previous year. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,031% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, biodiesel imports surged to $135M in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,444% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Biodiesel in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 8.5 | 3.5 | 55.5 | 102 | 128.9% |
Netherlands | N/A | N/A | N/A | 32.4 | 0% |
Sweden | N/A | N/A | 18.2 | N/A | 0% |
Others | N/A | 1.3 | N/A | N/A | 0% |
Total | 8.5 | 4.8 | 73.7 | 135 | 151.4% |
Top Suppliers of Biodiesel to Latvia in 2022:
- Lithuania (47.5K tons)
- Netherlands (15.7K tons)
This report provides an in-depth analysis of the biodiesel 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 20595997 - Biofuels (diesel substitute)
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
This report provides an in-depth analysis of the biodiesel market in Latvia.
This report provides an in-depth analysis of the global biodiesel market.
This report provides an in-depth analysis of the biodiesel market in Latvia.
This report provides an in-depth analysis of the global biodiesel market.
Explore the top import markets for biodiesel globally and understand the key statistics and trends. Discover the countries leading the biodiesel import market and their import values as per the IndexBox market intelligence platform.
Discover the top import markets for biodiesel and how these countries are driving the growth of the industry. Learn why the Netherlands, Belgium, France, Germany, and Spain are leading the way in biodiesel imports.
This year, Belgium is overtaking Germany to emerge as the second-largest biodiesel exporter in the world. From January to July 2021, Belgium supplied biodiesel worth $2.1B abroad, while Germany’s exports were estimated at $1.8B. The Netherlands keeps the leading position with a biodiesel export value of $4.2B. In 2020, Germany ($2.3B) followed the Netherlands ($4.6B) in global export ranking, while Belgium ($1.5B) took third place. The average biodiesel export price grew by +11% y-o-y to $979 per ton in 2020.
Neither the pandemic nor the low oil prices succeeded in slowing the growth of the global biodiesel market. As economies worldwide start to recover from the Covid crisis, and environmental concerns increase, the demand is set to remain robust in 2021.
Explore the top import markets for biodiesel globally and understand the key statistics and trends. Discover the countries leading the biodiesel import market and their import values as per the IndexBox market intelligence platform.
Discover the top import markets for biodiesel and how these countries are driving the growth of the industry. Learn why the Netherlands, Belgium, France, Germany, and Spain are leading the way in biodiesel imports.
This year, Belgium is overtaking Germany to emerge as the second-largest biodiesel exporter in the world. From January to July 2021, Belgium supplied biodiesel worth $2.1B abroad, while Germany’s exports were estimated at $1.8B. The Netherlands keeps the leading position with a biodiesel export value of $4.2B. In 2020, Germany ($2.3B) followed the Netherlands ($4.6B) in global export ranking, while Belgium ($1.5B) took third place. The average biodiesel export price grew by +11% y-o-y to $979 per ton in 2020.
Neither the pandemic nor the low oil prices succeeded in slowing the growth of the global biodiesel market. As economies worldwide start to recover from the Covid crisis, and environmental concerns increase, the demand is set to remain robust in 2021.