Latvia - Caustic Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaustic Soda Price in Latvia - 2023
Contents:
- Caustic Soda Price in Latvia (CIF) - 2023
- Caustic Soda Price in Latvia (FOB) - 2023
- Caustic Soda Imports in Latvia
- Caustic Soda Exports in Latvia
Caustic Soda Price in Latvia (CIF) - 2023
In September 2023, the average caustic soda import price amounted to $282 per ton, with an increase of 13% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in January 2023 an increase of 20% m-o-m. As a result, import price reached the peak level of $578 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($414 per ton), while the price for Russia ($237 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (-3.2%), while the prices for the other major suppliers experienced a decline.
Caustic Soda Price in Latvia (FOB) - 2023
In September 2023, the average caustic soda export price amounted to $512 per ton, increasing by 85% against the previous month. Overall, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 97% against the previous month. The export price peaked at $824 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Estonia ($1,701 per ton), while the average price for exports to Lithuania stood at $511 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.4%).
Caustic Soda Imports in Latvia
In 2022, imports of caustic soda into Latvia soared to 19K tons, with an increase of 78% on 2021. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, caustic soda imports surged to $6.2M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Caustic Soda in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 1,957 | 1,559 | 1,545 | 2,876 | 13.7% |
Lithuania | 900 | 647 | 593 | 1,837 | 26.8% |
Estonia | 66.3 | 21.1 | 27.0 | 954 | 143.2% |
Belgium | 87.5 | 88.8 | 27.4 | 177 | 26.5% |
Others | 342 | 336 | 306 | 375 | 3.1% |
Total | 3,353 | 2,652 | 2,499 | 6,219 | 22.9% |
Top Suppliers of Caustic Soda to Latvia in 2022:
- Russia (8.7K tons)
- Lithuania (6.4K tons)
- Estonia (3.0K tons)
- Belgium (0.4K tons)
Caustic Soda Exports in Latvia
After two years of decline, shipments abroad of caustic soda increased by 1,582% to 1.5K tons in 2022. Over the period under review, exports saw a measured expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, caustic soda exports surged to $780K in 2022. In general, exports continue to indicate a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Caustic Soda in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 144 | 97.7 | 20.6 | 384 | 38.7% |
Estonia | 366 | 139 | 16.2 | 325 | -3.9% |
Poland | 75.0 | 56.3 | N/A | 45.9 | -15.1% |
Hungary | 57.3 | 0.1 | N/A | 1.2 | -72.4% |
Slovakia | 19.6 | 53.0 | N/A | N/A | 170.4% |
Austria | 38.3 | 17.5 | N/A | N/A | -54.3% |
Others | 11.8 | 2.4 | 1.1 | 23.6 | 26.0% |
Total | 712 | 366 | 37.9 | 780 | 3.1% |
Top Export Markets for Caustic Soda from Latvia in 2022:
- Estonia (707.7 tons)
- Lithuania (691.0 tons)
- Poland (47.7 tons)
- Hungary (1.5 tons)
This report provides an in-depth analysis of the caustic soda 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 20132525 - Sodium hydroxide (caustic soda), solid
- Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)
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
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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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