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Latvia - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Latvia - 2023
Contents:
- Linseed Oil Price in Latvia (CIF) - 2022
- Linseed Oil Price in Latvia (FOB) - 2022
- Linseed Oil Imports in Latvia
- Linseed Oil Exports in Latvia
Linseed Oil Price in Latvia (CIF) - 2022
The average linseed oil import price stood at $3,113 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 106%. Over the period under review, average import prices attained the peak figure at $3,118 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,700 per ton), while the price for Ukraine ($1,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Linseed Oil Price in Latvia (FOB) - 2022
In 2022, the average linseed oil export price amounted to $2,637 per ton, with a decrease of -15.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 84% against the previous year. The export price peaked at $3,120 per ton in 2021, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($4,806 per ton), while the average price for exports to Estonia ($2,141 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 the Czech Republic (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Imports in Latvia
In 2022, linseed oil imports into Latvia reduced to 83 tons, dropping by -14.8% compared with the year before. In general, imports recorded a deep downturn. The smallest decline of -6.9% was in 2021.
In value terms, linseed oil imports contracted to $259K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $304K, and then contracted in the following year.
Import of Linseed Oil in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | 43.8 | 24.9 | 89.4 | 42.9% |
Lithuania | 7.6 | 7.2 | 2.8 | 63.7 | 103.1% |
Germany | 42.2 | 42.0 | 55.2 | 50.5 | 6.2% |
Italy | 107 | 55.4 | 61.4 | 24.8 | -38.6% |
Russia | 14.7 | 12.2 | 15.7 | 8.8 | -15.7% |
France | N/A | 3.3 | N/A | 8.6 | 61.4% |
Ukraine | 22.5 | 66.5 | 86.0 | 5.7 | -36.7% |
Estonia | 26.7 | 1.4 | 42.0 | 0.3 | -77.6% |
Belgium | 20.0 | N/A | N/A | N/A | 0% |
Others | 13.9 | 16.6 | 16.1 | 7.1 | -20.1% |
Total | 255 | 249 | 304 | 259 | 0.5% |
Top Suppliers of Linseed Oil to Latvia in 2022:
- Estonia (undefined tons)
- Netherlands (38.2 tons)
- Lithuania (25.2 tons)
- Germany (6.6 tons)
- Italy (3.9 tons)
- Ukraine (3.2 tons)
- Russia (2.7 tons)
- France (1.9 tons)
Linseed Oil Exports in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of linseed oil, which increased by 26% to 85 tons in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, linseed oil exports expanded markedly to $224K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
Export of Linseed Oil in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 35.8 | 54.3 | 62.6 | 150 | 61.2% |
Lithuania | 50.2 | 31.2 | 90.8 | 41.5 | -6.1% |
Ukraine | 12.3 | 44.8 | 47.4 | 22.1 | 21.6% |
Russia | 11.4 | 10.2 | 8.1 | 8.9 | -7.9% |
Others | 3.9 | 1.0 | 0.9 | 1.5 | -27.3% |
Total | 114 | 142 | 210 | 224 | 25.3% |
Top Export Markets for Linseed Oil from Latvia in 2022:
- Estonia (70.0 tons)
- Lithuania (8.6 tons)
- Ukraine (5.2 tons)
- Russia (0.8 tons)
This report provides an in-depth analysis of the linseed oil 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:
- FCL 334 - Oil of Linseed
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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