Latvia - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOdoriferous Substance Mixture Price in Latvia - 2023
Contents:
- Odoriferous Substance Mixture Price in Latvia (FOB) - 2023
- Odoriferous Substance Mixture Price in Latvia (CIF) - 2023
- Odoriferous Substance Mixture Exports in Latvia
- Odoriferous Substance Mixture Imports in Latvia
Odoriferous Substance Mixture Price in Latvia (FOB) - 2023
The average odoriferous substance mixture export price stood at $13,117 per ton in September 2023, waning by -25.2% against the previous month. Overall, export price indicated slight growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, odoriferous substance mixture export price decreased by -37.9% against July 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 52% m-o-m. Over the period under review, the average export prices reached the peak figure at $21,128 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($18,748 per ton), while the average price for exports to Kyrgyzstan ($5,534 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Odoriferous Substance Mixture Price in Latvia (CIF) - 2023
In September 2023, the average odoriferous substance mixture import price amounted to $16,646 per ton, dropping by -14.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 62% against the previous month. The import price peaked at $28,415 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($28,322 per ton), while the price for Sweden ($4,892 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 Hungary (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Odoriferous Substance Mixture Exports in Latvia
In 2022, overseas shipments of mixtures of odoriferous substances and their preparations decreased by -1% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 82% against the previous year.
In value terms, odoriferous substance mixture exports dropped notably to $31M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 125% against the previous year.
Export of Odoriferous Substance Mixture in Latvia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 3.6 | 5.4 | 5.9 | 7.8 | 29.4% |
Germany | 0.4 | 0.4 | 1.4 | 6.0 | 146.6% |
Estonia | 0.3 | 1.0 | 8.1 | 4.1 | 139.1% |
Uzbekistan | 0.9 | 1.5 | 1.6 | 1.9 | 28.3% |
Lithuania | 0.7 | 5.8 | 13.8 | 1.5 | 28.9% |
Belarus | 0.5 | 1.3 | 0.9 | 0.8 | 17.0% |
Kazakhstan | 0.2 | 0.5 | 0.3 | 0.5 | 35.7% |
Kyrgyzstan | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
Others | 1.4 | 2.0 | 6.4 | 7.9 | 78.0% |
Total | 8.1 | 18.1 | 38.7 | 31.0 | 56.4% |
Top Export Markets for Odoriferous Substance Mixture from Latvia in 2022:
- Russia (654.4 tons)
- Uzbekistan (179.2 tons)
- Estonia (127.2 tons)
- Kyrgyzstan (92.5 tons)
- Belarus (65.3 tons)
- Germany (58.9 tons)
- Kazakhstan (40.3 tons)
- Lithuania (35.2 tons)
Odoriferous Substance Mixture Imports in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by -6% to 1.1K tons. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of 1.1K tons, and then declined in the following year.
In value terms, odoriferous substance mixture imports fell markedly to $15M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23%.
Import of Odoriferous Substance Mixture in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 3.6 | 4.0 | 4.8 | 4.7 | 9.3% |
Germany | 3.7 | 3.2 | 4.1 | 3.4 | -2.8% |
Lithuania | 0.9 | 2.0 | 2.3 | 1.8 | 26.0% |
France | 1.0 | 1.9 | 2.4 | 1.6 | 17.0% |
Netherlands | 1.1 | 0.9 | 1.2 | 0.9 | -6.5% |
Poland | 0.3 | 0.6 | 0.7 | 0.4 | 10.1% |
Hungary | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
United Kingdom | 0.3 | 0.6 | 0.3 | 0.3 | 0.0% |
Sweden | N/A | 0.2 | 0.5 | 0.3 | 22.5% |
Spain | 0.2 | 0.4 | 0.2 | 0.3 | 14.5% |
Belgium | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
Finland | 0.2 | 0.1 | N/A | N/A | -50.0% |
Others | 0.7 | 0.8 | 1.0 | 0.8 | 4.6% |
Total | 12.5 | 15.4 | 18.3 | 15.1 | 6.5% |
Top Suppliers of Odoriferous Substance Mixture to Latvia in 2022:
- Germany (378.9 tons)
- Lithuania (129.7 tons)
- France (109.2 tons)
- Ireland (95.5 tons)
- Hungary (73.3 tons)
- Netherlands (65.0 tons)
- Poland (56.2 tons)
- Sweden (48.5 tons)
- Spain (31.8 tons)
- Belgium (21.5 tons)
- United Kingdom (9.8 tons)
- Finland (1.0 tons)
This report provides an in-depth analysis of the odoriferous substance mixture 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 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
- Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)
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
This report provides an in-depth analysis of the odoriferous substance mixture market in Latvia.
This report provides an in-depth analysis of the global odoriferous substance mixture market.
This report provides an in-depth analysis of the odoriferous substance mixture market in Latvia.
This report provides an in-depth analysis of the global odoriferous substance mixture market.
Discover the top 10 countries leading in the import of odoriferous substance mixtures, including the United States, France, and Mexico.
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
Ireland continued its dominance in the global mixture of odoriferous substance trade. In 2014, Ireland exported X thousand tons of mixtures of odoriferous substances totaling X million USD, X% over the previous year. Its primary trading partne
Discover the top 10 countries leading in the import of odoriferous substance mixtures, including the United States, France, and Mexico.
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
In 2016, the amount of odoriferous substance mixture imported worldwide amounted to X tons, ascending by X% against the previous year figure. Overall, it indicated a prominent increase from 2007...
Ireland continued its dominance in the global mixture of odoriferous substance trade. In 2014, Ireland exported X thousand tons of mixtures of odoriferous substances totaling X million USD, X% over the previous year. Its primary trading partne