Latvia - Plant-Growth Regulators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlant-Growth Regulators Price in Latvia - 2023
Contents:
- Plant-Growth Regulators Price in Latvia (CIF) - 2023
- Plant-Growth Regulators Price in Latvia (FOB) - 2022
- Plant-Growth Regulators Imports in Latvia
- Plant-Growth Regulators Exports in Latvia
Plant-Growth Regulators Price in Latvia (CIF) - 2023
In September 2023, the average plant-growth regulators import price amounted to $7,405 per ton, declining by -57.6% against the previous month. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 113% m-o-m. The import price peaked at $33,881 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($22,040 per ton), while the price for Estonia ($4,112 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 Lithuania (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Plant-Growth Regulators Price in Latvia (FOB) - 2022
The average plant-growth regulators export price stood at $10,492 per ton in 2022, with a decrease of -6.7% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 110% against the previous year. The export price peaked at $18,131 per ton in 2012; however, from 2013 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 Romania ($55,648 per ton), while the average price for exports to Estonia ($5,642 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 Spain (+9.8%), while the prices for the other major destinations experienced a decline.
Plant-Growth Regulators Imports in Latvia
In 2022, the amount of plant-growth regulators imported into Latvia skyrocketed to 5.5K tons, rising by 72% on the year before. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plant-growth regulators imports surged to $62M in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Plant-Growth Regulators in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 8.7 | 8.9 | 10.7 | 23.6 | 39.5% |
Denmark | 14.2 | 14.6 | 17.8 | 11.9 | -5.7% |
Lithuania | 3.7 | 3.9 | 4.9 | 7.4 | 26.0% |
Belgium | 3.9 | 2.1 | 3.0 | 5.4 | 11.5% |
Ireland | 0.1 | 0.5 | 0.4 | 2.9 | 207.2% |
Slovenia | 0.3 | 0.4 | 0.8 | 2.3 | 97.2% |
Austria | 0.6 | 0.8 | 0.4 | 2.3 | 56.5% |
Spain | 0.1 | 0.3 | 0.2 | 1.8 | 162.1% |
Germany | 0.4 | 0.3 | 0.8 | 1.1 | 40.1% |
Others | 2.5 | 1.7 | 2.5 | 3.5 | 11.9% |
Total | 34.6 | 33.5 | 41.4 | 62.3 | 21.7% |
Top Suppliers of Plant-Growth Regulators to Latvia in 2022:
- Poland (1434.4 tons)
- Ireland (1083.9 tons)
- Denmark (565.7 tons)
- Belgium (529.7 tons)
- Lithuania (529.5 tons)
- Spain (414.7 tons)
- Austria (333.9 tons)
- Slovenia (274.1 tons)
- Germany (174.3 tons)
Plant-Growth Regulators Exports in Latvia
In 2022, approx. 247 tons of plant-growth regulators were exported from Latvia; rising by 37% compared with the year before. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, plant-growth regulators exports skyrocketed to $2.6M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 32%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
Export of Plant-Growth Regulators in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 395 | 580 | 498 | 1,507 | 56.3% |
Estonia | 537 | 612 | 561 | 464 | -4.8% |
Romania | 68.5 | N/A | 202 | 226 | 48.9% |
Spain | 196 | 46.7 | 180 | 208 | 2.0% |
Poland | 26.5 | 80.7 | 125 | 85.0 | 47.5% |
Sweden | 9.0 | 0.1 | 0.1 | 39.4 | 63.6% |
Bulgaria | 240 | 48.0 | 437 | N/A | 34.9% |
Others | 6.5 | 585 | 36.0 | 66.7 | 117.3% |
Total | 1,478 | 1,952 | 2,039 | 2,596 | 20.7% |
Top Export Markets for Plant-Growth Regulators from Latvia in 2022:
- Lithuania (144.8 tons)
- Estonia (82.3 tons)
- Poland (5.1 tons)
- Sweden (4.3 tons)
- Spain (4.3 tons)
- Romania (4.1 tons)
This report provides an in-depth analysis of the plant-growth regulators 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 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
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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