Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,338 per ton, rising by 78% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; formic acids increased by +135.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,605 per ton), while the price for Lithuania ($1,162 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,657 per ton, growing by 36% against the previous year. Overall, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,669 per ton), while the average price for exports to Poland stood at $800 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.3%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia
In 2022, purchases abroad of acids; saturated acyclic monocarboxylic acids; formic acids was finally on the rise to reach 155 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp setback.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $208K in 2022. Over the period under review, imports, however, continue to indicate a deep contraction.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 18.4 | N/A | 22.2 | 105 | 78.7% |
| Hungary | N/A | N/A | N/A | 35.8 | 0% |
| China | 40.4 | 33.2 | 18.2 | 30.0 | -9.4% |
| Poland | 23.9 | 9.8 | 13.6 | 18.9 | -7.5% |
| Germany | 0.3 | 0.5 | 1.8 | 10.9 | 231.2% |
| Netherlands | N/A | N/A | N/A | 6.2 | 0% |
| Finland | 48.6 | 15.3 | 0.1 | 0.2 | -84.0% |
| Sweden | N/A | 11.4 | N/A | N/A | 0% |
| Denmark | N/A | N/A | 6.4 | N/A | 0% |
| Others | 137 | 10.9 | 0.8 | 0.5 | -84.6% |
| Total | 269 | 81.1 | 63.0 | 208 | -8.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Latvia in 2022:
- Lithuania (90.7 tons)
- China (23.9 tons)
- Hungary (20.4 tons)
- Poland (12.0 tons)
- Netherlands (5.0 tons)
- Germany (3.0 tons)
- Finland (0.1 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia
In 2022, approx. 26 tons of acids; saturated acyclic monocarboxylic acids; formic acids were exported from Latvia; growing by 454% compared with the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $43K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.4 | 0.5 | 0.2 | 42.4 | 373.3% |
| Poland | N/A | N/A | 5.4 | 0.1 | -98.1% |
| Lithuania | 0.2 | 1.4 | N/A | N/A | 600.0% |
| Estonia | 2.3 | N/A | N/A | N/A | 0% |
| Others | 2.9 | N/A | N/A | 0.2 | -59.0% |
| Total | 5.8 | 1.9 | 5.7 | 42.6 | 94.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Latvia in 2022:
- Russia (25.4 tons)
- Poland (0.1 tons)
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