Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,251 per ton in 2022, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,026 per ton), while the price for China ($665 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $796 per ton in 2022, growing by 11% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 40%. As a result, the export price attained the peak level of $1,060 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +0.2% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; salts of formic acidses imported into Latvia soared to 1.4K tons, increasing by 39% on 2021. Over the period under review, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 158% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $1.8M in 2022. Overall, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 519 | 223 | 622 | 1,547 | 43.9% |
| Germany | 289 | 110 | 506 | 149 | -19.8% |
| China | 111 | N/A | 1.4 | 96.7 | -4.5% |
| Sweden | 161 | N/A | N/A | N/A | 0% |
| Others | 1,152 | 99.6 | 25.4 | 4.6 | -84.1% |
| Total | 2,231 | 432 | 1,155 | 1,798 | -6.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Latvia in 2022:
- Lithuania (1213.6 tons)
- China (145.6 tons)
- Germany (73.6 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia
Exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses from Latvia dropped significantly to 100 tons in 2022, which is down by -81.6% against the previous year's figure. Overall, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 71%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reduced notably to $79K in 2022. In general, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 124 | 9.0 | N/A | 78.7 | -14.1% |
| Estonia | 629 | 205 | 389 | N/A | -21.4% |
| Poland | 36.2 | N/A | N/A | N/A | 0% |
| Others | 826 | 0.4 | 0.4 | 0.8 | -90.1% |
| Total | 1,616 | 214 | 389 | 79.5 | -63.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Latvia in 2022:
- Lithuania (98.7 tons)
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