Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia - 2023

Contents:

1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia (CIF) - 2022
2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia (FOB) - 2022
3. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia
4. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia (CIF) - 2022

In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $3,329 per ton, with a decrease of -39.2% against the previous year. Overall, the import price, however, posted a modest expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 91% against the previous year. As a result, import price reached the peak level of $5,479 per ton, and then declined significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +11.1% per year.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia (FOB) - 2022

The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $31,500 per ton in 2022, jumping by 929% against the previous year. In general, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($38,000 per ton), while the average price for exports to Spain stood at $25,000 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+239.7%).

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia

In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Latvia contracted rapidly to 70 kg, which is down by -97.7% compared with the previous year's figure. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 680% against the previous year. As a result, imports attained the peak of 3.1 tons, and then shrank markedly in the following year.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses declined significantly to $233 in 2022. Over the period under review, imports saw a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 1,389%. As a result, imports attained the peak of $17K, and then dropped remarkably in the following year.

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Latvia in 2022:

1. Germany (70.0 kg)

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Latvia

In 2022, shipments abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -99.9% to 2 kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 770% against the previous year. As a result, the exports reached the peak of 2.9 tons, and then shrank significantly in the following year.

In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses shrank significantly to $63 in 2022. Over the period under review, exports saw a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 709%. As a result, the exports attained the peak of $8.8K, and then fell sharply in the following year.

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Latvia in 2022:

1. Netherlands (1.0 kg)
2. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform