Price for Bromides; of Sodium or of Potassium in Latvia - 2023

Contents:

1. Price for Bromides; of Sodium or of Potassium in Latvia (CIF) - 2022
2. Price for Bromides; of Sodium or of Potassium in Latvia (FOB) - 2022
3. Imports of Bromides; of Sodium or of Potassium in Latvia
4. Exports of Bromides; of Sodium or of Potassium in Latvia

Price for Bromides; of Sodium or of Potassium in Latvia (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $5,182 per ton in 2022, with a decrease of -28.7% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 125% against the previous year. As a result, import price attained the peak level of $12,512 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,268 per ton), while the price for Sweden ($1,974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+48.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bromides; of Sodium or of Potassium in Latvia (FOB) - 2022

In 2022, the average export price for bromides; of sodium or of potassia amounted to $4,942 per ton, shrinking by -32.1% against the previous year. Over the period under review, the export price saw a sharp descent. The most prominent rate of growth was recorded in 2021 an increase of 25%. The export price peaked at $33,063 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($7,235 per ton), while the average price for exports to Russia ($3,101 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-9.8%), while the prices for the other major destinations experienced a decline.

Imports of Bromides; of Sodium or of Potassium in Latvia

Imports of bromides; of sodium or of potassia into Latvia soared to 16 tons in 2022, with an increase of 1,834% compared with the year before. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of bromides; of sodium or of potassia skyrocketed to $85K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Bromides; of Sodium or of Potassium to Latvia in 2022:

1. Belgium (14.7 tons)
2. Sweden (1.3 tons)
3. Germany (0.4 tons)

Exports of Bromides; of Sodium or of Potassium in Latvia

For the fourth consecutive year, Latvia recorded growth in overseas shipments of bromides; of sodium or of potassia, which increased by 38% to 1.9 tons in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 559%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of bromides; of sodium or of potassia declined to $9.5K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 726%. As a result, the exports reached the peak of $10K, and then contracted in the following year.

Top Export Markets for Bromides; of Sodium or of Potassium from Latvia in 2022:

1. Russia (861.0 kg)
2. Lithuania (771.0 kg)
3. Germany (272.0 kg)

Source: IndexBox Market Intelligence Platform