Price for Ethylene Polymers; Waste, Parings and Scrap in Latvia - 2023

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Latvia (CIF) - 2023
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Latvia (FOB) - 2023
3. Imports of Ethylene Polymers; Waste, Parings and Scrap in Latvia
4. Exports of Ethylene Polymers; Waste, Parings and Scrap in Latvia

Price for Ethylene Polymers; Waste, Parings and Scrap in Latvia (CIF) - 2023

The average import price for ethylene polymers; waste, parings and scraps stood at $246 per ton in November 2023, waning by -6.4% against the previous month. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in August 2023 an increase of 30% against the previous month. The import price peaked at $541 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($457 per ton), while the price for Lithuania ($129 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Norway (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ethylene Polymers; Waste, Parings and Scrap in Latvia (FOB) - 2023

In November 2023, the average export price for ethylene polymers; waste, parings and scraps amounted to $322 per ton, dropping by -5.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average export price increased by 34% month-to-month. Over the period under review, the average export prices hit record highs at $438 per ton in June 2023; however, from July 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($381 per ton), while the average price for exports to Ukraine ($136 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ethylene Polymers; Waste, Parings and Scrap in Latvia

In 2022, after three years of growth, there was significant decline in overseas purchases of ethylene polymers; waste, parings and scraps, when their volume decreased by -11.7% to 16K tons. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 143% against the previous year. As a result, imports attained the peak of 18K tons, and then reduced in the following year.

In value terms, imports of ethylene polymers; waste, parings and scraps declined to $8.5M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 263%. As a result, imports attained the peak of $8.9M, and then fell modestly in the following year.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Latvia in 2022:

1. Lithuania (4.3K tons)
2. Estonia (3.2K tons)
3. Finland (2.2K tons)
4. Dominican Republic (2.1K tons)
5. Sweden (1.6K tons)
6. United States (0.8K tons)
7. Germany (0.8K tons)
8. Poland (0.3K tons)

Exports of Ethylene Polymers; Waste, Parings and Scrap in Latvia

In 2022, shipments abroad of ethylene polymers; waste, parings and scraps decreased by -5% to 10K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +54.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year.

In value terms, exports of ethylene polymers; waste, parings and scraps soared to $3.7M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 38% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Latvia in 2022:

1. Lithuania (5.9K tons)
2. Poland (1.8K tons)
3. Estonia (1.0K tons)
4. Ukraine (0.9K tons)
5. Germany (0.4K tons)

Source: IndexBox Market Intelligence Platform