Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia - 2023
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (CIF) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (FOB) - 2022
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $11,575 per ton in 2022, growing by 98% against the previous year. Overall, the import price continues to indicate a strong increase. As a result, import price reached 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 ($58,256 per ton), while the price for France ($8,118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $12,474 per ton in 2022, which is down by -37.7% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices attained the maximum at $56,889 per ton in 2014; however, from 2015 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 Germany ($74,356 per ton), while the average price for exports to Uzbekistan ($8,537 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+87.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia
In 2022, supplies from abroad of lac; natural gums, resins, gum-resins and balsamses decreased by -1.3% to 8 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 164% against the previous year. As a result, imports attained the peak of 8.1 tons, and then fell in the following year.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $92K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 150% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.9 | 5.8 | 27.0 | 50.2 | 197.8% |
| Germany | 0.1 | 1.6 | N/A | 23.4 | 516.2% |
| Lithuania | 4.1 | 5.7 | 9.1 | 10.9 | 38.5% |
| Spain | 3.1 | 3.7 | 5.0 | 7.0 | 31.2% |
| Italy | 1.0 | 1.1 | 1.0 | N/A | 0.0% |
| Others | 0.8 | 0.8 | 4.9 | 0.4 | -20.6% |
| Total | 10.9 | 18.8 | 47.0 | 92.0 | 103.6% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Latvia in 2022:
- France (6.2 tons)
- Lithuania (1.1 tons)
- Germany (0.4 tons)
- Spain (0.2 tons)
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia
In 2022, approx. 6.5 tons of lac; natural gums, resins, gum-resins and balsamses were exported from Latvia; jumping by 149% compared with the year before. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses skyrocketed to $82K in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 133%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 10.3 | 6.5 | 16.2 | 51.7 | 71.2% |
| Germany | 3.8 | 15.3 | 23.2 | 23.4 | 83.3% |
| Russia | N/A | N/A | 12.1 | 2.8 | -76.9% |
| Others | 2.2 | 0.8 | 1.1 | 3.7 | 18.9% |
| Total | 16.2 | 22.5 | 52.6 | 81.7 | 71.5% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Latvia in 2022:
- Uzbekistan (6.1 tons)
- Germany (0.3 tons)
- Russia (0.1 tons)
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