Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia (CIF) - 2022
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia
4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia (CIF) - 2022

The average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $7,058 per ton in 2022, increasing by 11% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium increased by +33.8% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 31% against the previous year. As a result, import price reached the peak level of $7,308 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($10,067 per ton), while the price for the Czech Republic ($2,329 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia (FOB) - 2023

In October 2023, the average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $8,269 per ton, with a decrease of -8.7% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 44% against the previous month. Over the period under review, the average export prices attained the peak figure at $12,040 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Poland ($37,219 per ton), while the average price for exports to Belarus ($2,641 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia

In 2022, overseas purchases of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium decreased by -14% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20%.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium dropped slightly to $12M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $12M, and then declined modestly in the following year.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Latvia in 2022:

1. Germany (460.6 tons)
2. Finland (268.3 tons)
3. Estonia (193.3 tons)
4. Lithuania (181.1 tons)
5. Czech Republic (145.3 tons)
6. Slovenia (103.1 tons)
7. Italy (79.5 tons)
8. Poland (75.3 tons)
9. Netherlands (18.5 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Latvia

In 2022, the amount of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium exported from Latvia surged to 866 tons, increasing by 39% against the previous year's figure. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.3% 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 +78.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium surged to $6.9M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Latvia in 2022:

1. Russia (207.7 tons)
2. Lithuania (206.4 tons)
3. Estonia (65.8 tons)
4. Turkey (47.3 tons)
5. Czech Republic (41.5 tons)
6. Belarus (39.2 tons)
7. France (34.1 tons)
8. Uzbekistan (31.3 tons)
9. Armenia (25.5 tons)
10. Germany (21.8 tons)
11. Romania (20.6 tons)
12. Poland (20.0 tons)
13. Kazakhstan (19.0 tons)

Source: IndexBox Market Intelligence Platform