Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (CIF) - 2023
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $957 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 22% m-o-m. As a result, import price reached the peak level of $1,002 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Finland ($3,470 per ton), while the price for Lithuania ($946 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 Finland (+17.5%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $1,210 per ton in 2022, with an increase of 51% against the previous year. In general, the export price continues to indicate modest growth. The pace of growth appeared the most rapid in 2021 an increase of 53%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Ukraine ($1,231 per ton) and Lithuania ($1,198 per ton), while the average price for exports to Poland ($1,000 per ton) and Germany ($1,130 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia
In 2022, after two years of decline, there was significant growth in supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, when their volume increased by 14% to 190K tons. In general, imports, however, saw a relatively flat trend pattern.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $177M in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 76.3 | 47.6 | 70.6 | 132 | 20.0% |
| Finland | 35.3 | 31.2 | 32.1 | 28.2 | -7.2% |
| Estonia | 4.1 | 2.7 | 6.1 | 9.2 | 30.9% |
| Russia | N/A | N/A | N/A | 5.7 | 0% |
| Others | 1.2 | 0.8 | 1.2 | 1.9 | 16.6% |
| Total | 117 | 82.3 | 110 | 177 | 14.8% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Latvia in 2022:
- Lithuania (121.4K tons)
- Finland (54.6K tons)
- Estonia (8.0K tons)
- Russia (5.3K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia
Exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s from Latvia skyrocketed to 34K tons in 2022, picking up by 64% compared with 2021 figures. In general, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $41M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 15.8 | 8.3 | 16.1 | 26.7 | 19.1% |
| Ukraine | N/A | N/A | N/A | 13.2 | 0% |
| Germany | N/A | N/A | N/A | 0.7 | 0% |
| Others | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Total | 16.1 | 8.8 | 16.6 | 41.1 | 36.7% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Latvia in 2022:
- Lithuania (22.3K tons)
- Ukraine (10.7K tons)
- Germany (0.6K tons)
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