Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia - 2023

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia (CIF) - 2023
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia (FOB) - 2022
3. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia
4. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia (CIF) - 2023

In October 2023, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,953 per ton, picking up by 14% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 30% month-to-month. Over the period under review, average import prices reached the maximum at $2,381 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($3,070 per ton), while the price for Vietnam ($1,135 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia (FOB) - 2022

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,696 per ton in 2022, approximately equating the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,047 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($3,717 per ton), while the average price for exports to Belgium ($1,079 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia

In 2022, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -24.9% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 17K tons, and then shrank dramatically in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses fell remarkably to $30M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +42.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. As a result, imports reached the peak of $37M, and then fell significantly in the following year.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Latvia in 2022:

1. Belgium (2504.5 tons)
2. Netherlands (2424.8 tons)
3. Lithuania (2167.4 tons)
4. Germany (1941.9 tons)
5. Poland (993.5 tons)
6. South Korea (519.7 tons)
7. France (458.8 tons)
8. Spain (431.3 tons)
9. Finland (251.3 tons)
10. Denmark (231.3 tons)
11. Sweden (225.6 tons)
12. Russia (216.1 tons)
13. United Kingdom (2.2 tons)

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Latvia

In 2022, overseas shipments of polymers of propylene or of other olefins, in primary formses decreased by -22.6% to 9.8K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20%.

In value terms, exports of polymers of propylene or of other olefins, in primary formses declined remarkably to $17M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +36.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports attained the peak of $21M, and then fell notably in the following year.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Latvia in 2022:

1. Czech Republic (2169.5 tons)
2. Russia (1379.6 tons)
3. Ireland (1318.6 tons)
4. Lithuania (976.8 tons)
5. Italy (950.9 tons)
6. Poland (683.2 tons)
7. Kazakhstan (363.0 tons)
8. Belgium (285.8 tons)
9. China (281.0 tons)
10. Armenia (255.8 tons)
11. Netherlands (255.3 tons)
12. Estonia (243.3 tons)
13. Belarus (224.2 tons)

Source: IndexBox Market Intelligence Platform