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Latvia - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Saturated Acyclic Monocarboxylic Acids in Latvia - 2023
Contents:
- Price for Saturated Acyclic Monocarboxylic Acids in Latvia (CIF) - 2022
- Price for Saturated Acyclic Monocarboxylic Acids in Latvia (FOB) - 2022
- Imports of Saturated Acyclic Monocarboxylic Acids in Latvia
- Exports of Saturated Acyclic Monocarboxylic Acids in Latvia
Price for Saturated Acyclic Monocarboxylic Acids in Latvia (CIF) - 2022
The average saturated acyclic monocarboxylic acids import price stood at $1,817 per ton in 2022, approximately reflecting the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic monocarboxylic acids import price increased by +73.0% against 2015 indices. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($16,952 per ton), while the price for Turkey ($1,365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Saturated Acyclic Monocarboxylic Acids in Latvia (FOB) - 2022
The average saturated acyclic monocarboxylic acids export price stood at $2,454 per ton in 2022, with an increase of 80% against the previous year. In general, the export price saw a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($3,830 per ton), while the average price for exports to Lithuania ($1,660 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 Poland (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Saturated Acyclic Monocarboxylic Acids in Latvia
In 2022, imports of saturated acyclic monocarboxylic acids into Latvia totaled 3.8K tons, surging by 12% against the year before. In general, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, saturated acyclic monocarboxylic acids imports rose significantly to $6.9M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Saturated Acyclic Monocarboxylic Acids in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 974 | 597 | 1,336 | 2,152 | 30.2% |
Belgium | 118 | 241 | 416 | 751 | 85.3% |
Russia | 592 | 490 | 266 | 718 | 6.6% |
Germany | 721 | 363 | 996 | 625 | -4.7% |
Turkey | N/A | 13.4 | 421 | 432 | 467.8% |
China | 258 | 72.4 | 338 | 375 | 13.3% |
Poland | 241 | 238 | 322 | 344 | 12.6% |
Finland | 156 | 101 | 256 | 297 | 23.9% |
Sweden | 168 | 18.7 | 29.8 | 1.5 | -79.3% |
Indonesia | 137 | 52.4 | 172 | N/A | 12.0% |
Others | 564 | 1,082 | 1,563 | 1,176 | 27.8% |
Total | 3,929 | 3,269 | 6,117 | 6,872 | 20.5% |
Top Suppliers of Saturated Acyclic Monocarboxylic Acids to Latvia in 2022:
- Lithuania (1515.4 tons)
- Belgium (472.6 tons)
- Russia (424.0 tons)
- Turkey (316.3 tons)
- Germany (259.0 tons)
- China (251.0 tons)
- Poland (120.0 tons)
- Finland (114.2 tons)
- Sweden (0.5 tons)
Exports of Saturated Acyclic Monocarboxylic Acids in Latvia
In 2022, saturated acyclic monocarboxylic acids exports from Latvia contracted markedly to 583 tons, falling by -35.7% on the previous year. In general, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 58%.
In value terms, saturated acyclic monocarboxylic acids exports surged to $1.4M in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 101% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Saturated Acyclic Monocarboxylic Acids in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 7.2 | 41.3 | 127 | 364 | 269.8% |
Lithuania | 141 | 97.3 | 177 | 359 | 36.6% |
Estonia | 939 | 367 | 674 | 260 | -34.8% |
Poland | 43.6 | N/A | 85.1 | 154 | 52.3% |
Ukraine | 0.1 | 12.0 | 7.1 | 68.9 | 783.2% |
Others | 61.9 | 98.0 | 168 | 226 | 54.0% |
Total | 1,193 | 615 | 1,238 | 1,431 | 6.3% |
Top Export Markets for Saturated Acyclic Monocarboxylic Acids from Latvia in 2022:
- Lithuania (216.5 tons)
- Estonia (116.6 tons)
- Russia (113.0 tons)
- Poland (85.7 tons)
- Ukraine (18.0 tons)
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143215 - Ethyl acetate
- Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
- Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
- Prodcom 20143230 -
- Prodcom 20143240 -
- Prodcom 20143250 - Formic acid, its salts and esters
- Prodcom 20143271 - Acetic acid
- Prodcom 20143278 - Salts of acetic acid
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Latvia.
This report provides an in-depth analysis of the market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids in Latvia.
This report provides an in-depth analysis of the market for esters of acetic acid (excluding ethyl acetate) in Latvia.
This report provides an in-depth analysis of the market for salts of acetic acid in Latvia.
This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Latvia.
This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters in Latvia.
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Latvia.
This report provides an in-depth analysis of the ethyl acetate market in Latvia.
This report provides an in-depth analysis of the acetic anhydride market in Latvia.
This report provides an in-depth analysis of the acetic acid market in Latvia.
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