Price for Silicates; Commercial Alkali Metal Silicates in Latvia - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Latvia (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Latvia (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Latvia
- Exports of Silicates; Commercial Alkali Metal Silicates in Latvia
Price for Silicates; Commercial Alkali Metal Silicates in Latvia (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $660 per ton, picking up by 52% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $929 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($8,836 per ton), while the price for Poland ($331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Latvia (FOB) - 2022
In 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $1,528 per ton, growing by 2.6% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 49%. The export price peaked at $5,637 per ton in 2012; however, from 2013 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 Lithuania ($2,054 per ton), while the average price for exports to Russia ($646 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 Russia (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Silicates; Commercial Alkali Metal Silicates in Latvia
In 2022, purchases abroad of silicates; commercial alkali metal silicateses decreased by -42.7% to 330 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 125%. As a result, imports attained the peak of 576 tons, and then declined rapidly in the following year.
In value terms, silicates; commercial alkali metal silicates imports declined to $218K in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 77%. As a result, imports reached the peak of $250K, and then contracted in the following year.
| Import of Silicates; Commercial Alkali Metal Silicates in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 28.7 | 51.8 | 80.5% |
| Germany | 66.7 | 79.6 | 48.4 | 38.1 | -17.0% |
| Lithuania | 15.7 | 13.6 | 135 | 37.7 | 33.9% |
| Poland | 26.1 | 11.1 | 13.4 | 28.4 | 2.9% |
| China | N/A | 7.9 | N/A | 20.9 | 62.7% |
| Finland | 0.1 | 0.4 | 4.1 | 13.7 | 415.5% |
| Sweden | 1.8 | 17.5 | 16.6 | 7.1 | 58.0% |
| Belgium | 8.7 | 5.3 | 2.4 | N/A | -47.5% |
| Others | 21.4 | 5.7 | 1.4 | 20.1 | -2.1% |
| Total | 140 | 141 | 250 | 218 | 15.9% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Latvia in 2022:
- Lithuania (95.3 tons)
- Poland (85.6 tons)
- Germany (84.9 tons)
- China (27.0 tons)
- Finland (13.9 tons)
- Sweden (12.7 tons)
- Netherlands (5.9 tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of silicates; commercial alkali metal silicateses, which increased by 37% to 63 tons 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.
In value terms, silicates; commercial alkali metal silicates exports skyrocketed to $96K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 81%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Silicates; Commercial Alkali Metal Silicates in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 12.4 | 37.1 | 37.4 | 65.4 | 74.1% |
| Estonia | 10.0 | 14.8 | 20.3 | 27.2 | 39.6% |
| Russia | 4.2 | 9.1 | 9.0 | 2.5 | -15.9% |
| Ukraine | 0.5 | 4.0 | 1.1 | 0.1 | -41.5% |
| United Arab Emirates | 14.9 | 10.4 | N/A | N/A | -30.2% |
| Others | 0.4 | 1.5 | 0.1 | 0.7 | 20.5% |
| Total | 42.4 | 77.0 | 67.9 | 95.8 | 31.2% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Latvia in 2022:
- Ukraine (undefined tons)
- Lithuania (31.8 tons)
- Estonia (26.7 tons)
- Russia (3.8 tons)
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