Price for Sugars; Fructose, Chemically Pure, in Solid Form in Latvia - 2023

Contents:

1. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Latvia (CIF) - 2022
2. Price for Sugars; Fructose, Chemically Pure, in Solid Form in Latvia (FOB) - 2022
3. Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Latvia
4. Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Latvia

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Latvia (CIF) - 2022

In 2022, the average import price for sugars; fructose, chemically pure, in solid form amounted to $1,185 per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The import price peaked at $1,525 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($4,167 per ton), while the price for Lithuania amounted to $1,154 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Price for Sugars; Fructose, Chemically Pure, in Solid Form in Latvia (FOB) - 2022

In 2022, the average export price for sugars; fructose, chemically pure, in solid form amounted to $2,403 per ton, picking up by 80% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 84%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($2,764 per ton), while the average price for exports to Germany totaled $2,272 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Sugars; Fructose, Chemically Pure, in Solid Form in Latvia

In 2022, purchases abroad of sugars; fructose, chemically pure, in solid form was finally on the rise to reach 58 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp slump.

In value terms, imports of sugars; fructose, chemically pure, in solid form surged to $69K in 2022. In general, imports, however, faced a abrupt curtailment.

Top Suppliers of Sugars; Fructose, Chemically Pure, in Solid Form to Latvia in 2022:

1. Lithuania (57.7 tons)
2. Germany (0.4 tons)

Exports of Sugars; Fructose, Chemically Pure, in Solid Form in Latvia

In 2022, shipments abroad of sugars; fructose, chemically pure, in solid form decreased by -55.6% to 2.8 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 483%. As a result, the exports reached the peak of 38 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of sugars; fructose, chemically pure, in solid form declined dramatically to $6.7K in 2022. In general, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 236% against the previous year. As a result, the exports attained the peak of $46K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Sugars; Fructose, Chemically Pure, in Solid Form from Latvia in 2022:

1. Germany (2.0 tons)
2. Estonia (0.7 tons)

Source: IndexBox Market Intelligence Platform