Price for Sulphites; Other than of Sodium in Latvia - 2023

Contents:

1. Price for Sulphites; Other than of Sodium in Latvia (CIF) - 2022
2. Price for Sulphites; Other than of Sodium in Latvia (FOB) - 2022
3. Imports of Sulphites; Other than of Sodium in Latvia
4. Exports of Sulphites; Other than of Sodium in Latvia

Price for Sulphites; Other than of Sodium in Latvia (CIF) - 2022

In 2022, the average import price for sulphites; other than of sodia amounted to $3,225 per ton, picking up by 23% against the previous year. Overall, the import price recorded a slight expansion. The pace of growth was the most pronounced in 2015 an increase of 66%. The import price peaked at $6,374 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Lithuania ($13,200 per ton), while the price for the Netherlands ($2,644 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+39.4%), while the prices for the other major suppliers experienced a decline.

Price for Sulphites; Other than of Sodium in Latvia (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $3,104 per ton, with an increase of 7.1% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 47%. The export price peaked at $4,889 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($17,000 per ton), while the average price for exports to Estonia totaled $3,056 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+13.4%), while the prices for the other major destinations experienced a decline.

Imports of Sulphites; Other than of Sodium in Latvia

In 2022, approx. 741 kg of sulphites; other than of sodia were imported into Latvia; declining by -23.5% on the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 70%. As a result, imports reached the peak of 969 kg, and then dropped remarkably in the following year.

In value terms, sulphites; other than of sodium imports shrank to $2.4K in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, imports reached the peak of $2.5K, and then shrank in the following year.

Top Suppliers of Sulphites; Other than of Sodium to Latvia in 2022:

1. Netherlands (500.0 kg)
2. Poland (231.0 kg)
3. Lithuania (10.0 kg)

Exports of Sulphites; Other than of Sodium in Latvia

In 2022, after three years of growth, there was decline in shipments abroad of sulphites; other than of sodia, when their volume decreased by -1.4% to 577 kg. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports reached the peak of 585 kg, and then reduced modestly in the following year.

In value terms, sulphites; other than of sodium exports stood at $1.8K in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 79%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Sulphites; Other than of Sodium from Latvia in 2022:

1. Estonia (575.0 kg)
2. Lithuania (2.0 kg)

Source: IndexBox Market Intelligence Platform