Latvia - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Urea and Thiourea Resins in Latvia - 2023
Contents:
- Price for Urea and Thiourea Resins in Latvia (CIF) - 2023
- Price for Urea and Thiourea Resins in Latvia (FOB) - 2022
- Imports of Urea and Thiourea Resins in Latvia
- Exports of Urea and Thiourea Resins in Latvia
Price for Urea and Thiourea Resins in Latvia (CIF) - 2023
In September 2023, the average urea and thiourea resins import price amounted to $643 per ton, surging by 23% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 40% month-to-month. The import price peaked at $692 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($6,956 per ton), while the price for Belarus ($267 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+17.6%), while the prices for the other major suppliers experienced a decline.
Price for Urea and Thiourea Resins in Latvia (FOB) - 2022
The average urea and thiourea resins export price stood at $2,334 per ton in 2022, with an increase of 15% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins export price increased by +81.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Lithuania ($4,263 per ton), while the average price for exports to Denmark ($1,310 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 Denmark (+134.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Urea and Thiourea Resins in Latvia
Urea and thiourea resins imports into Latvia contracted to 16K tons in 2022, dropping by -10.6% on the year before. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 41%.
In value terms, urea and thiourea resins imports soared to $12M in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 92%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Urea and Thiourea Resins in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belarus | 6.1 | 3.2 | 6.9 | 6.6 | 2.7% |
Sweden | 1.3 | 1.5 | 2.1 | 3.5 | 39.1% |
Estonia | 0.4 | 0.4 | 0.6 | 0.8 | 26.0% |
Finland | N/A | N/A | 0.1 | 0.4 | 300.0% |
Others | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
Total | 7.9 | 5.3 | 10.2 | 11.7 | 14.0% |
Top Suppliers of Urea and Thiourea Resins to Latvia in 2022:
- Belarus (13.6K tons)
- Sweden (1.4K tons)
- Estonia (0.4K tons)
- Finland (0.4K tons)
Exports of Urea and Thiourea Resins in Latvia
In 2022, shipments abroad of urea resins and thiourea resins in primary forms decreased by -29.4% to 248 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 30%. As a result, the exports attained the peak of 351 tons, and then plummeted in the following year.
In value terms, urea and thiourea resins exports dropped dramatically to $578K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, the exports attained the peak of $711K, and then fell remarkably in the following year.
Export of Urea and Thiourea Resins in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belarus | 308 | 336 | 355 | 345 | 3.9% |
Lithuania | 2.1 | 20.4 | 345 | 193 | 351.3% |
Russia | N/A | N/A | N/A | 32.1 | 0% |
Denmark | N/A | N/A | 10.1 | 7.3 | -27.7% |
Others | N/A | N/A | 1.0 | 0.9 | -10.0% |
Total | 310 | 357 | 711 | 578 | 23.1% |
Top Export Markets for Urea and Thiourea Resins from Latvia in 2022:
- Belarus (176.5 tons)
- Lithuania (45.3 tons)
- Russia (20.1 tons)
- Denmark (5.5 tons)
This report provides an in-depth analysis of the market for urea and thiourea resins 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 20165550 - Urea resins and thiourea resins, in primary forms
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 urea and thiourea resins in Latvia.
This report provides an in-depth analysis of the amino-resin market in Latvia.
This report provides an in-depth analysis of the phenolic resins market in Latvia.
This report provides an in-depth analysis of the melamine resins market in Latvia.
This report provides an in-depth analysis of the polyurethanes market in Latvia.
This report provides an in-depth analysis of the amino resin market in Latvia.
This report provides an in-depth analysis of the global market for urea and thiourea resins.
This report provides an in-depth analysis of the global amino-resin market.
This report provides an in-depth analysis of the global phenolic resins market.
This report provides an in-depth analysis of the global melamine resins market.
The global amino resin market revenue amounted to $68.1B in 2018, rising by 6.6% against the previous year. This...
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
The global trade in amino-resins, phenolic resins and polyurethanes (in primary forms) amounted to X million USD in 2015, fluctuating perceptibly over the period under review. A notable drop in 2009 was followed by recovery over the next five year
Germany dominates in the global trade of amino-resins, phenolic resins and polyurethanes. In 2014, Germany exported X million tons of amino-resins, phenolic resins and polyurethanes totaling X billion USD, X% over the previous year. Its primar
Learn about the projected growth of the global polyurethane market in primary forms over the next seven years, with an expected increase in volume and value. Market performance is forecasted to expand with a CAGR of +2.3% in volume and +4.8% in value, reaching 9M tons and $43.5B by 2030.
Explore the top import markets for polyurethanes in 2023. Discover key countries driving the global demand for polyurethane products.
Global polyurethane trade reached $7.8B in 2021, returning to the pre-pandemic level. China, Germany and Vietnam comprise 22% of total purchases. The average polyurethane import price soared 9.2% to $3,864 per ton in 2021.
Global exports of polyurethanes in primary forms dropped from $7B in 2019 to $6.3B in 2020. Germany, China, Italy and the U.S. constitute the largest polyurethane exporters worldwide, providing more than half of the total shipments. In 2020, all the key supplying countries experienced a reduction in polyurethane exports. The average polyurethane export price fell by -2.3% against the previous year. China, Vietnam and Germany remain the leading importers of polyurethane in primary forms.
Explore the world's top import markets for amino resin in 2023 and discover key statistics and insights. From the Netherlands to India, these countries drive global demand for this essential material.