Price for Waste, Parings and Scrap, of Plastics in Latvia - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Latvia (CIF) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Latvia (FOB) - 2023
3. Imports of Waste, Parings and Scrap, of Plastics in Latvia
4. Exports of Waste, Parings and Scrap, of Plastics in Latvia

Price for Waste, Parings and Scrap, of Plastics in Latvia (CIF) - 2023

In October 2023, the average import price for waste, parings and scrap, of plasticses amounted to $289 per ton, reducing by -9.7% against the previous month. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 24% month-to-month. The import price peaked at $604 per ton in October 2022; however, from November 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Finland ($294 per ton), while the price for Norway ($184 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Latvia (FOB) - 2023

In October 2023, the average export price for waste, parings and scrap, of plasticses amounted to $348 per ton, rising by 38% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $423 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Turkey ($562 per ton), while the average price for exports to Ukraine ($187 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Waste, Parings and Scrap, of Plastics in Latvia

In 2022, supplies from abroad of waste, parings and scrap, of plasticses decreased by -8.3% to 36K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +56.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports reached the peak of 39K tons, and then shrank in the following year.

In value terms, imports of waste, parings and scrap, of plasticses rose slightly to $20M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Latvia in 2022:

1. Estonia (5.7K tons)
2. Lithuania (5.5K tons)
3. Sweden (4.5K tons)
4. Finland (4.4K tons)
5. United Kingdom (3.3K tons)
6. United States (2.2K tons)
7. Dominican Republic (2.1K tons)
8. Australia (1.9K tons)
9. Mexico (1.1K tons)
10. Poland (0.4K tons)
11. Colombia (0.2K tons)
12. Russia (0.2K tons)

Exports of Waste, Parings and Scrap, of Plastics in Latvia

Exports of waste, parings and scrap, of plasticses from Latvia skyrocketed to 20K tons in 2022, surging by 41% against the previous year. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of waste, parings and scrap, of plasticses soared to $7.2M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Latvia in 2022:

1. Lithuania (12.4K tons)
2. Poland (4.0K tons)
3. Estonia (1.1K tons)
4. Ukraine (1.0K tons)
5. Germany (0.4K tons)

Source: IndexBox Market Intelligence Platform