Latvia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Latvia - 2023
Contents:
- Propene Price in Latvia (FOB) - 2022
- Propene Price in Latvia (CIF) - 2023
- Propene Exports in Latvia
- Propene Imports in Latvia
Propene Price in Latvia (FOB) - 2022
The average propene export price stood at $1,449 per ton in 2022, increasing by 17% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 59% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2019 to 2022, the rate of growth in terms of prices for Germany amounted to +56.5% per year.
Propene Price in Latvia (CIF) - 2023
In September 2023, the average propene import price amounted to $631 per ton, shrinking by -33.3% against the previous month. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in February 2023 an increase of 56% against the previous month. As a result, import price reached the peak level of $1,858 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Lithuania.
From September 2022 to September 2023, the rate of growth in terms of prices for Lithuania amounted to -3.0% per month.
Propene Exports in Latvia
After three years of growth, shipments abroad of propene (propylene) decreased by -24.8% to 55K tons in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 195% against the previous year.
In value terms, propene exports declined to $79M in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 163%.
Export of Propene in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 15.0 | 14.1 | 26.6 | 79.3 | 74.2% |
Germany | N/A | 25.4 | 21.3 | N/A | -16.1% |
Italy | N/A | N/A | 42.0 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 15.0 | 39.5 | 89.9 | 79.3 | 74.2% |
Top Export Markets for Propene from Latvia in 2022:
- Netherlands (54.7K tons)
Propene Imports in Latvia
In 2022, the amount of propene (propylene) imported into Latvia surged to 55K tons, with an increase of 43% on 2021. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 223% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, propene imports expanded significantly to $42M in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Propene in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 9.8 | 21.9 | 39.5 | 42.0 | 62.4% |
Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
Total | 10.0 | 21.9 | 39.5 | 42.1 | 61.5% |
Top Suppliers of Propene to Latvia in 2022:
- Lithuania (55.3K tons)
This report provides an in-depth analysis of the propene market 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 20141140 - Propene (propylene)
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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