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Latvia - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropylene Glycol Price in Latvia - 2023
Contents:
- Propylene Glycol Price in Latvia (CIF) - 2022
- Propylene Glycol Price in Latvia (FOB) - 2022
- Propylene Glycol Imports in Latvia
- Propylene Glycol Exports in Latvia
Propylene Glycol Price in Latvia (CIF) - 2022
The average propylene glycol import price stood at $2,997 per ton in 2022, falling by -12.7% against the previous year. In general, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2021 an increase of 146%. As a result, import price attained the peak level of $3,433 per ton, and then fell in the following year.
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 Poland ($3,925 per ton), while the price for the Netherlands ($2,399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Propylene Glycol Price in Latvia (FOB) - 2022
The average propylene glycol export price stood at $3,405 per ton in 2022, surging by 7.7% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($6,694 per ton), while the average price for exports to Lithuania ($1,637 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 Russia (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.
Propylene Glycol Imports in Latvia
In 2022, overseas purchases of propylene glycol (propane-1,2-diol) increased by 13% to 217 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decrease.
In value terms, propylene glycol imports dropped slightly to $651K in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of $662K, and then reduced slightly in the following year.
Import of Propylene Glycol in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 55.5 | 99.9 | 150 | 167 | 44.4% |
Netherlands | 222 | 265 | 226 | 142 | -13.8% |
Finland | 10.9 | 0.9 | 23.2 | 142 | 135.3% |
Romania | N/A | N/A | 23.7 | 93.8 | 295.8% |
Poland | 17.0 | 36.7 | 159 | 38.6 | 31.4% |
Germany | 193 | 42.0 | 61.8 | 35.8 | -43.0% |
Estonia | 33.6 | 6.8 | 3.9 | N/A | -65.9% |
Others | 4.0 | 5.1 | 15.2 | 31.5 | 99.0% |
Total | 535 | 456 | 662 | 651 | 6.8% |
Top Suppliers of Propylene Glycol to Latvia in 2022:
- Netherlands (59.4 tons)
- Lithuania (52.5 tons)
- Finland (46.5 tons)
- Romania (32.3 tons)
- Germany (11.0 tons)
- Poland (9.8 tons)
Propylene Glycol Exports in Latvia
In 2022, shipments abroad of propylene glycol (propane-1,2-diol) decreased by -37.3% to 56 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 1.9%. As a result, the exports reached the peak of 94 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, propylene glycol exports dropped markedly to $191K in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 127%. As a result, the exports reached the peak of $282K, and then reduced notably in the following year.
Export of Propylene Glycol in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 133 | 117 | 202 | 122 | -2.8% |
Finland | N/A | N/A | 47.6 | 35.1 | -26.3% |
Uzbekistan | N/A | N/A | N/A | 6.0 | 0% |
Lithuania | 1.6 | 4.9 | 11.0 | 2.4 | 14.5% |
Others | 1.9 | 2.5 | 22.0 | 25.1 | 136.4% |
Total | 137 | 124 | 282 | 191 | 11.7% |
Top Export Markets for Propylene Glycol from Latvia in 2022:
- Estonia (39.3 tons)
- Finland (9.2 tons)
- Uzbekistan (1.7 tons)
- Lithuania (1.4 tons)
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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
-
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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