Latvia - Salt - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSalt Price in Latvia - 2023
Contents:
- Salt Price in Latvia (CIF) - 2022
- Salt Price in Latvia (FOB) - 2022
- Salt Imports in Latvia
- Salt Exports in Latvia
Salt Price in Latvia (CIF) - 2022
In 2022, the average salt import price amounted to $81 per ton, rising by 21% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 82% against the previous year. As a result, import price attained the peak level of $105 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Estonia ($213 per ton), while the price for Belarus ($40 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Salt Price in Latvia (FOB) - 2022
In 2022, the average salt export price amounted to $135 per ton, growing by 46% against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 100% against the previous year. Over the period under review, the average export prices reached the maximum at $169 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($140 per ton), while the average price for exports to Estonia amounted to $119 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-2.4%).
Salt Imports in Latvia
In 2022, approx. 258K tons of salt and pure sodium chloride were imported into Latvia; jumping by 40% on the previous year. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 229%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, salt imports surged to $21M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 112% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Salt in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Morocco | N/A | N/A | 0.2 | 4.4 | 2100.0% |
Lithuania | 1.2 | 1.2 | 2.4 | 3.8 | 46.8% |
Germany | 3.4 | 0.1 | 2.8 | 3.7 | 2.9% |
Egypt | N/A | N/A | N/A | 2.6 | 0% |
Estonia | 0.4 | 0.7 | 0.8 | 1.5 | 55.4% |
Belarus | 4.4 | 1.9 | 3.9 | 1.3 | -33.4% |
Poland | 0.3 | 0.4 | 0.4 | 0.7 | 32.6% |
Russia | N/A | 0.1 | 0.5 | 0.6 | 144.9% |
Ukraine | 0.5 | 0.5 | 0.4 | 0.1 | -41.5% |
Others | 0.8 | 1.0 | 1.1 | 2.1 | 37.9% |
Total | 11.1 | 5.9 | 12.4 | 20.9 | 23.5% |
Top Suppliers of Salt to Latvia in 2022:
- Morocco (76.8K tons)
- Germany (52.9K tons)
- Egypt (50.1K tons)
- Lithuania (34.9K tons)
- Belarus (33.1K tons)
- Estonia (7.1K tons)
- Russia (4.7K tons)
- Poland (3.9K tons)
- Ukraine (1.3K tons)
Salt Exports in Latvia
In 2022, exports of salt and pure sodium chloride from Latvia soared to 32K tons, with an increase of 45% on the previous year. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 263% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, salt exports soared to $4.3M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Salt in Latvia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 0.9 | 0.6 | 1.2 | 2.2 | 34.7% |
Lithuania | 0.3 | 0.4 | 0.8 | 1.7 | 78.3% |
Others | 0.1 | N/A | N/A | 0.4 | 58.7% |
Total | 1.3 | 1.0 | 2.0 | 4.3 | 49.0% |
Top Export Markets for Salt from Latvia in 2022:
- Estonia (18.3K tons)
- Lithuania (12.2K tons)
This report provides an in-depth analysis of the salt 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 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
- Prodcom 10843000 - Salt suitable for human consumption
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 salt market in Latvia.
This report provides an in-depth analysis of the global salt market.
This report provides an in-depth analysis of the salt market in Latvia.
This report provides an in-depth analysis of the global salt market.
In 2020, the global salt market experienced a decline, following a drop in output in the consumer industries. Despite this, a stable growth in the demand for salt is expected in the future from the chemical and food sectors; the increasing use of salt in alternative energy is also a factor.
The global salt market revenue amounted to $27.4B in 2018, growing by 11% against the previous year. This figure reflects ...
From 2007 to 2015, global salt exports exhibited a pronounced growth trend, with the exception of minor declines in 2012 and 2015. Exports amounted to X million USD in 2015. There was an annual increase of +X% throughout the analyzed period.
In value terms, salts of oxometallic and peroxometallic acids imports totaled $X in 2016. Overall, it indicated a moderate increase from 2007 to 2016: the total imports value decreased at an averag...
In value terms, salts of inorganic acids and peroxoacids imports stood at $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average ...
In value terms, salts of oxometallic and peroxometallic acids exports amounted to $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total exports value decreased at an ...
In value terms, salts of inorganic acids and peroxoacids exports totaled $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annu...
In 2016, approx. X tons of salt were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
In 2016, approx. X tons of salt were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- ...
In 2013, the average Mexico's export price for salt and pure sodium chloride stood at X USD per ton. Export prices varied considerably by country of destination. Belize (X USD/tonne), El Salvador (X USD/tonne) and Guatemala (X USD/