Latvia - Sulphuric Acid And Oleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSulphuric Acid Price in Latvia - 2023
Contents:
- Sulphuric Acid Price in Latvia (CIF) - 2022
- Sulphuric Acid Price in Latvia (FOB) - 2022
- Sulphuric Acid Imports in Latvia
- Sulphuric Acid Exports in Latvia
Sulphuric Acid Price in Latvia (CIF) - 2022
In 2022, the average sulphuric acid import price amounted to $245 per ton, picking up by 93% against the previous year. Overall, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($279 per ton), while the price for Russia ($105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphuric Acid Price in Latvia (FOB) - 2022
In 2022, the average sulphuric acid export price amounted to $220 per ton, with an increase of 88% against the previous year. In general, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 175%. As a result, the export price reached the peak level of $410 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($167 per ton), while the average price for exports to Estonia amounted to $144 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+1.2%).
Sulphuric Acid Imports in Latvia
In 2022, after three years of growth, there was significant decline in supplies from abroad of sulphuric acid and oleum, when their volume decreased by -24.1% to 5.3K tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of 7K tons, and then reduced sharply in the following year.
In value terms, sulphuric acid imports surged to $1.3M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 81% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Sulphuric Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 105 | 234 | 537 | 1,160 | 122.7% |
| Russia | N/A | N/A | 144 | 85.5 | -40.6% |
| Poland | N/A | 6.3 | 16.8 | 52.4 | 188.4% |
| Belarus | 179 | 242 | 139 | N/A | -11.9% |
| Others | 7.5 | 7.2 | 47.4 | 1.8 | -37.9% |
| Total | 292 | 490 | 885 | 1,299 | 64.5% |
Top Suppliers of Sulphuric Acid to Latvia in 2022:
- Lithuania (4.2K tons)
- Russia (0.8K tons)
- Poland (0.3K tons)
Sulphuric Acid Exports in Latvia
In 2022, after three years of growth, there was decline in overseas shipments of sulphuric acid and oleum, when their volume decreased by -2.7% to 1.3K tons. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, the exports attained the peak of 1.3K tons, and then fell in the following year.
In value terms, sulphuric acid exports skyrocketed to $285K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 108% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Sulphuric Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 17.7 | 32.3 | 71.6 | 158 | 107.4% |
| Lithuania | 29.4 | 42.6 | 84.0 | 125 | 62.0% |
| Others | 0.2 | 0.1 | 0.1 | 2.4 | 128.9% |
| Total | 47.3 | 75.0 | 156 | 285 | 82.0% |
Top Export Markets for Sulphuric Acid from Latvia in 2022:
- Estonia (1098.1 tons)
- Lithuania (747.3 tons)
This report provides an in-depth analysis of the sulphuric acid 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 20132434 - Sulphuric acid, oleum
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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This report provides an in-depth analysis of the sulphuric acid market in Latvia.
2836
This report provides an in-depth analysis of the global sulphuric acid market.
97
This report provides an in-depth analysis of the sulphuric acid market in Latvia.
2836
This report provides an in-depth analysis of the global sulphuric acid market.
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