Liquefied Propane Price in Latvia - 2023

Contents:

1. Liquefied Propane Price in Latvia (CIF) - 2023
2. Liquefied Propane Price in Latvia (FOB) - 2023
3. Liquefied Propane Imports in Latvia
4. Liquefied Propane Exports in Latvia

Liquefied Propane Price in Latvia (CIF) - 2023

The average liquefied propane import price stood at $449 per ton in September 2023, with an increase of 5% against the previous month. Overall, the import price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in October 2022 an increase of 12% against the previous month. As a result, import price attained the peak level of $710 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Finland ($700 per ton), while the price for Russia stood at $437 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+0.0%).

Liquefied Propane Price in Latvia (FOB) - 2023

The average liquefied propane export price stood at $485 per ton in September 2023, rising by 6.2% against the previous month. Overall, the export price, however, continues to indicate a noticeable downturn. Over the period under review, the average export prices reached the peak figure at $717 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($620 per ton), while the average price for exports to Cyprus ($404 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-0.5%), while the prices for the other major destinations experienced a decline.

Liquefied Propane Imports in Latvia

In 2022, the amount of liquefied propanes imported into Latvia skyrocketed to 34K tons, jumping by 15% compared with the year before. Over the period under review, imports, however, recorded a abrupt setback.

In value terms, liquefied propane imports skyrocketed to $23M in 2022. In general, imports posted a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Liquefied Propane to Latvia in 2022:

1. Russia (30.5K tons)
2. Finland (2.5K tons)
3. Lithuania (0.6K tons)

Liquefied Propane Exports in Latvia

Liquefied propane exports from Latvia contracted to 12K tons in 2022, reducing by -5.4% on the year before. Over the period under review, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 6.3%.

In value terms, liquefied propane exports rose to $8.5M in 2022. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 57%.

Top Export Markets for Liquefied Propane from Latvia in 2022:

1. Poland (4.0K tons)
2. Estonia (3.5K tons)
3. Lithuania (3.2K tons)
4. Cyprus (0.5K tons)
5. Ukraine (0.3K tons)
6. Netherlands (0.2K tons)

Source: IndexBox Market Intelligence Platform