Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $111,057 per ton, with a decrease of -23% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 647% against the previous year. The import price peaked at $196,231 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($114,440 per ton), while the price for Germany ($50,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $56,000 per ton in 2022, surging by 44% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 138% against the previous year. Over the period under review, the average export prices hit record highs at $1,629,000 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($58,500 per ton), while the average price for exports to Germany totaled $46,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+2.1%).
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia
In 2022, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids into Latvia skyrocketed to 53 kg, rising by 61% compared with the previous year's figure. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $5.9K in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 194%. As a result, imports reached the peak of $10K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.2 | 5.1 | 2.3 | 5.7 | 68.1% |
| France | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Germany | 0.2 | 0.1 | 0.5 | 0.1 | -20.6% |
| Austria | N/A | 0.1 | N/A | N/A | 0% |
| United Kingdom | N/A | 0.9 | N/A | N/A | 0% |
| Italy | 2.0 | 0.9 | 1.9 | N/A | -2.5% |
| Others | N/A | 3.1 | N/A | N/A | 0% |
| Total | 3.5 | 10.2 | 4.8 | 5.9 | 19.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Latvia in 2022:
- Spain (50.0 kg)
- Germany (2.0 kg)
- France (1.0 kg)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -96.8% to 5 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 1,691% against the previous year. As a result, the exports attained the peak of 197 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids reduced rapidly to $280 in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 4,157% against the previous year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 0.2 | 0% |
| Hungary | 0.1 | 1.0 | N/A | N/A | 900.0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Ukraine | 0.1 | 0.4 | 6.0 | N/A | 674.6% |
| Others | N/A | 4.1 | N/A | N/A | 0% |
| Total | 0.1 | 5.5 | 6.0 | 0.3 | 44.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from Latvia in 2022:
- Poland (4.0 kg)
- Germany (1.0 kg)
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