Price for Ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one) in Latvia - 2023
Contents:
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (CIF) - 2022
- Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (FOB) - 2022
- Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia
- Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (CIF) - 2022
In 2022, the average import price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $10,591 per ton, growing by 37% against the previous year. In general, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68%. The import price peaked at $57,750 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Germany ($11,627 per ton), while the price for Ukraine ($5,047 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the prices for the other major suppliers experienced a decline.
Price for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (FOB) - 2022
In 2022, the average export price for ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s amounted to $13,632 per ton, picking up by 12% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 790%. Over the period under review, the average export prices reached the peak figure at $280,062 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($13,552 per ton), while the average price for exports to Belarus ($13,494 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia
In 2022, the amount of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s imported into Latvia soared to 22 tons, growing by 64% on the year before. In general, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s surged to $236K in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 54.2 | 65.3 | 71.3 | 166 | 45.2% |
| Germany | 11.0 | 0.5 | 1.1 | 46.8 | 62.0% |
| Czech Republic | N/A | 9.0 | 17.4 | 12.3 | 16.9% |
| Ukraine | 19.6 | 26.5 | 7.2 | 6.6 | -30.4% |
| Spain | N/A | 2.5 | 1.8 | 2.3 | -4.1% |
| Others | 4.5 | 2.0 | 6.3 | 2.2 | -21.2% |
| Total | 89.2 | 106 | 105 | 236 | 38.3% |
Top Suppliers of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) to Latvia in 2022:
- Netherlands (15.1 tons)
- Germany (4.0 tons)
- Czech Republic (1.5 tons)
- Ukraine (1.3 tons)
- Spain (0.4 tons)
Exports of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s, which increased by 1,572% to 13 tons in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 2,147%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of ketones; aromatic, (without other oxygen function), excluding phenylacetone (phenylpropan-2-one)s surged to $182K in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 12,205%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.6 | 1.0 | 9.4 | 167 | 552.9% |
| Belarus | N/A | N/A | N/A | 8.0 | 0% |
| India | N/A | N/A | N/A | 3.2 | 0% |
| Others | 0.1 | 93.4 | 0.4 | 3.9 | 239.1% |
| Total | 0.8 | 94.4 | 9.8 | 182 | 510.5% |
Top Export Markets for Ketones; Aromatic, (Without Other Oxygen Function), Excluding Phenylacetone (Phenylpropan-2-One) from Latvia in 2022:
- Russia (12.3 tons)
- Belarus (0.6 tons)
- India (0.2 tons)
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