Latvia: Alcohols Market 2020

Alcohols Market Size in Latvia

The revenue of the alcohols market in Latvia amounted to $X in 2018, coming down by -X% against the previous year. Overall, alcohols consumption, however, continues to indicate a modest increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Latvia alcohols consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Alcohols Production in Latvia

In value terms, alcohols production stood at $X in 2018 estimated in export prices. Overall, alcohols production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Latvia alcohols production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Alcohols Exports

Exports from Latvia

In 2018, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Latvia stood at X tons, surging by X% against the previous year. Overall, the total exports indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Latvia exports peaked at X tons in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, alcohols exports amounted to $X in 2018. In general, alcohols exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Latvia exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the twelve major exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, namely Saudi Arabia, Trinidad and Tobago, the Netherlands, the U.S., Malaysia, Germany, Russia, Singapore, Iran, Taiwan, Chinese, Venezuela and Belgium, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by the Netherlands, Singapore, Trinidad and Tobago, Taiwan, Chinese, Malaysia, Belgium, Russia, Iran, Venezuela and Latvia, which together accounted for a further X terms of the main exporting countries, Latvia experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the alcohols export price in Latvia amounted to $X per ton, surging by X% against the previous year. Overall, the export price indicated a moderate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, alcohols export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 when the export price increased by X% y-o-y. Over the period under review, the export prices for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives attained their peak figure in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced mixed trends in the export price figures.

Alcohols Imports

Imports into Latvia

In 2018, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Latvia; going down by -X% against the previous year. Over the period under review, alcohols imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Latvia imports peaked at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, alcohols imports totaled $X in 2018. In general, alcohols imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, alcohols imports reached their peak of $X. From 2016 to 2018, the growth of alcohols imports failed to regain its momentum.

Imports by Country

The countries with the highest levels of alcohols imports in 2018 were China (X tons), the U.S. (X tons), India (X tons), South Korea (X tons), Germany (X tons), Japan (X tons), Belgium (X tons), the Netherlands (X tons), Taiwan, Chinese (X tons), Turkey (X tons), France (X tons) and Italy (X tons), together finishing at X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the U.S. ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

India experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The alcohols import price in Latvia stood at $X per ton in 2018, growing by X% against the previous year. In general, the alcohols import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Latvia import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($X per ton) and Belgium ($X per ton), while South Korea ($X per ton) and the U.S. ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform