Latvia: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Latvia

The Latvian anti-oxidising preparations market was estimated at less than $X in 2022, almost unchanged from the previous year. In general, consumption saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Anti-Oxidising Preparations Production in Latvia

In value terms, anti-oxidising preparations production stood at less than $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Anti-Oxidising Preparations Exports

Exports from Latvia

For the fifth consecutive year, Latvia recorded growth in overseas shipments of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, which increased by X% to X tons in 2016. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2016 and are likely to see gradual growth in the near future.

In value terms, anti-oxidising preparations exports expanded remarkably to $X in 2016. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2016 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tons) was the main destination for anti-oxidising preparations exports from Latvia, with a X% share of total exports. Moreover, anti-oxidising preparations exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), twofold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) remains the key foreign market for anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2016, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2016, the average anti-oxidising preparations export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Anti-Oxidising Preparations Imports

Imports into Latvia

In 2016, supplies from abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations imports shrank remarkably to $X in 2016. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, Germany (X tons) constituted the largest anti-oxidising preparations supplier to Latvia, accounting for a X% share of total imports. Moreover, anti-oxidising preparations imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Ukraine (X% per year).

In value terms, Germany ($X) constituted the largest supplier of anti-oxidising preparations and other compounds stabilisers for rubber or plastics to Latvia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with an X% share.

From 2012 to 2016, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2016, the average anti-oxidising preparations import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2016, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform