Latvia: Carbonate Market 2020

Carbonate Market Size in Latvia

The revenue of the carbonate market in Latvia amounted to $X in 2018, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, carbonate consumption continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the carbonate market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Carbonate Exports

Exports from Latvia

In 2018, approx. X tons of carbonates and peroxocarbonates were exported from Latvia; surging by X% against the previous year. Overall, carbonate exports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Latvia exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, carbonate exports stood at $X in 2018. In general, carbonate exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, carbonate exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the U.S. (X tons), distantly followed by Turkey (X tons), China (X tons), Bulgaria (X tons) and Germany (X tons) represented the major exporters of carbonates and peroxocarbonates, together comprising X% of total exports. Russia (X tons), Spain (X tons), Vietnam (X tons), Poland (X tons), Norway (X tons), France (X tons) and Malaysia (X tons) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), China ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Germany, Bulgaria, Russia, France, Spain, Poland, Vietnam, Malaysia, Norway and Latvia lagged somewhat behind, together comprising a further X Nam experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The carbonate export price in Latvia stood at $X per ton in 2018, going up by X% against the previous year. In general, the carbonate export price, however, continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. Latvia export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Norway ($X per ton) was amongst the lowest.

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

Carbonate Imports

Imports into Latvia

In 2018, the carbonate imports into Latvia totaled X tons, growing by X% against the previous year. Overall, carbonate imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Latvia imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, carbonate imports stood at $X in 2018. Overall, carbonate imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Latvia imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, India (X tons), followed by Germany (X tons), Mexico (X tons), Indonesia (X tons) and Brazil (X tons) represented the major importers of carbonates and peroxocarbonates, together constituting X% of total imports. Belgium (X tons), Thailand (X tons), South Korea (X tons), Saudi Arabia (X tons), Italy (X tons), Finland (X tons) and France (X tons) occupied a relatively small share of total imports.

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, South Korea ($X), India ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports.

In terms of the main importing countries, India experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the carbonate import price in Latvia amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price indicated a temperate expansion from 2007 to 2018: its price 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. Based on 2018 figures, carbonate import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. Over the period under review, the import prices for carbonates and peroxocarbonates attained their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform