Latvia: Market for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof 2024

Market Size for Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Latvia

The Latvian market for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof contracted slightly to $X in 2022, with a decrease of -3.4% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof in Latvia

In value terms, production of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Exports from Latvia

In 2022, shipments abroad of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 208% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof declined to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 68%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Mexico (X kg), India (X kg) and Brazil (X kg) were the main destinations of exports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof from Latvia, together accounting for 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +72.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclanic, cyclenic or cycloterpenic mono- or polyamines exported from Latvia were Brazil ($X), India ($X) and Mexico ($X), together accounting for 64% of total exports.

Brazil, with a CAGR of +76.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof stood at $X per ton in 2022, falling by -11.4% against the previous year. In general, the export price, however, showed temperate growth. The growth pace was the most rapid in 2015 an increase of 80% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+96.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanic, Cyclenic Or Cycloterpenic Mono- Or Polyamines, And Their Derivatives And Salts Thereof

Imports into Latvia

In 2022, approx. X tons of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof were imported into Latvia; waning by -57.2% against the previous year's figure. Overall, imports, however, showed pronounced growth. The pace of growth appeared the most rapid in 2016 with an increase of 242% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof shrank markedly to $X in 2022. Over the period under review, imports, however, saw a measured expansion. The pace of growth was the most pronounced in 2016 with an increase of 631%. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest cyclanic, cyclenic or cycloterpenic mono- or polyamines supplier to Latvia, accounting for a 59% share of total imports. Moreover, imports of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+54.2% per year) and Germany (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof to Latvia, comprising 53% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Ukraine, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.5% per year) and Ukraine (+36.2% per year).

Import Prices by Country

The average import price for cyclanic, cyclenic or cycloterpenic mono- or polyamines, and their derivatives and salts thereof stood at $X per ton in 2022, rising by 20% against the previous year. Overall, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 114%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X 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 (+96.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform