Latvia: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Latvia

In 2022, the Latvian hypochlorites, chlorites and hypobromites market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a noticeable setback. Hypochlorites, chlorites and hypobromites consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Latvia

In 2022, exports of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites from Latvia soared to X tons, surging by 834% against the previous year. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 6,152%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hypochlorites, chlorites and hypobromites exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 53,106% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for hypochlorites, chlorites and hypobromites exports from Latvia, accounting for a 97% share of total exports. It was followed by Estonia (X tons), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Lithuania amounted to +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-10.8% per year) and Germany (-39.3% per year).

In value terms, Lithuania ($X) remains the key foreign market for hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites exports from Latvia, comprising 87% of total exports. The second position in the ranking was held by Estonia ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lithuania stood at +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-4.8% per year) and Germany (-49.1% per year).

Export Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $X per ton, declining by -27.1% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 751%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Latvia

In 2022, purchases abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by 54%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports soared to $X in 2022. Overall, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 57%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Estonia (X tons) constituted the largest hypochlorites, chlorites and hypobromites supplier to Latvia, accounting for a 73% share of total imports. Moreover, hypochlorites, chlorites and hypobromites imports from Estonia exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fourfold. The third position in this ranking was taken by Finland (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia totaled +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-4.5% per year) and Finland (+9.3% per year).

In value terms, the largest hypochlorites, chlorites and hypobromites suppliers to Latvia were Estonia ($X), Germany ($X) and Lithuania ($X), together accounting for 93% of total imports.

Among the main suppliers, Estonia, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hypochlorites, chlorites and hypobromites import price stood at $X per ton in 2022, which is down by -12.8% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hypochlorites, chlorites and hypobromites import price increased by +63.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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 ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform