Report Update Nov 1, 2024

Latvia - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Latvia

The Latvian methacrylic acid market was estimated at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, faced a sharp decline. The most prominent rate of growth was recorded in 2021 with a decrease of 99.9% against the previous year. Methacrylic acid consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Methacrylic Acid Production in Latvia

In value terms, methacrylic acid production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep setback. Methacrylic acid production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Methacrylic Acid Exports

Exports from Latvia

In 2022, approx. X kg of methacrylic acid and its salts were exported from Latvia; almost unchanged from the previous year. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, methacrylic acid exports totaled $X in 2022. Over the period under review, exports continue to indicate a sharp decrease. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for methacrylic acid exports from Latvia, accounting for a approx. 100% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2020 to 2022, the average annual growth rate of value to the Netherlands totaled -29.3%.

Export Prices by Country

In 2022, the average methacrylic acid export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2020 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -29.3% per year.

Methacrylic Acid Imports

Imports into Latvia

In 2021, after two years of decline, there was significant decline in overseas purchases of methacrylic acid and its salts, when their volume decreased by -50% to X kg. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2014 when imports increased by 8,057%. As a result, imports reached the peak of X kg. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, methacrylic acid imports reduced notably to $X in 2021. In general, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 5,299% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) was the main supplier of methacrylic acid to Latvia, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -24.1%.

In value terms, Germany ($X) constituted the largest supplier of methacrylic acid and its salts to Latvia.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -22.2%.

Import Prices by Country

In 2021, the average methacrylic acid import price amounted to $X per ton, falling by -51% against the previous year. In general, the import price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2015 an increase of 430% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +2.5% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the methacrylic acid market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143330 - Methacrylic acid and its salts

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023