Latvia: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Latvia

The Latvian market for non-plasticised mixed polyvinyl chloride in primary forms contracted to $X in 2022, shrinking by -3.2% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Latvia

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms declined slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Latvia

Exports of non-plasticised mixed polyvinyl chloride in primary forms from Latvia skyrocketed to X tons in 2022, picking up by 548% on 2021. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 2,815%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 5,221%. 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

Poland (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from Latvia, accounting for a 82% share of total exports. Moreover, exports of non-plasticised mixed polyvinyl chloride in primary forms to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold.

From 2016 to 2022, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) and the Netherlands ($X) were the largest markets for non-plasticised mixed polyvinyl chloride in primary forms exported from Latvia worldwide.

The Netherlands, with a CAGR of +176.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for non-plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, which is down by -15.7% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, 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 the Netherlands ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-9.6%).

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Latvia

Imports of non-plasticised mixed polyvinyl chloride in primary forms into Latvia surged to X tons in 2022, with an increase of 99% against 2021. Over the period under review, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 220% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. In general, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 256%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest non-plasticised mixed polyvinyl chloride in primary forms supplier to Latvia, accounting for a 61% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (0.0% per year) and Germany (-17.3% per year).

In value terms, the largest non-plasticised mixed polyvinyl chloride in primary forms suppliers to Latvia were Poland ($X), the Netherlands ($X) and Germany ($X), with a combined 97% share of total imports. These countries were followed by Russia, which accounted for a further 1.7%.

In terms of the main suppliers, Russia, with a CAGR of +130.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price enjoyed modest growth. The most prominent rate of growth was recorded in 2020 an increase of 43%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform