Latvia: Market for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine 2024

Market Size for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in Latvia

The Latvian market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine expanded notably to $X in 2022, picking up by 9.1% 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). Over the period under review, consumption, however, showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Exports from Latvia

In 2022, approx. X tons of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine were exported from Latvia; rising by 40% on the year before. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 222,244% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,799% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) and Kazakhstan (X tons) were the main destinations of exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from Latvia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +18.1%).

In value terms, the largest markets for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine exported from Latvia were Kazakhstan ($X) and Estonia ($X).

Estonia, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, rising by 73% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 6,350% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Kazakhstan ($X per ton), while the average price for exports to Estonia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-0.7%).

Imports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Imports into Latvia

In 2022, approx. X tons of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine were imported into Latvia; growing by 4.5% on the previous year. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine surged to $X in 2022. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine supplier to Latvia, accounting for a 51% share of total imports. Moreover, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine from Belgium exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-0.0% per year) and Denmark (+36.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine to Latvia, comprising 50% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 21% share of total imports. It was followed by Denmark, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-2.0% per year) and Denmark (+31.7% per year).

Import Prices by Country

The average import price for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($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 (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform