Latvia: Market for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) 2024

Market Size for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in Latvia

The Latvian market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) declined to $X in 2022, dropping by X% 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). Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Exports from Latvia

In 2022, overseas shipments of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Finland (X tons), Estonia (X tons) and Germany (X tons) were the main destinations of exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from Latvia, together accounting for X% of total exports. The United States, Belarus, India, Ukraine and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), the United States ($X) and Finland ($X) appeared to be the largest markets for acylic monoamines,their derivatives and salts thereof exported from Latvia worldwide, together accounting for X% of total exports.

Belarus, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average export price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Germany ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Imports into Latvia

In 2022, after three years of decline, there was significant growth in overseas purchases of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine), when their volume increased by X% to X tons. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) fell notably to $X in 2022. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) to Latvia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acylic monoamines,their derivatives and salts thereof suppliers to Latvia were Lithuania ($X), Germany ($X) and Finland ($X), together comprising X% of total imports.

In terms of the main suppliers, Finland, with a CAGR of X%, saw the highest rates of growth with regard to 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 acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform