Report Update Nov 1, 2024

Latvia - Oxides of Boron, Boric Acids and Inorganic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Latvia

In 2022, the Latvian oxides of boron market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Latvia

In 2022, after six years of growth, there was significant decline in shipments abroad of oxides of boron, boric acids and inorganic acids, when their volume decreased by -53.5% to X tons. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 573,673% against the previous year. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, oxides of boron exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 226,923% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Poland (X tons), Lithuania (X tons) and Finland (X tons) were the main destinations of oxides of boron exports from Latvia, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +234.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Latvia, comprising 65% of total exports. The second position in the ranking was held by Lithuania ($X), with a 32% share of total exports. It was followed by Finland, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled +49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+259.9% per year) and Finland (+50.0% per year).

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, rising by 20% against the previous year. In general, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($X per ton) and Belarus ($X per ton), while the average price for exports to Lithuania ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+55.9%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Latvia

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported into Latvia; with a decrease of -35.8% compared with 2021 figures. In general, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, oxides of boron imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 67%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of oxides of boron to Latvia, accounting for a 86% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +55.6%.

In value terms, the largest oxides of boron suppliers to Latvia were Turkey ($X) and Finland ($X).

In terms of the main suppliers, Turkey, with a CAGR of +53.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, rising by 34% against the previous year. In general, the import price recorded resilient growth. The growth pace was the most rapid in 2020 an increase of 57%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Finland ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+21.3%).

Source: IndexBox Platform

This report provides an in-depth analysis of the oxides of boron 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 20132460 - Oxides of boron, boric acids, inorganic acids (excluding hydrogen fluoride)

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