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

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

The Latvian market for plasticised mixed polyvinyl chloride in primary forms contracted slightly to $X in 2022, which is down by -3.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Latvia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Latvia

In 2022, approx. X kg of plasticised mixed polyvinyl chloride in primary forms were exported from Latvia; which is down by -92.3% against the previous year's figure. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2015 with an increase of 8,949%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms reduced dramatically to $X in 2022. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4,484% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Latvia, accounting for a 74% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Denmark exceeded the volume sent to the second major destination, Poland (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Denmark was relatively modest.

In value terms, Denmark ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Latvia, comprising 75% of total exports. The second position in the ranking was taken by Poland ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark was relatively modest.

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 365% against the previous year. In general, the export price posted resilient growth. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+150.1%).

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Latvia

In 2022, the amount of plasticised mixed polyvinyl chloride in primary forms imported into Latvia dropped to X tons, shrinking by -8.6% against 2021 figures. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 200%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms shrank to $X in 2022. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2017 when imports increased by 202%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), the UK (X tons) and Lithuania (X kg) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Latvia, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and France ($X) appeared to be the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Latvia, with a combined 88% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +28.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, waning by -4.3% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform