Latvia: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Latvia

The Latvian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2022, remaining stable against the previous year. In general, consumption, however, saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Latvia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to less than $X in 2022 estimated in export price. Over the period under review, production, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Latvia

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from Latvia; jumping by 21% compared with the year before. The total export volume increased at an average annual rate of +10.5% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose sharply to $X in 2016. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Lithuania (X tons) and Luxembourg (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Latvia, together accounting for 64% of total exports. Germany, the Czech Republic, Finland and Denmark lagged somewhat behind, together comprising a further 33%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +600.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Latvia were Poland ($X), Lithuania ($X) and Luxembourg ($X), with a combined 63% share of total exports. Germany, the Czech Republic, Finland and Denmark lagged somewhat behind, together accounting for a further 30%.

Germany, with a CAGR of +514.3%, 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 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, falling by -7.4% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -1%. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2016, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and Luxembourg ($X per ton), while the average price for exports to Germany ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-6.4%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Latvia

In 2016, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -0.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,417% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2016, the growth of imports of remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2016. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 488%. As a result, imports reached the peak of $X. From 2015 to 2016, the growth of imports of remained at a lower figure.

Imports by Country

Lithuania (X tons), Denmark (X tons) and Finland (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Latvia, with a combined 65% share of total imports. China, Estonia, Germany and Slovakia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2016, the biggest increases were recorded for Germany (with a CAGR of +1,119.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Latvia, comprising 49% of total imports. The second position in the ranking was held by Lithuania ($X), with an 18% share of total imports. It was followed by Denmark, with a 12% share.

From 2012 to 2016, the average annual growth rate of value from Germany amounted to +627.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+35.8% per year) and Denmark (-42.4% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, approximately equating the previous year. Overall, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 7.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2016, import prices remained at a lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Finland (-8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform