Latvia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Latvia

The Latvian market for pure polyvinyl chloride in primary forms declined modestly to $X in 2022, waning by -4.9% against the previous year. Overall, consumption showed a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pure Polyvinyl Chloride in Primary Forms in Latvia

In value terms, production of pure polyvinyl chloride in primary forms fell to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Latvia

In 2020, shipments abroad of pure polyvinyl chloride in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. In general, exports, however, showed a abrupt descent. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, exports of pure polyvinyl chloride in primary forms surged to $X in 2020. Overall, exports, however, showed a abrupt setback. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Latvia, accounting for a 98% share of total exports. It was followed by Norway (X kg), with a 2.4% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Poland was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Poland was relatively modest.

Export Prices by Country

In 2020, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, which is down by -64.4% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 763%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Poland totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.1%).

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Latvia

In 2022, the amount of pure polyvinyl chloride in primary forms imported into Latvia contracted to X tons, which is down by -5.4% on 2021. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 534% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of pure polyvinyl chloride in primary forms fell dramatically to $X in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 399% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Estonia (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Latvia, accounting for a 67% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Estonia exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia totaled +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-15.4% per year) and Poland (-5.2% per year).

In value terms, Sweden ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Latvia, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.9% per year) and Estonia (-12.0% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, dropping by -63.1% against the previous year. Over the period under review, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform