Report Update Nov 1, 2024

Latvia - Sulphur - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Sulphur Market 2024

Sulphur Market Size in Latvia

In 2022, the Latvian sulphur market increased by 204% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a significant increase. Sulphur consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sulphur Exports

Exports from Latvia

In 2022, shipments abroad of sulphur decreased by 99.9% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 82,179% against the previous year. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, sulphur exports reduced notably to $X in 2022. In general, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 23,195%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The Netherlands (X kg) was the main destination for sulphur exports from Latvia, accounting for a 100% share of total exports. Moreover, sulphur exports to the Netherlands exceeded the volume sent to the second major destination, Lithuania (X kg), ninefold.

From 2020 to 2022, the average annual growth rate of volume to the Netherlands totaled -48.6%.

In value terms, the Netherlands ($X) emerged as the key foreign market for sulphur exports from Latvia, comprising 82% of total exports. The second position in the ranking was held by Lithuania ($X), with an 18% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at -34.9%.

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, picking up by 591% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+27.6%).

Sulphur Imports

Imports into Latvia

In 2022, supplies from abroad of sulphur increased by 83% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 313% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sulphur imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 544% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest sulphur supplier to Latvia, accounting for a 58% share of total imports. Moreover, sulphur imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Lithuania (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.8% per year) and Lithuania (+25.0% per year).

In value terms, the largest sulphur suppliers to Latvia were Lithuania ($X), Austria ($X) and Kazakhstan ($X), with a combined 81% share of total imports. Poland and the Netherlands lagged somewhat behind, together comprising a further 18%.

Poland, with a CAGR of +11.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sulphur import price amounted to $X per ton, increasing by 40% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Austria ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the sulphur 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:

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