Latvia: Sulphur Market 2025

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