Petroleum Jelly Price in Latvia - 2023
Contents:
- Petroleum Jelly Price in Latvia (CIF) - 2022
- Petroleum Jelly Price in Latvia (FOB) - 2022
- Petroleum Jelly Imports in Latvia
- Petroleum Jelly Exports in Latvia
Petroleum Jelly Price in Latvia (CIF) - 2022
The average petroleum jelly import price stood at $3,324 per ton in 2022, waning by -56.8% against the previous year. In general, the import price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 114%. The import price peaked at $9,399 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 the Czech Republic ($12,805 per ton), while the price for Lithuania ($1,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Jelly Price in Latvia (FOB) - 2022
In 2022, the average petroleum jelly export price amounted to $6,540 per ton, growing by 50% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($7,263 per ton), while the average price for exports to Lithuania ($5,948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Jelly Imports in Latvia
In 2022, approx. 20 tons of petroleum jellies were imported into Latvia; shrinking by -80.8% on the previous year's figure. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 694%. As a result, imports attained the peak of 106 tons, and then dropped notably in the following year.
In value terms, petroleum jelly imports reduced sharply to $68K in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 550% against the previous year. As a result, imports attained the peak of $815K, and then declined remarkably in the following year.
| Import of Petroleum Jelly in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 67.9 | 106 | 688 | 27.0 | -26.5% |
| Poland | 7.2 | 4.1 | 34.3 | 17.7 | 35.0% |
| Russia | 7.2 | 5.7 | 17.2 | 8.7 | 6.5% |
| Estonia | 4.0 | 4.6 | 24.1 | 4.4 | 3.2% |
| Netherlands | 1.5 | 0.9 | 14.1 | 3.0 | 26.0% |
| Lithuania | 1.1 | 0.6 | 5.9 | 1.8 | 17.8% |
| Germany | 3.5 | 0.8 | 17.9 | 1.8 | -19.9% |
| Italy | 0.9 | 0.4 | 3.3 | 1.7 | 23.6% |
| Others | 2.1 | 2.9 | 10.3 | 1.8 | -5.0% |
| Total | 95.5 | 125 | 815 | 67.8 | -10.8% |
Top Suppliers of Petroleum Jelly to Latvia in 2022:
- Poland (10.2 tons)
- Russia (3.8 tons)
- Czech Republic (2.1 tons)
- Lithuania (1.4 tons)
- Netherlands (0.7 tons)
- Italy (0.6 tons)
- Germany (0.5 tons)
- Estonia (0.4 tons)
Petroleum Jelly Exports in Latvia
Petroleum jelly exports from Latvia dropped markedly to 137 kg in 2022, which is down by -99.9% against the previous year. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 206,831%. As a result, the exports reached the peak of 128 tons, and then contracted significantly in the following year.
In value terms, petroleum jelly exports shrank notably to $896 in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 144,536%. As a result, the exports reached the peak of $561K, and then dropped notably in the following year.
| Export of Petroleum Jelly in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | 358 | 0.5 | -99.9% |
| Estonia | N/A | 0.1 | 119 | 0.3 | 73.2% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Germany | N/A | N/A | 81.8 | N/A | 0% |
| Others | 0.9 | 0.3 | 2.4 | N/A | 63.3% |
| Total | 0.9 | 0.4 | 561 | 0.9 | 0.0% |
Top Export Markets for Petroleum Jelly from Latvia in 2022:
- Lithuania (77.0 kg)
- Estonia (38.0 kg)
- Spain (20.0 kg)
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