Price for Dyes; Pigments and Preparations Based Thereon in Latvia - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Latvia (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Latvia (FOB) - 2023
- Imports of Dyes; Pigments and Preparations Based Thereon in Latvia
- Exports of Dyes; Pigments and Preparations Based Thereon in Latvia
Price for Dyes; Pigments and Preparations Based Thereon in Latvia (CIF) - 2023
In November 2023, the average import price for dyes; pigments and preparations based therea amounted to $9,859 per ton, standing approximately at the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 29% against the previous month. Over the period under review, average import prices hit record highs at $10,942 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($13,145 per ton), while the price for Italy ($5,039 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Latvia (FOB) - 2023
The average export price for dyes; pigments and preparations based therea stood at $9,735 per ton in November 2023, picking up by 6.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 53% m-o-m. As a result, the export price attained the peak level of $18,111 per ton. From July 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($60,439 per ton), while the average price for exports to Lithuania ($9,167 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Latvia
In 2022, supplies from abroad of dyes; pigments and preparations based therea decreased by -31.3% to 486 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year.
In value terms, imports of dyes; pigments and preparations based therea dropped to $3.9M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.
| Import of Dyes; Pigments and Preparations Based Thereon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,084 | 1,264 | 1,313 | 1,345 | 7.5% |
| Slovakia | 523 | 562 | 655 | 616 | 5.6% |
| Lithuania | 414 | 634 | 1,041 | 587 | 12.3% |
| Germany | 372 | 250 | 187 | 249 | -12.5% |
| Estonia | 405 | 380 | 286 | 241 | -15.9% |
| Romania | 174 | 154 | 102 | 104 | -15.8% |
| Italy | 42.3 | 86.6 | 104 | 98.5 | 32.5% |
| Belgium | 114 | 365 | 105 | 73.6 | -13.6% |
| Others | 546 | 550 | 688 | 624 | 4.6% |
| Total | 3,673 | 4,247 | 4,481 | 3,938 | 2.3% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Latvia in 2022:
- Finland (156.1 tons)
- Lithuania (107.6 tons)
- Slovakia (100.5 tons)
- Romania (26.4 tons)
- Italy (16.2 tons)
- Estonia (13.5 tons)
- Belgium (13.3 tons)
- Germany (13.0 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Latvia
In 2022, overseas shipments of dyes; pigments and preparations based therea were finally on the rise to reach 188 tons after two years of decline. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; 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 dyes; pigments and preparations based therea surged to $1.6M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dyes; Pigments and Preparations Based Thereon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 1,004 | 1,097 | 1,157 | 1,208 | 6.4% |
| Estonia | 137 | 48.2 | 60.8 | 103 | -9.1% |
| Russia | 140 | 26.3 | 21.2 | 90.1 | -13.7% |
| Belarus | 1.8 | 4.9 | 5.4 | 68.2 | 235.9% |
| Poland | N/A | N/A | N/A | 39.8 | 0% |
| Others | 5.3 | 12.5 | 10.1 | 97.0 | 163.5% |
| Total | 1,289 | 1,189 | 1,254 | 1,606 | 7.6% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Latvia in 2022:
- Lithuania (150.3 tons)
- Poland (9.8 tons)
- Russia (9.2 tons)
- Belarus (6.3 tons)
- Estonia (6.0 tons)
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