Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia - 2023

Contents:

  1. Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (CIF) - 2022
  2. Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (FOB) - 2022
  3. Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia
  4. Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia

Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (CIF) - 2022

In 2022, the average import price for colouring matter; pigments and preparations based on chromium compoundses amounted to $6,249 per ton, waning by -15.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 55% against the previous year. The import price peaked at $10,699 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 ($21,750 per ton), while the price for Lithuania ($4,201 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (FOB) - 2022

The average export price for colouring matter; pigments and preparations based on chromium compoundses stood at $6,958 per ton in 2022, declining by -70.1% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2013 when the average export price decreased by -63.2%. Over the period under review, the average export prices reached the peak figure at $23,250 per ton in 2021, and then dropped significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +3.4% per year.

Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia

In 2022, imports of colouring matter; pigments and preparations based on chromium compoundses into Latvia soared to 2.7 tons, increasing by 60% against 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 71%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of colouring matter; pigments and preparations based on chromium compoundses surged to $17K in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania3.94.75.38.027.1%
FinlandN/AN/AN/A3.60%
Poland1.71.94.63.020.8%
Sweden2.92.52.01.9-13.1%
Others0.80.20.60.6-9.1%
Total9.39.212.517.022.3%

Top Suppliers of Colouring Matter; Pigments and Preparations Based On Chromium Compounds to Latvia in 2022:

  1. Lithuania (1909.0 kg)
  2. Finland (555.0 kg)
  3. Poland (136.0 kg)
  4. Sweden (103.0 kg)

Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia

In 2022, approx. 308 kg of colouring matter; pigments and preparations based on chromium compoundses were exported from Latvia; picking up by 3,750% compared with the previous year. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of colouring matter; pigments and preparations based on chromium compoundses soared to $2.1K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in Latvia (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
LithuaniaN/A2.10%
Estonia0.2N/A0%
OthersN/AN/A0%
Total0.22.1950.0%

Top Export Markets for Colouring Matter; Pigments and Preparations Based On Chromium Compounds from Latvia in 2022:

  1. Lithuania (308.0 kg)

Source: IndexBox Market Intelligence Platform

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