Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia (CIF) - 2023
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia (CIF) - 2023

In October 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $8,475 per ton, with a decrease of -6.3% against the previous month. In general, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for paints and varnishes, based on polyesters, non-aqueous medium increased by +35.9% against July 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 38% month-to-month. Over the period under review, average import prices hit record highs at $9,047 per ton in September 2023, and then reduced in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($13,318 per ton), while the price for Poland ($3,509 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia (FOB) - 2023

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $12,572 per ton in October 2023, waning by -17.3% against the previous month. Over the period under review, the export price, however, enjoyed a resilient expansion. The growth pace was the most rapid in March 2023 when the average export price increased by 212% against the previous month. The export price peaked at $15,198 per ton in September 2023, and then declined significantly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($39,995 per ton), while the average price for exports to Lithuania ($3,511 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia

In 2022, after three years of growth, there was significant decline in overseas purchases of paints and varnishes, based on polyesters, non-aqueous medium, when their volume decreased by -37.1% to 1.6K tons. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 2.5K tons, and then shrank dramatically in the following year.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium contracted rapidly to $7.3M in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of $11M, and then reduced sharply in the following year.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Latvia in 2022:

1. Italy (501.1 tons)
2. Estonia (333.9 tons)
3. Poland (265.2 tons)
4. Lithuania (190.0 tons)
5. Finland (100.4 tons)
6. Spain (38.7 tons)
7. Sweden (37.8 tons)
8. Germany (35.6 tons)
9. Belgium (22.3 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Latvia

After three years of growth, overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium decreased by -57.2% to 667 tons in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 370% against the previous year.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium declined dramatically to $3.4M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 342%.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Latvia in 2022:

1. Russia (458.0 tons)
2. Lithuania (168.0 tons)
3. Estonia (19.7 tons)
4. Belarus (13.6 tons)

Source: IndexBox Market Intelligence Platform