Price for Petroleum Gases and Other Gaseous Hydrocarbons in Latvia - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Latvia (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Latvia (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Latvia
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Latvia

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Latvia (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $591 per ton in 2022, rising by 8.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $604 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($599 per ton), while the price for Russia stood at $566 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.5%).

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Latvia (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $1,307 per ton in 2022, picking up by 105% against the previous year. In general, the export price recorded a buoyant 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 Finland ($3,258 per ton), while the average price for exports to Lithuania ($793 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 Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Latvia

Imports of petroleum gases and other gaseous hydrocarbonses into Latvia surged to 4.4M tons in 2022, jumping by 199% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses soared to $2.6B in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 255% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Latvia in 2022:

1. Lithuania (3.2M tons)
2. Russia (1.1M tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Latvia

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses exported from Latvia surged to 956K tons, increasing by 18% against the year before. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 286%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $1.2B in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 364%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Latvia in 2022:

1. Estonia (444.0K tons)
2. Lithuania (298.4K tons)
3. Finland (173.7K tons)
4. Poland (18.4K tons)

Source: IndexBox Market Intelligence Platform