Report Update: May 1, 2024

Latvia - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Methacrylic Acid Esters Price in Latvia - 2023

Methacrylic Acid Esters Price in Latvia (CIF) - 2022

In 2022, the average methacrylic acid esters import price amounted to $7,376 per ton, picking up by 166% against the previous year. Overall, the import price showed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($67,342 per ton), while the price for the United States ($2,175 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Methacrylic Acid Esters Price in Latvia (FOB) - 2022

In 2022, the average methacrylic acid esters export price amounted to $25,247 per ton, dropping by -70.8% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 1,361% against the previous year. As a result, the export price reached the peak level of $121,250 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($34,234 per ton), while the average price for exports to Belarus ($21,548 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 Russia (+12.6%), while the prices for the other major destinations experienced a decline.

Methacrylic Acid Esters Imports in Latvia

In 2022, the amount of esters of methacrylic acid imported into Latvia reduced rapidly to 28 tons, which is down by -66.3% compared with 2021. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 533% against the previous year. As a result, imports attained the peak of 84 tons, and then reduced dramatically in the following year.

In value terms, methacrylic acid esters imports dropped to $209K in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 432%. As a result, imports attained the peak of $232K, and then declined in the following year.

Import of Methacrylic Acid Esters in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	N/A	N/A	N/A	80.9	0%
Netherlands	N/A	0.2	2.2	68.8	1754.7%
United States	71.0	24.8	186	17.4	-37.4%
Russia	30.2	5.6	N/A	N/A	-81.5%
Others	2.6	13.0	44.0	41.6	152.0%
Total	104	43.6	232	209	26.2%

Top Suppliers of Methacrylic Acid Esters to Latvia in 2022:

Netherlands (18.5 tons)
United States (8.0 tons)
South Korea (1.2 tons)

Methacrylic Acid Esters Exports in Latvia

Methacrylic acid esters exports from Latvia soared to 534 kg in 2022, rising by 3,460% on 2021 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,200% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, methacrylic acid esters exports surged to $13K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 12,753% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Export of Methacrylic Acid Esters in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	7.3	N/A	5.7	-11.6%
Belarus	0.1	N/A	N/A	4.5	255.7%
Estonia	N/A	N/A	N/A	2.6	0%
France	N/A	N/A	N/A	0.6	0%
Ukraine	N/A	N/A	1.3	N/A	0%
Others	N/A	0.1	N/A	N/A	0%
Total	0.1	7.3	1.3	13.5	413.0%

Top Export Markets for Methacrylic Acid Esters from Latvia in 2022:

Russia (225.0 kg)
Belarus (210.0 kg)
Estonia (77.0 kg)
France (21.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the methacrylic acid esters market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023