Latvia: Disinfectant Market 2024

Disinfectant Market Size in Latvia

In 2022, the Latvian disinfectant market increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption enjoyed a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Disinfectant Production in Latvia

In value terms, disinfectant production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. Disinfectant production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Disinfectant Exports

Exports from Latvia

In 2022, exports of disinfectants from Latvia expanded slightly to X tons, growing by X% compared with 2021. In general, exports enjoyed moderate growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, disinfectant exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Estonia (X tons), Lithuania (X tons) and Russia (X tons) were the main destinations of disinfectant exports from Latvia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for disinfectant exported from Latvia were Russia ($X), Lithuania ($X) and Estonia ($X), together comprising X% of total exports.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average disinfectant export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X 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 (X%), while the prices for the other major destinations experienced a decline.

Disinfectant Imports

Imports into Latvia

In 2022, the amount of disinfectants imported into Latvia rose to X tons, picking up by X% compared with 2021. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, disinfectant imports dropped notably to $X in 2022. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Denmark (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of disinfectant imports to Latvia, with a combined X% share of total imports. Poland, Belgium, Lithuania, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Poland ($X) and Germany ($X) appeared to be the largest disinfectant suppliers to Latvia, together accounting for X% of total imports. The Netherlands, Lithuania, Belgium, Denmark and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average disinfectant import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced markedly in the following year.

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 the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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