# Latvia Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/lva/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Latvia has a median reported export price of $1.4K/t across 122 markets. Across the reported period, the highest observed price is $1.4M/t in Ecuador; the lowest is $33.7/t in India.

## Summary

- Price spread: 97,525.9%
- Total trade value: $1.8B
- Average quantity: 5,091 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Lithuania | 2023 | $1.1K/t | -43.4% | -3.4% | +65.9% | $179.3M | 5 | Below |
| Ghana | 2023 | $1.2K/t | +20.2% | -19.9% | +13.4% | $40.1M | 5 | Mid |
| Hungary | 2023 | $1.1K/t | -28% | +47.6% | -88.3% | $45.6M | 5 | Below |
| Brazil | 2022 | $888.9/t | -31.2% | Not reported | +0% | $32.2M | 1 | Below |
| Ukraine | 2023 | $1.3K/t | +21% | -20.2% | -41.1% | $119.7M | 5 | Mid |
| Pakistan | 2020 | $258.8/t | -64% | -99.9% | -99.9% | $27.1M | 2 | Below |
| Nigeria | 2023 | $799.8/t | -39.3% | -24% | -29.2% | $125.5M | 5 | Below |
| Saudi Arabia | 2022 | $937.1/t | -27.9% | Not reported | +0% | $26.7M | 1 | Below |
| Paraguay | 2022 | $1.4K/t | +5.1% | Not reported | +0% | $25.1M | 1 | Mid |
| Australia | 2020 | $267.3/t | -77.4% | -65.9% | -65.9% | $17.0M | 2 | Below |
| Germany | 2023 | $1.4K/t | +25.4% | -14.2% | +338% | $88.4M | 5 | Above |
| Estonia | 2023 | $2.8K/t | +77.9% | +24.9% | +123.3% | $44.9M | 5 | Above |
| Netherlands | 2023 | $1.0K/t | -16% | -14.9% | -19.3% | $148.9M | 5 | Mid |
| Côte d'Ivoire | 2020 | $668.9/t | -51.5% | +3.2% | +3.2% | $51.4M | 2 | Below |
| Namibia | 2022 | $178.2K/t | +10,106.9% | Not reported | +0% | $6.9M | 1 | Above |
| Ecuador | 2023 | $1.4M/t | +5,057.2% | +87,052.4% | +177,990.1% | $29.2M | 5 | Above |
| India | 2023 | $16.6K/t | +1,632% | +49,156.4% | +1,241.3% | $42.2M | 5 | Above |

## Price history

- Lithuania: 2017 $692.4/t, 2019 $925.7/t, 2020 $845.6/t, 2022 $1.2K/t, 2023 $1.1K/t
- Ghana: 2017 $1.1K/t, 2019 $926.1/t, 2020 $1.1K/t, 2022 $1.5K/t, 2023 $1.2K/t
- Hungary: 2017 $9.0K/t, 2019 $592.3/t, 2020 $1.5K/t, 2022 $712.6/t, 2023 $1.1K/t
- Brazil: 2022 $888.9/t
- Ukraine: 2017 $2.3K/t, 2019 $741.6/t, 2020 $611.8/t, 2022 $1.7K/t, 2023 $1.3K/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $735.4/t | Not reported | $196.6M | 79 |
| 2019 | $706.1/t | -4% | $304.5M | 78 |
| 2020 | $513.4/t | -27.3% | $288.5M | 81 |
| 2022 | $1.3K/t | +148.8% | $776.5M | 90 |
| 2023 | $1.2K/t | -9.2% | $265.7M | 84 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 122 importer markets; 412 reported market-year observations.

## FAQ

### What does Latvia price positioning show for HS 271000?

It compares Latvia's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "LVA",
  "hs_code": "271000",
  "summary": {
    "num_markets": 122,
    "highest_price_importer_iso3": "ECU",
    "highest_price_usd_per_ton": 1369108.108108108,
    "lowest_price_importer_iso3": "IND",
    "lowest_price_usd_per_ton": 33.666666666666664,
    "median_price_across_markets": 1403.8064427312775,
    "price_spread_pct": 97525.86964750917,
    "avg_quantity_metric_tons": 5091.148220873787,
    "total_trade_value_usd": 1831763309
  },
  "marketRows": [
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      "trade_value_usd": 52809842,
      "market_median_price_usd_per_ton": 2030.8501709022555,
      "price_vs_median_pct": -43.42548484584707,
      "price_position": "Budget"
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      "year": 2023,
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  "marketAggregates": [
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      "importer_iso3": "CIV",
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    {
      "importer_iso3": "ECU",
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