Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $6,579 per ton, surging by 25% against the previous year. In general, the import price posted a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of 99% against the previous year. Over the period under review, average import prices reached the maximum at $9,872 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($11,079 per ton), while the price for Sweden ($2,536 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $1,588 per ton in 2022, shrinking by -81% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 46%. As a result, the export price attained the peak level of $9,685 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($36,333 per ton), while the average price for exports to Pakistan ($1,191 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 (+18.3%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses into Latvia shrank to 35 tons, reducing by -6.7% compared with the previous year. In general, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 38 tons, and then contracted in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses surged to $231K in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 52.3 | 73.0 | 75.8 | 115 | 30.0% |
| Finland | 91.3 | 18.9 | 10.5 | 48.4 | -19.1% |
| Sweden | N/A | N/A | 32.5 | 26.4 | -18.8% |
| Germany | 20.7 | 16.8 | 29.3 | 12.5 | -15.5% |
| Poland | 3.5 | 5.4 | 3.3 | 11.6 | 49.1% |
| Switzerland | 5.9 | 3.6 | 3.3 | 4.9 | -6.0% |
| Estonia | 17.4 | 2.5 | 2.0 | 2.7 | -46.3% |
| United States | N/A | N/A | 13.9 | 0.2 | -98.6% |
| China | 2.9 | 14.9 | 13.7 | N/A | 117.4% |
| Slovenia | 4.4 | N/A | 5.5 | N/A | 11.8% |
| Others | 6.3 | 7.1 | 7.5 | 8.3 | 9.6% |
| Total | 205 | 142 | 197 | 231 | 4.1% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Latvia in 2022:
- Italy (15.3 tons)
- Sweden (10.4 tons)
- Finland (4.4 tons)
- Poland (1.7 tons)
- Germany (1.3 tons)
- Switzerland (0.5 tons)
- Estonia (0.4 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia
In 2022, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses was finally on the rise to reach 12 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous contraction.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses skyrocketed to $18K in 2022. Overall, exports, however, showed a sharp curtailment.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 12.7 | 0% |
| Lithuania | 0.7 | 0.7 | 1.9 | 2.9 | 60.6% |
| Hong Kong SAR | N/A | N/A | N/A | 2.1 | 0% |
| Estonia | 2.5 | 13.1 | N/A | 0.2 | -56.9% |
| Russia | 113 | 0.7 | 0.9 | 0.1 | -90.4% |
| China | 60.4 | N/A | N/A | N/A | 0% |
| Others | 2.7 | 6.4 | 2.5 | 0.4 | -47.1% |
| Total | 180 | 20.9 | 5.3 | 18.4 | -53.2% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Latvia in 2022:
- Pakistan (10.7 tons)
- Lithuania (0.6 tons)
- Hong Kong SAR (0.2 tons)
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