Ferro-Alloys; Ferro-Vanadium Price in Latvia - 2023
Contents:
- Ferro-Alloys; Ferro-Vanadium Price in Latvia (FOB) - 2022
- Ferro-Alloys; Ferro-Vanadium Price in Latvia (CIF) - 2022
- Ferro-Alloys; Ferro-Vanadium Exports in Latvia
- Ferro-Alloys; Ferro-Vanadium Imports in Latvia
Ferro-Alloys; Ferro-Vanadium Price in Latvia (FOB) - 2022
The average ferro-alloys; ferro-vanadium export price stood at $27,807 per ton in 2022, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $27,807 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($38,390 per ton), while the average price for exports to Turkey ($14,319 per ton) was amongst the lowest.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+67.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Vanadium Price in Latvia (CIF) - 2022
In 2022, the average ferro-alloys; ferro-vanadium import price amounted to $18,929 per ton, remaining stable against the previous year. Overall, the import price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 170%. The import price peaked at $43,990 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2018 to 2022, the rate of growth in terms of prices for Ukraine amounted to -45.4% per year.
Ferro-Alloys; Ferro-Vanadium Exports in Latvia
In 2022, ferro-alloys; ferro-vanadium exports from Latvia soared to 356 tons, growing by 24% compared with the previous year. The total export volume increased at an average annual rate of +23.7% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-alloys; ferro-vanadium exports surged to $9.9M in 2022. The total export value increased at an average annual rate of +23.7% from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Alloys; Ferro-Vanadium in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 4.1 | 5.5 | 34.1% | ||
| Netherlands | 0.1 | 1.4 | 1300.0% | ||
| Austria | 0.1 | 1.2 | 1100.0% | ||
| Estonia | N/A | 1.0 | 0% | ||
| Lithuania | N/A | 0.7 | 0% | ||
| Ukraine | 0.4 | 0.1 | -75.0% | ||
| Germany | 2.2 | N/A | 0% | ||
| Turkey | 1.1 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 8.0 | 9.9 | 23.8% | ||
Top Export Markets for Ferro-Alloys; Ferro-Vanadium from Latvia in 2022:
- United States (143.9 tons)
- Austria (72.8 tons)
- Estonia (58.4 tons)
- Netherlands (41.7 tons)
- Lithuania (33.0 tons)
- Ukraine (5.0 tons)
- Turkey (1.6 tons)
Ferro-Alloys; Ferro-Vanadium Imports in Latvia
In 2022, approx. 2.8 tons of ferro-alloys; ferro-vanadia were imported into Latvia; declining by -85.9% against the previous year. Overall, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 43%.
In value terms, ferro-alloys; ferro-vanadium imports dropped sharply to $53K in 2022. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 286% against the previous year. As a result, imports attained the peak of $379K, and then dropped remarkably in the following year.
| Import of Ferro-Alloys; Ferro-Vanadium in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 51.4 | 0% |
| Slovakia | 214 | N/A | N/A | N/A | 0% |
| Estonia | N/A | N/A | 379 | N/A | 0% |
| Ukraine | 156 | N/A | N/A | N/A | 0% |
| Others | N/A | 98.1 | N/A | 2.0 | -85.7% |
| Total | 370 | 98.1 | 379 | 53.4 | -47.5% |
Top Suppliers of Ferro-Alloys; Ferro-Vanadium to Latvia in 2022:
- Germany (2.8 tons)
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