Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $1,909 per ton, increasing by 9.7% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $3,660 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Estonia ($4,760 per ton), while the price for Lithuania ($597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (FOB) - 2022
The average export price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $4,006 per ton in 2022, remaining stable against the previous year. In general, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 112%. The export price peaked at $9,182 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($6,123 per ton), while the average price for exports to Lithuania stood at $3,948 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.1%), while the prices for the other major destinations experienced a decline.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia
In 2022, imports of aluminium oxide (including artificial corundum); aluminium hydroxide into Latvia was estimated at 189 tons, increasing by 7.8% compared with the previous year's figure. Over the period under review, imports, however, recorded a sharp contraction.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $361K in 2022. Overall, imports, however, faced a dramatic shrinkage.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 84.3 | 164 | 197 | 193 | 31.8% |
| Estonia | 29.2 | 8.5 | 18.9 | 36.9 | 8.1% |
| Germany | 45.1 | 31.2 | 37.5 | 31.8 | -11.0% |
| China | N/A | 0.5 | N/A | 25.2 | 609.9% |
| Lithuania | 69.2 | 4.7 | 6.9 | 6.1 | -55.5% |
| Iran | 1,166 | N/A | N/A | N/A | 0% |
| Turkey | 23.8 | N/A | N/A | N/A | 0% |
| Others | 34.3 | 52.6 | 45.3 | 68.4 | 25.9% |
| Total | 1,452 | 261 | 305 | 361 | -37.1% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Latvia in 2022:
- Netherlands (133.3 tons)
- China (20.1 tons)
- Lithuania (10.2 tons)
- Germany (9.6 tons)
- Estonia (7.8 tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia
For the third year in a row, Latvia recorded decline in overseas shipments of aluminium oxide (including artificial corundum); aluminium hydroxide, which decreased by 0% to 15 tons in 2022. In general, exports recorded a significant decline. The smallest decline of -86.9% was in 2020.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $60K in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -80.7% was in 2020.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.3 | 10.6 | N/A | 56.7 | 136.2% |
| Russia | 6.9 | 7.6 | N/A | 2.3 | -30.7% |
| Sweden | 155 | N/A | N/A | N/A | 0% |
| Ukraine | 1.6 | 14.2 | N/A | N/A | 787.5% |
| Others | 0.1 | N/A | N/A | 1.2 | 128.9% |
| Total | 168 | 32.4 | N/A | 60.2 | -29.0% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Latvia in 2022:
- Lithuania (14.4 tons)
- Russia (0.4 tons)
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