Price for Aluminium; Tubes and Pipes in Latvia - 2023
Contents:
- Price for Aluminium; Tubes and Pipes in Latvia (CIF) - 2023
- Price for Aluminium; Tubes and Pipes in Latvia (FOB) - 2022
- Imports of Aluminium; Tubes and Pipes in Latvia
- Exports of Aluminium; Tubes and Pipes in Latvia
Price for Aluminium; Tubes and Pipes in Latvia (CIF) - 2023
In December 2023, the average aluminium; tubes and pipes import price amounted to $7,823 per ton, with a decrease of -17.4% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 52% m-o-m. As a result, import price attained the peak level of $9,467 per ton, and then contracted remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($24,880 per ton), while the price for Poland ($3,906 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Tubes and Pipes in Latvia (FOB) - 2022
The average aluminium; tubes and pipes export price stood at $3,649 per ton in 2022, reducing by -49.8% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 88%. As a result, the export price attained the peak level of $9,836 per ton. From 2014 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 Lithuania ($27,539 per ton), while the average price for exports to Norway ($2,772 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 the UK (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Tubes and Pipes in Latvia
In 2022, imports of aluminium; tubes and pipeses into Latvia reduced to 587 tons, shrinking by -7.8% compared with 2021 figures. Over the period under review, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 8.8%.
In value terms, aluminium; tubes and pipes imports skyrocketed to $3.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +68.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Aluminium; Tubes and Pipes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 789 | 654 | 984 | 1,250 | 16.6% |
| Lithuania | 480 | 393 | 782 | 904 | 23.5% |
| Belgium | 514 | 650 | 460 | 652 | 8.3% |
| Poland | 168 | 109 | 139 | 395 | 33.0% |
| Germany | 277 | 126 | 234 | 321 | 5.0% |
| Russia | 274 | 162 | 236 | 96.2 | -29.5% |
| Estonia | 43.5 | 63.9 | 34.7 | 48.3 | 3.6% |
| Others | 150 | 119 | 154 | 177 | 5.7% |
| Total | 2,696 | 2,277 | 3,024 | 3,843 | 12.5% |
Top Suppliers of Aluminium; Tubes and Pipes to Latvia in 2022:
- Italy (174.4 tons)
- Lithuania (164.2 tons)
- Belgium (100.3 tons)
- Poland (65.7 tons)
- Germany (36.8 tons)
- Russia (20.4 tons)
- Estonia (9.7 tons)
Exports of Aluminium; Tubes and Pipes in Latvia
In 2022, the amount of aluminium; tubes and pipeses exported from Latvia soared to 329 tons, jumping by 22% against the previous year. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 9,402%. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, aluminium; tubes and pipes exports declined remarkably to $1.2M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 7,426%. As a result, the exports attained the peak of $6.1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Aluminium; Tubes and Pipes in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 7.3 | 5,947 | 766 | 845 | 387.4% |
| United Kingdom | N/A | 0.1 | 881 | 131 | 3519.4% |
| Russia | 13.0 | 61.4 | 182 | 56.8 | 63.5% |
| Others | 60.5 | 74.1 | 136 | 167 | 40.3% |
| Total | 80.8 | 6,082 | 1,964 | 1,199 | 145.7% |
Top Export Markets for Aluminium; Tubes and Pipes from Latvia in 2022:
- Norway (304.7 tons)
- United Kingdom (9.6 tons)
- Russia (6.6 tons)
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