Price for Aluminium Waste and Scrap in Latvia - 2024
Contents:
- Price for Aluminium Waste and Scrap in Latvia (FOB) - 2024
- Price for Aluminium Waste and Scrap in Latvia (CIF) - 2024
- Exports of Aluminium Waste and Scrap in Latvia
- Imports of Aluminium Waste and Scrap in Latvia
Price for Aluminium Waste and Scrap in Latvia (FOB) - 2024
In March 2024, the average aluminium waste and scrap export price amounted to $1,991 per ton, approximately reflecting the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 18% month-to-month. As a result, the export price attained the peak level of $2,460 per ton. From July 2023 to March 2024, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In March 2024, the countries with the highest prices were Estonia ($2,185 per ton) and Malaysia ($2,139 per ton), while the average price for exports to Thailand ($1,762 per ton) and Germany ($1,846 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Aluminium Waste and Scrap in Latvia (CIF) - 2024
In March 2024, the average aluminium waste and scrap import price amounted to $1,774 per ton, with an increase of 3.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $1,874 per ton. From August 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Finland ($2,384 per ton), while the price for Sweden ($1,516 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Sweden (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aluminium Waste and Scrap in Latvia
In 2022, approx. 17K tons of aluminium waste and scraps were exported from Latvia; rising by 19% against the previous year's figure. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, aluminium waste and scrap exports surged to $31M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 65% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Aluminium Waste and Scrap in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.8 | 4.2 | 6.6 | 7.2 | 14.5% |
| Hong Kong SAR | N/A | N/A | 0.6 | 4.8 | 700.0% |
| Estonia | 0.9 | 1.4 | 4.0 | 3.8 | 61.6% |
| India | 0.4 | 2.4 | 3.5 | 2.7 | 89.0% |
| Malaysia | N/A | 0.1 | 1.5 | 2.6 | 409.9% |
| Lithuania | 0.7 | 0.7 | 1.1 | 2.1 | 44.2% |
| Slovenia | N/A | 0.2 | 1.0 | 1.7 | 191.5% |
| Spain | N/A | 0.1 | 0.6 | 1.2 | 246.4% |
| Austria | 0.8 | 1.0 | 0.9 | 1.1 | 11.2% |
| Thailand | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| Vietnam | N/A | 0.1 | 0.6 | 0.8 | 182.8% |
| Netherlands | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Germany | 0.7 | 0.6 | 0.4 | 0.6 | -5.0% |
| Others | 4.3 | 5.0 | 5.1 | 0.9 | -40.6% |
| Total | 12.7 | 15.8 | 26.0 | 31.1 | 34.8% |
Top Export Markets for Aluminium Waste and Scrap from Latvia in 2022:
- Poland (3.6K tons)
- Hong Kong SAR (3.0K tons)
- Estonia (1.9K tons)
- India (1.7K tons)
- Malaysia (1.5K tons)
- Lithuania (1.4K tons)
- Slovenia (0.7K tons)
- Thailand (0.7K tons)
- Spain (0.7K tons)
- Austria (0.5K tons)
- Vietnam (0.5K tons)
- Netherlands (0.3K tons)
- Germany (0.3K tons)
Imports of Aluminium Waste and Scrap in Latvia
In 2022, aluminium waste and scrap imports into Latvia fell to 6.3K tons, with a decrease of -9.5% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of 7K tons, and then contracted in the following year.
In value terms, aluminium waste and scrap imports amounted to $11M in 2022. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Aluminium Waste and Scrap in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 3.2 | 2.2 | 4.4 | 4.3 | 10.4% |
| Lithuania | 2.3 | 2.7 | 4.5 | 4.1 | 21.3% |
| Poland | N/A | 0.2 | 0.4 | 2.2 | 231.7% |
| Finland | 0.5 | 0.5 | 0.5 | 0.4 | -7.2% |
| Hungary | 0.2 | 0.1 | 0.7 | 0.1 | -20.6% |
| Others | 0.9 | 0.3 | 0.3 | 0.2 | -39.4% |
| Total | 7.1 | 5.9 | 10.8 | 11.3 | 16.8% |
Top Suppliers of Aluminium Waste and Scrap to Latvia in 2022:
- Estonia (2.4K tons)
- Lithuania (2.2K tons)
- Poland (1.3K tons)
- Finland (0.2K tons)
- Hungary (0.1K tons)
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