Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $7,241,490 per ton, waning by -23.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 69%. Over the period under review, average import prices attained the maximum at $11,659,032 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 the United States ($9,289,568 per ton), while the price for Estonia ($1,540,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+35.5%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (FOB) - 2022
In 2022, the average export price for articles of precious metal or of metal clad with precious metal amounted to $178,653 per ton, remaining stable against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 711%. Over the period under review, the average export prices attained the peak figure at $1,667,589 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($708,500 per ton), while the average price for exports to Germany ($61,000 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 Switzerland (+37.0%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia
After three years of growth, supplies from abroad of articles of precious metal or of metal clad with precious metal decreased by -65% to 743 kg in 2022. Overall, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of 2.1 tons, and then fell significantly in the following year.
In value terms, imports of articles of precious metal or of metal clad with precious metal shrank markedly to $5.4M in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of $20M, and then dropped dramatically in the following year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.0 | 9.7 | 19.3 | 5.0 | -20.6% |
| United States | N/A | N/A | 0.6 | 0.3 | -50.0% |
| Others | N/A | 0.6 | 0.2 | 0.1 | -59.2% |
| Total | 10.0 | 10.3 | 20.0 | 5.4 | -18.6% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Latvia in 2022:
- Russia (692.0 kg)
- United States (37.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of articles of precious metal or of metal clad with precious metal, when their volume decreased by -89.6% to 98 kg. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 224%.
In value terms, exports of articles of precious metal or of metal clad with precious metal dropped rapidly to $18K in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 246%.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 13.6 | 0% |
| Switzerland | 6.1 | 28.1 | N/A | 1.9 | -32.2% |
| Israel | N/A | N/A | N/A | 1.4 | 0% |
| Estonia | 7.6 | 6.1 | 77.8 | 0.5 | -59.6% |
| Germany | N/A | 39.5 | 33.0 | 0.1 | -95.0% |
| Italy | N/A | 23.4 | 58.3 | N/A | 149.1% |
| Others | 14.6 | 0.9 | 1.5 | N/A | -67.9% |
| Total | 28.3 | 98.1 | 171 | 17.5 | -14.8% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Latvia in 2022:
- Kazakhstan (84.0 kg)
- Switzerland (8.0 kg)
- Estonia (3.0 kg)
- Israel (2.0 kg)
- Germany (1.0 kg)
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