Price for Cermets; Articles Thereof, Including Waste and Scrap in Latvia - 2024

Contents:

1. Price for Cermets; Articles Thereof, Including Waste and Scrap in Latvia (CIF) - 2022
2. Price for Cermets; Articles Thereof, Including Waste and Scrap in Latvia (FOB) - 2022
3. Imports of Cermets; Articles Thereof, Including Waste and Scrap in Latvia
4. Exports of Cermets; Articles Thereof, Including Waste and Scrap in Latvia

Price for Cermets; Articles Thereof, Including Waste and Scrap in Latvia (CIF) - 2022

The average import price for cermets; articles thereof, including waste and scrap stood at $10,439 per ton in 2022, which is down by -50.9% against the previous year. In general, the import price faced a significant contraction. The most prominent rate of growth was recorded in 2019 an increase of 73%. Over the period under review, average import prices hit record highs at $112,659 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($57,863 per ton), while the price for Estonia ($4,513 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-1.7%), while the prices for the other major suppliers experienced a decline.

Price for Cermets; Articles Thereof, Including Waste and Scrap in Latvia (FOB) - 2022

In 2022, the average export price for cermets; articles thereof, including waste and scrap amounted to $12,412 per ton, with a decrease of -33.4% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 417%. As a result, the export price reached the peak level of $118,722 per ton. From 2014 to 2022, the average export prices remained at a 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 Russia ($30,926 per ton), while the average price for exports to Germany ($6,185 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 Lithuania (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Cermets; Articles Thereof, Including Waste and Scrap in Latvia

In 2022, the amount of cermets; articles thereof, including waste and scrap imported into Latvia surged to 117 tons, jumping by 745% on the year before. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of cermets; articles thereof, including waste and scrap soared to $1.2M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cermets; Articles Thereof, Including Waste and Scrap to Latvia in 2022:

1. Poland (67.7 tons)
2. Belarus (26.0 tons)
3. Italy (8.5 tons)
4. Canada (5.6 tons)
5. Germany (4.0 tons)
6. Estonia (1.1 tons)
7. Lithuania (0.3 tons)

Exports of Cermets; Articles Thereof, Including Waste and Scrap in Latvia

In 2022, exports of cermets; articles thereof, including waste and scrap from Latvia soared to 15 tons, increasing by 156% on the previous year's figure. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,098%. As a result, the exports attained the peak of 120 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cermets; articles thereof, including waste and scrap soared to $182K in 2022. In general, exports showed strong growth. The growth pace was the most rapid in 2020 when exports increased by 724% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Cermets; Articles Thereof, Including Waste and Scrap from Latvia in 2022:

1. Germany (10.7 tons)
2. Lithuania (2.9 tons)
3. Estonia (0.5 tons)
4. Russia (0.4 tons)

Source: IndexBox Market Intelligence Platform