Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia - 2024
Contents:
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (CIF) - 2024
- Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (FOB) - 2022
- Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia
- Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (CIF) - 2024
The average import price for copper; copper-tin base alloys (bronze) unwroughts stood at $2,602 per ton in March 2024, with a decrease of -66.2% against the previous month. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in October 2023 when the average import price increased by 15% against the previous month. The import price peaked at $8,112 per ton in January 2024; however, from February 2024 to March 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Estonia.
From March 2023 to March 2024, the rate of growth in terms of prices for Belarus amounted to +0.9% per month.
Price for Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (FOB) - 2022
The average export price for copper; copper-tin base alloys (bronze) unwroughts stood at $7,746 per ton in 2022, with an increase of 37% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for copper; copper-tin base alloys (bronze) unwroughts increased by +77.3% against 2020 indices. The export price peaked at $7,953 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($8,688 per ton) and Belgium ($7,977 per ton), while the average price for exports to China ($6,518 per ton) and Lithuania ($6,539 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia
For the third year in a row, Latvia recorded decline in purchases abroad of copper; copper-tin base alloys (bronze) unwroughts, which decreased by -6.3% to 381 tons in 2022. Over the period under review, imports saw a significant decrease.
In value terms, imports of copper; copper-tin base alloys (bronze) unwroughts stood at $2.8M in 2022. Overall, imports recorded a precipitous slump.
| Import of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 1,407 | 1,705 | 1,726 | 1,459 | 1.2% |
| Estonia | 61.0 | 83.4 | 120 | 645 | 119.5% |
| Germany | 48.7 | 21.2 | 238 | 481 | 114.6% |
| Russia | N/A | N/A | 84.7 | 190 | 124.3% |
| Lithuania | 13.2 | 903 | 619 | 6.9 | -19.4% |
| Norway | 1,966 | N/A | N/A | N/A | 0% |
| Others | 3,608 | 59.8 | 4.2 | 41.0 | -77.5% |
| Total | 7,104 | 2,773 | 2,792 | 2,822 | -26.5% |
Top Suppliers of Copper; Copper-Tin Base Alloys (Bronze) Unwrought to Latvia in 2022:
- Belarus (221.7 tons)
- Estonia (87.8 tons)
- Germany (44.7 tons)
- Russia (21.7 tons)
- Lithuania (1.1 tons)
Exports of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia
In 2022, the amount of copper; copper-tin base alloys (bronze) unwroughts exported from Latvia fell remarkably to 102 tons, waning by -73.7% compared with the previous year's figure. Overall, exports faced a precipitous decline. The smallest decline of -30.4% was in 2021.
In value terms, exports of copper; copper-tin base alloys (bronze) unwroughts fell notably to $788K in 2022. Over the period under review, exports saw a precipitous decrease. The smallest decline of -9.9% was in 2021.
| Export of Copper; Copper-Tin Base Alloys (Bronze) Unwrought in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 996 | 1,013 | 1,148 | 286 | -34.0% |
| Poland | 41.1 | 33.4 | 251 | 273 | 88.0% |
| China | 671 | 1,184 | 580 | 148 | -39.6% |
| Lithuania | 69.0 | 14.6 | 19.5 | 49.4 | -10.5% |
| United States | 8.7 | 16.7 | 30.9 | 19.6 | 31.1% |
| Germany | 408 | 102 | 158 | 11.7 | -69.4% |
| Norway | 1,136 | 62.0 | N/A | N/A | -94.5% |
| Others | 3,331 | 1.0 | N/A | N/A | -100.0% |
| Total | 6,660 | 2,427 | 2,188 | 788 | -50.9% |
Top Export Markets for Copper; Copper-Tin Base Alloys (Bronze) Unwrought from Latvia in 2022:
- Belgium (35.8 tons)
- Poland (31.5 tons)
- China (22.8 tons)
- Lithuania (7.6 tons)
- United States (2.6 tons)
- Germany (1.5 tons)
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