Price for Copper Oxides and Hydroxides in Latvia - 2023

Contents:

1. Price for Copper Oxides and Hydroxides in Latvia (CIF) - 2022
2. Price for Copper Oxides and Hydroxides in Latvia (FOB) - 2022
3. Imports of Copper Oxides and Hydroxides in Latvia
4. Exports of Copper Oxides and Hydroxides in Latvia

Price for Copper Oxides and Hydroxides in Latvia (CIF) - 2022

The average copper oxides and hydroxides import price stood at $59,500 per ton in 2022, dropping by -6.2% against the previous year. Overall, the import price, however, saw significant growth. The growth pace was the most rapid in 2020 an increase of 333%. Over the period under review, average import prices attained the maximum at $63,417 per ton in 2021, and then declined in the following year.

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 ($68,000 per ton), while the price for the UK ($45,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+209.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Oxides and Hydroxides in Latvia (FOB) - 2022

In 2022, the average copper oxides and hydroxides export price amounted to $12,125 per ton, almost unchanged from the previous year. In general, the export price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +16.1% per year.

Imports of Copper Oxides and Hydroxides in Latvia

In 2022, supplies from abroad of copper oxides and hydroxideses decreased by -58.3% to 10 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 57 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper oxides and hydroxides imports shrank remarkably to $595 in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 487% against the previous year. As a result, imports attained the peak of $2.1K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Copper Oxides and Hydroxides to Latvia in 2022:

1. Germany (5.0 kg)
2. United Kingdom (3.0 kg)
3. Netherlands (2.0 kg)

Exports of Copper Oxides and Hydroxides in Latvia

In 2022, overseas shipments of copper oxides and hydroxideses decreased by 0% to 8 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 127% against the previous year. As a result, the exports attained the peak of 84 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper oxides and hydroxides exports totaled $97 in 2022. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 141% against the previous year. As a result, the exports attained the peak of $826. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Copper Oxides and Hydroxides from Latvia in 2022:

1. Estonia (8.0 kg)

Source: IndexBox Market Intelligence Platform