Price for Copper Plates, Sheets and Strip in Latvia - 2023
Contents:
- Price for Copper Plates, Sheets and Strip in Latvia (CIF) - 2022
- Price for Copper Plates, Sheets and Strip in Latvia (FOB) - 2022
- Imports of Copper Plates, Sheets and Strip in Latvia
- Exports of Copper Plates, Sheets and Strip in Latvia
Price for Copper Plates, Sheets and Strip in Latvia (CIF) - 2022
The average import price for copper plates, sheets and strips stood at $14,227 per ton in 2022, increasing by 14% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper plates, sheets and strip import price increased by +69.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Italy ($21,111 per ton), while the price for Estonia ($11,396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Plates, Sheets and Strip in Latvia (FOB) - 2022
The average export price for copper plates, sheets and strips stood at $24,770 per ton in 2022, with an increase of 5.8% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 193% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($204,744 per ton), while the average price for exports to Finland ($8,973 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 Estonia (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Plates, Sheets and Strip in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of copper plates, sheets and strips, when their volume decreased by -50.5% to 104 tons. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports attained the peak of 211 tons, and then dropped rapidly in the following year.
In value terms, copper plates, sheets and strip imports fell notably to $1.5M in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, imports reached the peak of $2.6M, and then dropped rapidly in the following year.
| Import of Copper Plates, Sheets and Strip in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 127 | 77.0 | 75.2 | 244 | 24.3% |
| Estonia | 6.5 | 319 | 429 | 204 | 215.4% |
| Lithuania | 97.2 | 131 | 151 | 200 | 27.2% |
| Italy | 61.6 | 13.8 | 42.2 | 181 | 43.2% |
| Poland | 220 | 149 | 215 | 180 | -6.5% |
| Ukraine | 189 | 155 | 148 | 166 | -4.2% |
| Germany | 158 | 415 | 1,258 | 112 | -10.8% |
| Netherlands | 116 | 79.2 | 186 | 74.9 | -13.6% |
| Others | 183 | 308 | 120 | 124 | -12.2% |
| Total | 1,160 | 1,647 | 2,624 | 1,485 | 8.6% |
Top Suppliers of Copper Plates, Sheets and Strip to Latvia in 2022:
- United Kingdom (20.0 tons)
- Estonia (17.9 tons)
- Poland (14.9 tons)
- Ukraine (14.3 tons)
- Lithuania (10.3 tons)
- Italy (8.6 tons)
- Germany (7.9 tons)
- Netherlands (6.1 tons)
Exports of Copper Plates, Sheets and Strip in Latvia
In 2022, overseas shipments of copper plates, sheets and strips increased by 117% to 29 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a significant curtailment.
In value terms, copper plates, sheets and strip exports skyrocketed to $709K in 2022. In general, exports, however, faced a dramatic contraction.
| Export of Copper Plates, Sheets and Strip in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 46.7 | 80.0 | 185 | 392 | 103.2% |
| Russia | N/A | 10.3 | 35.7 | 238 | 380.7% |
| Finland | 1,358 | 327 | 4.6 | 12.3 | -79.2% |
| Poland | 40.7 | 11.6 | N/A | N/A | -71.5% |
| Others | 126 | 46.0 | 84.4 | 66.8 | -19.1% |
| Total | 1,572 | 475 | 309 | 709 | -23.3% |
Top Export Markets for Copper Plates, Sheets and Strip from Latvia in 2022:
- Lithuania (22.4 tons)
- Russia (4.5 tons)
- Finland (1.4 tons)
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