Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia (CIF) - 2022

In 2022, the average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $11,403 per ton, with an increase of 4.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($11,561 per ton) and Germany ($11,555 per ton), while the price for Poland ($10,774 per ton) and Ukraine ($10,923 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $46,991 per ton in 2022, increasing by 34% against the previous year. In general, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 82% against the previous year. The export price peaked at $64,204 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 country with the highest price was Denmark ($69,754 per ton), while the average price for exports to Lithuania stood at $46,821 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+183.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia

In 2022, supplies from abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -9.5% to 46 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, imports reached the peak of 74 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined to $525K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. As a result, imports reached the peak of $649K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Latvia in 2022:

1. United Kingdom (21.1 tons)
2. Ukraine (14.7 tons)
3. Germany (6.4 tons)
4. Poland (2.6 tons)
5. Lithuania (0.8 tons)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Latvia

In 2022, approx. 7.7 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were exported from Latvia; rising by 71% against the year before. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 185% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $361K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 417% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Latvia in 2022:

1. Lithuania (7.6 tons)
2. Denmark (0.1 tons)

Source: IndexBox Market Intelligence Platform