Price for Copper Tube or Pipe Fitting in Latvia - 2023
Contents:
- Price for Copper Tube or Pipe Fitting in Latvia (CIF) - 2022
- Price for Copper Tube or Pipe Fitting in Latvia (FOB) - 2022
- Imports of Copper Tube or Pipe Fitting in Latvia
- Exports of Copper Tube or Pipe Fitting in Latvia
Price for Copper Tube or Pipe Fitting in Latvia (CIF) - 2022
The average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $23,953 per ton in 2022, growing by 16% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price increased by +41.2% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 21%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($102,214 per ton), while the price for Italy ($18,790 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Tube or Pipe Fitting in Latvia (FOB) - 2022
The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $25,441 per ton in 2022, falling by -2.7% against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2016 an increase of 161% against the previous year. The export price peaked at $50,777 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($44,268 per ton), while the average price for exports to France ($9,588 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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Tube or Pipe Fitting in Latvia
In 2022, purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper decreased by -12.4% to 27 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. As a result, imports reached the peak of 34 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, copper tube or pipe fitting imports rose to $636K in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Copper Tube or Pipe Fitting in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 34.9 | 61.6 | 124 | 236 | 89.1% |
| Germany | 230 | 286 | 316 | 192 | -5.8% |
| Italy | 74.9 | 80.9 | 96.9 | 92.8 | 7.4% |
| Lithuania | 17.8 | 40.9 | 45.0 | 48.9 | 40.1% |
| France | N/A | N/A | N/A | 32.0 | 0% |
| Finland | 12.0 | 3.0 | 3.4 | 8.4 | -11.2% |
| China | 14.0 | 20.7 | 3.6 | 7.2 | -19.9% |
| United Kingdom | 71.0 | 52.4 | 2.8 | N/A | -80.1% |
| Others | 13.4 | 42.3 | 32.7 | 19.2 | 12.7% |
| Total | 468 | 588 | 625 | 636 | 10.8% |
Top Suppliers of Copper Tube or Pipe Fitting to Latvia in 2022:
- Germany (9.2 tons)
- Poland (8.7 tons)
- Italy (4.9 tons)
- Lithuania (1.8 tons)
- France (0.8 tons)
- Finland (0.4 tons)
- China (0.3 tons)
Exports of Copper Tube or Pipe Fitting in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume decreased by -49.7% to 1.4 tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 103% against the previous year.
In value terms, copper tube or pipe fitting exports contracted markedly to $36K in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 96%.
| Export of Copper Tube or Pipe Fitting in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 5.6 | 10.1 | 13.2 | 14.0 | 35.7% |
| Russia | 17.7 | 31.1 | 41.8 | 10.2 | -16.8% |
| Sweden | N/A | 5.2 | 8.7 | 6.6 | 12.7% |
| Estonia | 2.3 | 4.1 | 8.7 | 2.8 | 6.8% |
| France | N/A | 0.1 | N/A | 1.5 | 287.3% |
| Others | 0.1 | N/A | 1.3 | 0.9 | 108.0% |
| Total | 25.7 | 50.5 | 73.7 | 36.1 | 12.0% |
Top Export Markets for Copper Tube or Pipe Fitting from Latvia in 2022:
- Lithuania (611.0 kg)
- Sweden (281.0 kg)
- Russia (231.0 kg)
- France (160.0 kg)
- Estonia (111.0 kg)
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This report provides an in-depth analysis of the market for copper pipe and fitting in Latvia.
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This report provides an in-depth analysis of the global market for copper pipe and fitting.
