Price for Copper; Waste and Scrap in Latvia - 2023
Contents:
- Price for Copper; Waste and Scrap in Latvia (CIF) - 2023
- Price for Copper; Waste and Scrap in Latvia (FOB) - 2023
- Imports of Copper; Waste and Scrap in Latvia
- Exports of Copper; Waste and Scrap in Latvia
Price for Copper; Waste and Scrap in Latvia (CIF) - 2023
The average copper; waste and scrap import price stood at $5,020 per ton in December 2023, increasing by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The import price peaked at $5,280 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Bulgaria ($7,437 per ton), while the price for Belgium ($3,206 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Finland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Waste and Scrap in Latvia (FOB) - 2023
In December 2023, the average copper; waste and scrap export price amounted to $5,986 per ton, increasing by 14% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 an increase of 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,464 per ton in September 2023; however, from October 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($7,956 per ton), while the average price for exports to Slovenia ($2,075 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Waste and Scrap in Latvia
After three years of growth, purchases abroad of copper; waste and scraps decreased by -19.9% to 12K tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 15K tons, and then declined markedly in the following year.
In value terms, copper; waste and scrap imports dropped to $54M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of $62M, and then declined in the following year.
| Import of Copper; Waste and Scrap in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 7.2 | 19.2 | 14.9 | 56.3% |
| Lithuania | 2.9 | 2.1 | 9.0 | 10.2 | 52.1% |
| Poland | 5.8 | 6.7 | 10.1 | 9.0 | 15.8% |
| Finland | 8.2 | 11.0 | 12.9 | 7.7 | -2.1% |
| Estonia | 2.6 | 3.4 | 7.4 | 7.6 | 43.0% |
| Belgium | N/A | 0.1 | 0.7 | 2.5 | 400.0% |
| Others | 3.6 | 1.4 | 2.5 | 1.6 | -23.7% |
| Total | 27.0 | 31.8 | 61.7 | 53.6 | 25.7% |
Top Suppliers of Copper; Waste and Scrap to Latvia in 2022:
- Germany (2.8K tons)
- Finland (2.7K tons)
- Estonia (1.8K tons)
- Poland (1.6K tons)
- Lithuania (1.6K tons)
- Belgium (0.7K tons)
Exports of Copper; Waste and Scrap in Latvia
In 2022, overseas shipments of copper; waste and scraps decreased by -17.3% to 5.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 58%. As a result, the exports reached the peak of 6.6K tons, and then contracted markedly in the following year.
In value terms, copper; waste and scrap exports dropped to $33M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 113% against the previous year. As a result, the exports reached the peak of $38M, and then contracted in the following year.
| Export of Copper; Waste and Scrap in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.8 | 7.9 | 13.0 | 302.1% |
| Poland | 2.6 | 6.8 | 5.1 | 7.9 | 44.8% |
| Germany | 2.2 | 0.9 | 3.3 | 5.7 | 37.3% |
| Lithuania | 2.1 | 2.2 | 4.2 | 3.3 | 16.3% |
| Russia | 2.4 | 3.6 | 2.0 | 1.1 | -22.9% |
| Belgium | 0.4 | 0.6 | 0.2 | 0.7 | 20.5% |
| Ukraine | N/A | 0.6 | 9.8 | 0.4 | -18.4% |
| Netherlands | 1.4 | N/A | 0.2 | 0.2 | -47.7% |
| Others | 3.7 | 2.3 | 5.2 | 0.6 | -45.5% |
| Total | 15.1 | 17.8 | 37.9 | 32.9 | 29.6% |
Top Export Markets for Copper; Waste and Scrap from Latvia in 2022:
- China (2042.2 tons)
- Germany (1138.8 tons)
- Poland (1004.5 tons)
- Lithuania (640.2 tons)
- Belgium (252.8 tons)
- Russia (130.0 tons)
- Ukraine (43.6 tons)
- Netherlands (42.7 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
