Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (CIF) - 2024
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (FOB) - 2024
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (CIF) - 2024
In January 2024, the average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $27,888 per ton, picking up by 18% against the previous month. Overall, import price indicated a temperate increase from January 2023 to January 2024: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors increased by +48.4% against October 2023 indices. The pace of growth was the most pronounced in August 2023 an increase of 57% against the previous month. As a result, import price reached the peak level of $32,195 per ton. From September 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($150K per ton), while the price for the Czech Republic ($6,868 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (FOB) - 2024
In January 2024, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $60,086 per ton, reducing by -12.9% against the previous month. In general, export price indicated a modest increase from January 2023 to January 2024: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors decreased by -44.5% against September 2023 indices. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 45% against the previous month. Over the period under review, the average export prices attained the peak figure at $108K per ton in September 2023; however, from October 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($230K per ton), while the average price for exports to Ukraine ($13,740 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+20.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia
In 2022, purchases abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors decreased by -8.4% to 884 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $20M in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 61%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 4.5 | 6.4 | 4.6 | 3.9% |
| Germany | 1.2 | 1.1 | 2.1 | 2.8 | 32.6% |
| Lithuania | 1.0 | 0.8 | 1.9 | 1.9 | 23.9% |
| Czech Republic | 0.6 | 0.8 | 1.6 | 1.4 | 32.6% |
| Poland | 0.5 | 0.8 | 1.0 | 1.1 | 30.1% |
| France | 1.0 | 0.2 | 1.8 | 1.1 | 3.2% |
| Finland | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
| Hungary | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Netherlands | 0.4 | 0.5 | 1.2 | 0.6 | 14.5% |
| Estonia | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Sweden | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Austria | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 1.3 | 2.6 | 2.4 | 3.6 | 40.4% |
| Total | 11.3 | 12.4 | 20.0 | 20.3 | 21.6% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Latvia in 2022:
- China (306.2 tons)
- Czech Republic (91.0 tons)
- Lithuania (59.9 tons)
- Estonia (57.7 tons)
- Poland (57.1 tons)
- Germany (54.7 tons)
- Hungary (48.7 tons)
- Turkey (33.8 tons)
- Sweden (26.8 tons)
- Austria (25.3 tons)
- Netherlands (21.0 tons)
- Finland (20.0 tons)
- France (18.9 tons)
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia
For the fourth consecutive year, Latvia recorded growth in shipments abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors, which increased by 9.4% to 356 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +75.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors rose remarkably to $13M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 59%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 991 | 458 | 3,353 | 5,019 | 71.7% |
| Lithuania | 896 | 924 | 1,306 | 2,023 | 31.2% |
| Estonia | 514 | 562 | 669 | 1,008 | 25.2% |
| Russia | 292 | 1,862 | 2,555 | 793 | 39.5% |
| Germany | 406 | 602 | 777 | 679 | 18.7% |
| France | 1,882 | 1,168 | 980 | 582 | -32.4% |
| Poland | 122 | 228 | 390 | 393 | 47.7% |
| Sweden | 107 | 31.5 | 192 | 369 | 51.1% |
| Ukraine | 37.0 | 48.5 | 82.9 | 70.0 | 23.7% |
| Others | 1,181 | 1,687 | 1,742 | 1,947 | 18.1% |
| Total | 6,428 | 7,571 | 12,046 | 12,886 | 26.1% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Latvia in 2022:
- Lithuania (174.6 tons)
- Estonia (53.2 tons)
- France (22.5 tons)
- Russia (21.9 tons)
- Germany (14.3 tons)
- United Kingdom (13.7 tons)
- Sweden (12.1 tons)
- Poland (11.2 tons)
- Ukraine (4.6 tons)
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