Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia (CIF) - 2022

In 2022, the average import price for tube or pipe fittings of non-malleable cast iron amounted to $5,698 per ton, growing by 23% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings of non-malleable cast iron increased by +92.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 71%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 France ($9,080 per ton), while the price for Belgium ($3,263 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $6,065 per ton, rising by 22% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 53%. As a result, the export price attained the peak level of $12,123 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($7,333 per ton), while the average price for exports to Iceland ($4,718 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 Poland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia

Imports of tube or pipe fittings of non-malleable cast iron into Latvia shrank slightly to 114 tons in 2022, waning by -2.1% against the previous year's figure. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of 116 tons, and then shrank slightly in the following year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron soared to $647K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Latvia in 2022:

1. Germany (35.7 tons)
2. Poland (30.2 tons)
3. Belgium (11.2 tons)
4. France (10.3 tons)
5. Lithuania (10.0 tons)
6. United Kingdom (4.5 tons)
7. Netherlands (3.5 tons)
8. Spain (2.7 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Latvia

In 2022, approx. 11 tons of tube or pipe fittings of non-malleable cast iron were exported from Latvia; with a decrease of -62.9% on the year before. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 948% against the previous year. As a result, the exports reached the peak of 30 tons, and then shrank significantly in the following year.

In value terms, exports of tube or pipe fittings of non-malleable cast iron fell sharply to $68K in 2022. Overall, exports, however, posted a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 412%. As a result, the exports reached the peak of $151K, and then contracted sharply in the following year.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Latvia in 2022:

1. Lithuania (4.6 tons)
2. Russia (4.5 tons)
3. Estonia (1.6 tons)
4. Iceland (0.4 tons)

Source: IndexBox Market Intelligence Platform