Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia (CIF) - 2024
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia (CIF) - 2024

The average import price for sanitary ware and parts thereof, of iron or steel stood at $391 per unit in February 2024, growing by 67% against the previous month. In general, import price indicated buoyant growth from April 2023 to February 2024: its price increased at an average monthly rate of +8.6% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for sanitary ware and parts thereof, of iron or steel increased by +67.3% against January 2024 indices. The growth pace was the most rapid in October 2023 when the average import price increased by 80% m-o-m. Over the period under review, average import prices hit record highs in February 2024.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Estonia ($780 per unit), while the price for Lithuania ($204 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Estonia (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia (FOB) - 2022

The average export price for sanitary ware and parts thereof, of iron or steel stood at $12 per unit in 2022, surging by 20% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sanitary ware and parts thereof, of iron or steel increased by +132.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($14 per unit), while the average price for exports to Belarus ($8.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia

In 2022, imports of sanitary ware and parts thereof, of iron or steel into Latvia rose modestly to 357K units, growing by 3.3% compared with 2021. In general, imports, however, faced a abrupt descent. Imports peaked at 524K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sanitary ware and parts thereof, of iron or steel fell modestly to $4.7M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of $4.7M, and then fell in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Latvia in 2022:

1. China (68.2K units)
2. Estonia (59.5K units)
3. Germany (56.1K units)
4. Lithuania (51.2K units)
5. Poland (47.6K units)
6. Netherlands (11.9K units)
7. Czech Republic (11.9K units)
8. Turkey (10.4K units)
9. Italy (8.8K units)
10. Denmark (7.2K units)
11. Spain (6.0K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Latvia

In 2022, shipments abroad of sanitary ware and parts thereof, of iron or steel was finally on the rise to reach 244K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt slump. The exports peaked at 316K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel skyrocketed to $3M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% 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 +79.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Latvia in 2022:

1. Lithuania (109.3K units)
2. Russia (64.6K units)
3. Estonia (54.5K units)
4. Belarus (9.3K units)

Source: IndexBox Market Intelligence Platform