Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (CIF) - 2022
In 2022, the average import price for tube or pipe butt welding fittings of stainless steels amounted to $11,299 per ton, declining by -6.2% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 butt welding fittings of stainless steels increased by +15.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. As a result, import price attained the peak level of $12,042 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($55,205 per ton), while the price for Estonia ($4,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $37,482 per ton in 2022, surging by 64% against the previous year. Overall, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 111%. Over the period under review, the average export prices attained the peak figure at $60,375 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($127,000 per ton), while the average price for exports to Estonia ($13,422 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 Norway (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia
In 2022, imports of tube or pipe butt welding fittings of stainless steels into Latvia surged to 200 tons, increasing by 99% against 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe butt welding fittings of stainless steels surged to $2.3M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 27.9 | 2.5 | 33.3 | 716 | 195.0% |
| Netherlands | 26.5 | 76.6 | 117 | 331 | 132.0% |
| Italy | 68.6 | 28.5 | 133 | 254 | 54.7% |
| Poland | 65.0 | 358 | 115 | 240 | 54.6% |
| United Kingdom | 1.6 | 103 | 77.1 | 219 | 415.4% |
| Germany | 21.6 | 95.8 | 407 | 210 | 113.4% |
| Lithuania | 59.2 | 17.0 | 35.7 | 98.1 | 18.3% |
| Finland | 66.8 | 56.5 | 131 | 86.4 | 9.0% |
| Estonia | 81.8 | 109 | 69.7 | 68.6 | -5.7% |
| Others | 98.3 | 108 | 93.4 | 36.4 | -28.2% |
| Total | 517 | 954 | 1,212 | 2,261 | 63.5% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Latvia in 2022:
- Denmark (67.2 tons)
- Poland (32.9 tons)
- Italy (25.1 tons)
- Netherlands (17.0 tons)
- Estonia (15.6 tons)
- Lithuania (12.2 tons)
- Germany (11.6 tons)
- United Kingdom (8.6 tons)
- Finland (8.4 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of tube or pipe butt welding fittings of stainless steels, which increased by 66% to 16 tons in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 286%. 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 tube or pipe butt welding fittings of stainless steels surged to $593K in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 474% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 54.9 | 103 | 107 | 288 | 73.8% |
| Kazakhstan | N/A | N/A | N/A | 126 | 0% |
| Germany | 0.7 | 0.1 | 98.3 | 93.1 | 410.4% |
| Hungary | N/A | N/A | 10.3 | 48.7 | 372.8% |
| Israel | N/A | N/A | N/A | 21.8 | 0% |
| Lithuania | 2.6 | 0.7 | 0.9 | 11.2 | 62.7% |
| Belarus | N/A | 276 | N/A | 0.4 | -96.2% |
| Others | 9.9 | 11.9 | 0.9 | 3.8 | -27.3% |
| Total | 68.1 | 391 | 217 | 593 | 105.7% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Latvia in 2022:
- Russia (5.2 tons)
- Germany (4.7 tons)
- Kazakhstan (2.8 tons)
- Israel (1.3 tons)
- Hungary (1.1 tons)
- Lithuania (0.7 tons)
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