Price for Tube or Pipe Flanges of Stainless Steel in Latvia - 2024
Contents:
- Price for Tube or Pipe Flanges of Stainless Steel in Latvia (CIF) - 2022
- Price for Tube or Pipe Flanges of Stainless Steel in Latvia (FOB) - 2022
- Imports of Tube or Pipe Flanges of Stainless Steel in Latvia
- Exports of Tube or Pipe Flanges of Stainless Steel in Latvia
Price for Tube or Pipe Flanges of Stainless Steel in Latvia (CIF) - 2022
In 2022, the average import price for tube or pipe flanges of stainless steels amounted to $11,473 per ton, growing by 14% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 flanges of stainless steels increased by +6.2% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 41%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($12,711 per ton) and Poland ($11,705 per ton), while the price for the Netherlands ($8,799 per ton) and Lithuania ($9,395 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges of Stainless Steel in Latvia (FOB) - 2022
The average export price for tube or pipe flanges of stainless steels stood at $17,935 per ton in 2022, rising by 34% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 91%. As a result, the export price attained the peak level of $22,470 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($28,305 per ton), while the average price for exports to Uzbekistan ($6,857 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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges of Stainless Steel in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of tube or pipe flanges of stainless steels, when their volume decreased by -24.5% to 126 tons. In general, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year.
In value terms, imports of tube or pipe flanges of stainless steels shrank to $1.4M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year.
| Import of Tube or Pipe Flanges of Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 150 | 280 | 774 | 440 | 43.1% |
| Sweden | 257 | 277 | 345 | 334 | 9.1% |
| Poland | 65.1 | 346 | 108 | 266 | 59.9% |
| Netherlands | 21.7 | 108 | 40.0 | 132 | 82.5% |
| Estonia | 173 | 186 | 119 | 66.3 | -27.4% |
| Lithuania | 42.6 | 37.2 | 105 | 63.5 | 14.2% |
| Czech Republic | 12.6 | 13.3 | 13.4 | 55.7 | 64.1% |
| Others | 136 | 64.3 | 173 | 86.0 | -14.2% |
| Total | 858 | 1,312 | 1,677 | 1,443 | 18.9% |
Top Suppliers of Tube or Pipe Flanges of Stainless Steel to Latvia in 2022:
- Italy (34.6 tons)
- Sweden (29.0 tons)
- Poland (22.7 tons)
- Netherlands (15.0 tons)
- Estonia (6.8 tons)
- Lithuania (6.8 tons)
- Czech Republic (5.6 tons)
Exports of Tube or Pipe Flanges of Stainless Steel in Latvia
In 2022, exports of tube or pipe flanges of stainless steels from Latvia surged to 34 tons, rising by 59% against 2021 figures. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 177%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tube or pipe flanges of stainless steels skyrocketed to $612K in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 130% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Tube or Pipe Flanges of Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 166 | 59.7 | 164 | 304 | 22.3% |
| Kazakhstan | N/A | N/A | N/A | 110 | 0% |
| Estonia | 19.9 | 4.1 | 56.9 | 86.6 | 63.3% |
| Lithuania | 3.6 | 2.8 | 35.7 | 41.1 | 125.2% |
| Finland | N/A | 18.4 | 26.3 | 27.3 | 21.8% |
| Turkey | N/A | N/A | N/A | 25.5 | 0% |
| Norway | 12.0 | 19.4 | 0.5 | N/A | -79.6% |
| Others | 10.2 | 19.8 | 2.6 | 16.8 | 18.1% |
| Total | 212 | 124 | 286 | 612 | 42.4% |
Top Export Markets for Tube or Pipe Flanges of Stainless Steel from Latvia in 2022:
- Russia (10.8 tons)
- Estonia (9.3 tons)
- Kazakhstan (4.8 tons)
- Lithuania (4.6 tons)
- Finland (2.7 tons)
- Turkey (1.2 tons)
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