Price for Tube or Pipe Flanges, Other than Stainless Steel in Latvia - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Latvia (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Latvia (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Latvia
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Latvia
Price for Tube or Pipe Flanges, Other than Stainless Steel in Latvia (CIF) - 2022
In 2022, the average import price for tube or pipe flanges, other than stainless steels amounted to $6,371 per ton, with a decrease of -7.4% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $6,883 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($18,700 per ton), while the price for China ($2,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Latvia (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $8,265 per ton, dropping by -27.1% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2013 when the average export price increased by 103%. The export price peaked at $11,871 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Germany ($24,637 per ton), while the average price for exports to Lithuania ($5,395 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 Ukraine (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Latvia
In 2022, overseas purchases of tube or pipe flanges, other than stainless steels were finally on the rise to reach 420 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 flanges, other than stainless steels skyrocketed to $2.7M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +75.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 336 | 372 | 596 | 722 | 29.0% |
| Denmark | 16.7 | 19.0 | 61.7 | 599 | 229.8% |
| Italy | 486 | 332 | 358 | 338 | -11.4% |
| Lithuania | 170 | 246 | 273 | 295 | 20.2% |
| China | 262 | 108 | 105 | 234 | -3.7% |
| Germany | 185 | 156 | 166 | 168 | -3.2% |
| Netherlands | 11.5 | 74.3 | 11.2 | 136 | 127.8% |
| Estonia | 71.8 | 67.0 | 88.5 | 93.5 | 9.2% |
| Others | 102 | 155 | 108 | 93.8 | -2.8% |
| Total | 1,641 | 1,531 | 1,768 | 2,678 | 17.7% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Latvia in 2022:
- Denmark (101.7 tons)
- China (101.7 tons)
- Lithuania (73.6 tons)
- Poland (38.6 tons)
- Italy (35.3 tons)
- Estonia (30.0 tons)
- Netherlands (17.8 tons)
- Germany (12.6 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Latvia
In 2022, exports of tube or pipe flanges, other than stainless steels from Latvia expanded notably to 55 tons, with an increase of 7.3% on the year before. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges, other than stainless steels reduced rapidly to $455K in 2022. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 9.6% against the previous year.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 27.3 | 88.7 | 293 | 145 | 74.5% |
| Estonia | 123 | 143 | 108 | 119 | -1.1% |
| Lithuania | 89.4 | 96.3 | 84.1 | 93.9 | 1.7% |
| Turkey | 50.4 | 10.2 | 23.0 | 25.5 | -20.3% |
| Germany | 35.5 | 27.4 | 27.8 | 22.7 | -13.8% |
| Finland | 22.9 | 46.8 | 27.9 | 22.2 | -1.0% |
| Belarus | 0.4 | 49.9 | 1.7 | 15.6 | 239.1% |
| Kazakhstan | 288 | 31.9 | N/A | 2.9 | -78.4% |
| Others | 16.5 | 37.0 | 17.0 | 8.9 | -18.6% |
| Total | 653 | 531 | 582 | 455 | -11.3% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Latvia in 2022:
- Lithuania (17.4 tons)
- Estonia (16.0 tons)
- Russia (14.0 tons)
- Finland (3.2 tons)
- Turkey (1.4 tons)
- Belarus (1.2 tons)
- Germany (0.9 tons)
- Kazakhstan (0.1 tons)
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