Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia - 2023

Contents:

  1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (FOB) - 2022
  2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (CIF) - 2022
  3. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia
  4. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $18,946 per ton in 2022, rising by 66% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% 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 tubing; flexible, with or without fittings, of base metals increased by +115.8% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($43,314 per ton), while the average price for exports to Denmark ($13,959 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 (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (CIF) - 2022

The average import price for tubing; flexible, with or without fittings, of base metals stood at $9,264 per ton in 2022, growing by 58% against the previous year. In general, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 96% against the previous year. The import price peaked at $10,424 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,149 per ton), while the price for Poland ($2,882 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia

For the fourth year in a row, Latvia recorded growth in shipments abroad of tubing; flexible, with or without fittings, of base metals, which increased by 95% to 297 tons in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tubing; flexible, with or without fittings, of base metals surged to $5.6M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania2192732652,270118.0%
Russia9.113389.11,007380.1%
Denmark1773273691,00478.3%
Finland26.634.544.0457158.0%
Poland262251435213-6.7%
Germany212167193124-16.4%
Estonia30.049.579.710350.9%
Spain91.156.610976.7-5.6%
Others3282421643754.6%
Total1,3551,5341,7485,63060.8%

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Latvia in 2022:

  1. Lithuania (109.8 tons)
  2. Denmark (71.9 tons)
  3. Russia (52.9 tons)
  4. Finland (25.7 tons)
  5. Poland (10.2 tons)
  6. Germany (6.8 tons)
  7. Estonia (6.5 tons)
  8. Spain (4.6 tons)

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia

In 2022, supplies from abroad of tubing; flexible, with or without fittings, of base metals decreased by -12.9% to 405 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 92%.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $3.8M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark39.717586.7879180.8%
Germany4694034295706.7%
Netherlands289323283259-3.6%
China17016518825214.0%
Italy87.092.322224240.6%
Sweden22.146.6176207110.8%
Czech Republic16681.41161823.1%
Lithuania46.133226917054.5%
South KoreaN/A45.113115384.2%
Turkey18.811.97.715099.8%
Poland267177214131-21.1%
France8.088.218385.2120.0%
Others3784184234757.9%
Total1,9612,3592,7283,75524.2%

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Latvia in 2022:

  1. Denmark (62.3 tons)
  2. Lithuania (55.0 tons)
  3. Czech Republic (45.6 tons)
  4. Poland (45.5 tons)
  5. Netherlands (38.5 tons)
  6. China (36.6 tons)
  7. Turkey (27.5 tons)
  8. Germany (19.6 tons)
  9. Italy (17.4 tons)
  10. Sweden (12.0 tons)
  11. South Korea (8.9 tons)
  12. France (8.5 tons)

Source: IndexBox Market Intelligence Platform

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