Price for Winding Wire of Copper in Latvia - 2024
Contents:
- Price for Winding Wire of Copper in Latvia (CIF) - 2024
- Price for Winding Wire of Copper in Latvia (FOB) - 2022
- Imports of Winding Wire of Copper in Latvia
- Exports of Winding Wire of Copper in Latvia
Price for Winding Wire of Copper in Latvia (CIF) - 2024
The average winding wire of copper import price stood at $6,622 per ton in January 2024, reducing by -23.4% against the previous month. Overall, the import price saw a perceptible downturn. The pace of growth was the most pronounced in October 2023 when the average import price increased by 47% month-to-month. The import price peaked at $12,782 per ton in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Estonia ($18,608 per ton), while the price for Sweden ($1,821 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Ukraine (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Latvia (FOB) - 2022
The average winding wire of copper export price stood at $15,815 per ton in 2022, picking up by 23% against the previous year. Overall, the export price saw a noticeable increase. The growth pace was the most rapid in 2017 an increase of 98% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($34,012 per ton), while the average price for exports to Lithuania ($11,208 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 Lithuania (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Latvia
In 2022, purchases abroad of winding wire of coppers decreased by -0.9% to 723 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of 729 tons, leveling off in the following year.
In value terms, winding wire of copper imports rose rapidly to $7.9M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Winding Wire of Copper in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | 1,966 | 2,407 | 2,545 | 2,880 | 13.6% |
Germany | 33.0 | 38.1 | 2,215 | 2,190 | 304.9% |
Russia | 633 | 581 | 686 | 743 | 5.5% |
Estonia | 342 | 50.4 | 647 | 513 | 14.5% |
Sweden | 0.7 | 62.8 | 211 | 403 | 731.9% |
Bulgaria | N/A | N/A | N/A | 309 | 0% |
Denmark | N/A | 8.2 | 714 | 302 | 506.9% |
China | 83.1 | 86.5 | 83.0 | 222 | 38.8% |
Lithuania | 112 | 108 | 204 | 170 | 14.9% |
Others | 82.6 | 134 | 183 | 146 | 20.9% |
Total | 3,252 | 3,477 | 7,489 | 7,879 | 34.3% |
Top Suppliers of Winding Wire of Copper to Latvia in 2022:
- Germany (242.7 tons)
- Moldova (223.6 tons)
- Estonia (58.7 tons)
- Sweden (43.1 tons)
- Russia (37.2 tons)
- China (34.2 tons)
- Bulgaria (30.8 tons)
- Denmark (24.1 tons)
- Lithuania (22.3 tons)
Exports of Winding Wire of Copper in Latvia
In 2022, overseas shipments of winding wire of coppers decreased by -17.9% to 12 tons, falling for the second year in a row after two years of growth. Overall, exports showed a sharp setback. The growth pace was the most rapid in 2020 with an increase of 5.6% against the previous year. As a result, the exports attained the peak of 29 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, winding wire of copper exports reached $190K in 2022. In general, exports continue to indicate a abrupt shrinkage.
Export of Winding Wire of Copper in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 140 | 97.3 | 96.1 | 115 | -6.3% |
Russia | 17.3 | 18.3 | 16.2 | 60.2 | 51.5% |
Lithuania | 92.4 | 104 | 38.9 | 14.2 | -46.4% |
Others | 0.2 | 2.6 | 37.4 | 0.5 | 35.7% |
Total | 250 | 222 | 189 | 190 | -8.7% |
Top Export Markets for Winding Wire of Copper from Latvia in 2022:
- Estonia (8.9 tons)
- Russia (1.8 tons)
- Lithuania (1.3 tons)
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