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)
605
This report provides an in-depth analysis of the wire and cable market in Latvia.
249
This report provides an in-depth analysis of the winding wire market in Latvia.
770
This report provides an in-depth analysis of the optical fiber cables market in Latvia.
153
This report provides an in-depth analysis of the insulated coaxial cable market in Latvia.
156
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships in Latvia.
206
This report provides an in-depth analysis of the market for optical fiber, bundle and cable in Latvia.
113
This report provides an in-depth analysis of the market for insulated electric conductors for a voltage over 1000 v in Latvia.
6048
This report provides an in-depth analysis of the global wire and cable market.
869
This report provides an in-depth analysis of the global winding wire market.
3787
This report provides an in-depth analysis of the global optical fiber cables market.
1092
Explore the top 10 countries dominating the wire and cable import market, including the United States, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
1004
In 2019, the global wire and cable market increased by 0.5% to $239.6B, rising for the third year in a row after two...
12961
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
2250
Global wire and cable imports totaled X tons in 2016, jumping by X% against the previous year level. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increa...
59
Explore the top import markets for winding wire in 2023, including the United States, Japan, Germany, and more. Learn about the key statistics and trends driving the global trade of this essential product.
187
The global market for optical fiber cables is projected to experience continuous growth over the next seven years, driven by increasing demand worldwide. With an anticipated CAGR of +3.9% in volume and +5.7% in value, the market is expected to reach 2.2M tons and $29.6B by the end of 2030 respectively.
584
Discover the top import markets for optical fiber cables worldwide, backed by key statistics. Learn about the booming demand for optical fiber cables and the countries driving this growth. Utilizing data from the IndexBox market intelligence platform.
1084
As countries implement 5G networks, the increased demand is predicted to significantly drive the market for optical fiber to reach 1.5M tons by 2030. This new generation of mobile broadband will require building dense networks of base stations connected by optical fiber cables. In the near future, the U.S., China, Japan and the EU should become the most lucrative markets for sales and distribution of fiber optics.
986
The global optical fiber cables market revenue amounted to $12.7B in 2017, growing by 4.6% against the previous year. This...
498
The U.S. took over second place in the global optical fiber cable trade. In 2014, the U.S. exported approximately X thousand tons of optical fiber cables totaling X billion USD, X% over the previous year. Its primary trading partner was its close
