Price for Zinc; Plates, Sheets, Strip and Foil in Latvia - 2023

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in Latvia (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in Latvia (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in Latvia
4. Exports of Zinc; Plates, Sheets, Strip and Foil in Latvia

Price for Zinc; Plates, Sheets, Strip and Foil in Latvia (CIF) - 2022

The average import price for zinc; plates, sheets, strip and foils stood at $4,534 per ton in 2022, growing by 106% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 172%. Over the period under review, average import prices reached the maximum at $6,217 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,500 per ton), while the price for Lithuania ($2,487 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in Latvia (FOB) - 2022

In 2022, the average export price for zinc; plates, sheets, strip and foils amounted to $6,196 per ton, dropping by -26.6% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2017 an increase of 91% against the previous year. Over the period under review, the average export prices reached the maximum at $28,085 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +69.5% per year.

Imports of Zinc; Plates, Sheets, Strip and Foil in Latvia

In 2022, approx. 22 tons of zinc; plates, sheets, strip and foils were imported into Latvia; jumping by 199% on 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 554% against the previous year. As a result, imports attained the peak of 29 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of zinc; plates, sheets, strip and foils skyrocketed to $99K in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 383% against the previous year. As a result, imports reached the peak of $99K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to Latvia in 2022:

1. Poland (16.3 tons)
2. Lithuania (5.5 tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in Latvia

For the third consecutive year, Latvia recorded growth in shipments abroad of zinc; plates, sheets, strip and foils, which increased by 1,475% to 4.3 tons in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 13,700%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of zinc; plates, sheets, strip and foils skyrocketed to $27K in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 4,063% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from Latvia in 2022:

1. Estonia (4.3 tons)

Source: IndexBox Market Intelligence Platform