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Latvia - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSemi-Manufactured Silver Price in Latvia - 2023
Contents:
- Semi-Manufactured Silver Price in Latvia (CIF) - 2022
- Semi-Manufactured Silver Price in Latvia (FOB) - 2022
- Semi-Manufactured Silver Imports in Latvia
- Semi-Manufactured Silver Exports in Latvia
Semi-Manufactured Silver Price in Latvia (CIF) - 2022
The average semi-manufactured silver import price stood at $386,984 per ton in 2022, surging by 65% against the previous year. Overall, the import price recorded resilient growth. The pace of growth was the most pronounced in 2018 an increase of 192%. As a result, import price attained the peak level of $621,610 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Estonia ($1,203,800 per ton), while the price for Russia ($69,966 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Semi-Manufactured Silver Price in Latvia (FOB) - 2022
The average semi-manufactured silver export price stood at $723,400 per ton in 2021, declining by -87.9% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 668% against the previous year. As a result, the export price reached the peak level of $5,962 per kg, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($789,600 per ton), while the average price for exports to Lithuania ($232,000 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+679.3%), while the prices for the other major destinations experienced a decline.
Semi-Manufactured Silver Imports in Latvia
In 2022, the amount of silver in semi-manufactured forms imported into Latvia shrank dramatically to 306 kg, which is down by -32.5% compared with the previous year's figure. In general, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year.
In value terms, semi-manufactured silver imports reached $118K in 2022. Overall, imports saw a noticeable downturn.
Import of Semi-Manufactured Silver in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | N/A | 12.3 | 55.5 | 351.2% |
Italy | 25.5 | 15.1 | 41.9 | 20.4 | -7.2% |
Lithuania | 45.7 | 41.0 | 15.8 | 19.1 | -25.2% |
Estonia | 42.2 | 11.4 | 14.5 | 12.0 | -34.2% |
Russia | 17.3 | 22.4 | 14.2 | 8.2 | -22.0% |
Others | 6.6 | 5.3 | 7.5 | 3.2 | -21.4% |
Total | 137 | 95.2 | 106 | 118 | -4.9% |
Top Suppliers of Semi-Manufactured Silver to Latvia in 2022:
- Russia (117.0 kg)
- Italy (84.0 kg)
- Poland (61.0 kg)
- Lithuania (20.0 kg)
- Estonia (10.0 kg)
Semi-Manufactured Silver Exports in Latvia
After three years of growth, shipments abroad of silver in semi-manufactured forms decreased by -44% to 14 kg in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,150%. As a result, the exports attained the peak of 25 kg, and then dropped rapidly in the following year.
In value terms, semi-manufactured silver exports dropped rapidly to $15K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,436%.
Export of Semi-Manufactured Silver in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Russia | N/A | 11.3 | 13.9 | 23.0% | |
Belarus | N/A | N/A | 3.9 | 0% | |
Lithuania | N/A | 0.7 | 0.2 | -71.4% | |
Finland | 0.3 | N/A | N/A | 0% | |
Estonia | 0.5 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 0.8 | 11.9 | 18.1 | 375.7% |
Top Export Markets for Semi-Manufactured Silver from Latvia in 2022:
- Russia (19.0 kg)
- Belarus (5.0 kg)
- Lithuania (1.0 kg)
This report provides an in-depth analysis of the semi-manufactured silver market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the semi-manufactured silver market in Latvia.
This report provides an in-depth analysis of the silver market in Latvia.
This report provides an in-depth analysis of the unwrought silver market in Latvia.
This report provides an in-depth analysis of the global semi-manufactured silver market.
This report provides an in-depth analysis of the global silver market.
This report provides an in-depth analysis of the global unwrought silver market.
This report provides an in-depth analysis of the semi-manufactured silver market in Latvia.
This report provides an in-depth analysis of the silver market in Latvia.
This report provides an in-depth analysis of the unwrought silver market in Latvia.
This report provides an in-depth analysis of the global semi-manufactured silver market.
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
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Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...