Sulphates; of Aluminium Price in Latvia - 2023

Sulphates; of Aluminium Price in Latvia (CIF) - 2022

In 2022, the average sulphates; of aluminium import price amounted to $282 per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2015 an increase of 35% against the previous year. As a result, import price attained the peak level of $354 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to +0.8% per year.

Sulphates; of Aluminium Price in Latvia (FOB) - 2022

In 2022, the average sulphates; of aluminium export price amounted to $158 per ton, falling by -77.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 a decrease of -35.1% against the previous year. Over the period under review, the average export prices reached the maximum at $1,371 per ton in 2018; however, from 2019 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 Lithuania.

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to -77.6% per year.

Sulphates; of Aluminium Imports in Latvia

In 2022, purchases abroad of sulphates; of aluminia decreased by -5.6% to 1.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 11% against the previous year. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphates; of aluminium imports expanded sharply to $466K in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Sulphates; of Aluminium in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	4.2	1.7	2.7	427	366.7%
Finland	376	427	419	N/A	5.6%
Others	7.0	13.1	13.8	39.2	77.6%
Total	388	442	435	466	6.3%

Top Suppliers of Sulphates; of Aluminium to Latvia in 2022:

Estonia (1635.1 tons)

Sulphates; of Aluminium Exports in Latvia

In 2022, sulphates; of aluminium exports from Latvia surged to 9.9 tons, picking up by 2,952% compared with 2021. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of aluminium exports surged to $1.6K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.