Gold Compounds Price in Latvia - 2022
Contents:
Gold Compounds Price in Latvia (CIF) - 2022
In 2022, the average gold compounds import price amounted to $4,072,833 per ton, declining by -26.9% against the previous year. In general, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. Over the period under review, average import prices attained the maximum at $16,042,500 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($7,381,000 per ton), while the price for Germany ($329,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+80.5%), while the prices for the other major suppliers experienced a decline.
Gold Compounds Imports in Latvia
Gold compounds imports into Latvia totaled 6 kg in 2022, therefore, remained relatively stable against 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, gold compounds imports shrank sharply to $24K in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 23% against the previous year.
| Import of Gold Compounds in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 20.5 | 25.6 | 23.1 | 14.8 | -10.3% |
| Netherlands | 1.1 | 1.1 | 9.2 | 9.3 | 103.7% |
| Germany | 0.1 | 0.5 | 1.1 | 0.3 | 44.2% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 22.1 | 27.2 | 33.4 | 24.4 | 3.4% |
Top Suppliers of Gold Compounds to Latvia in 2022:
- Netherlands (3.0 kg)
- Sweden (2.0 kg)
- Germany (1.0 kg)
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