Latvia - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Chain Price in Latvia - 2023
Contents:
- Metal Chain Price in Latvia (CIF) - 2022
- Metal Chain Price in Latvia (FOB) - 2022
- Metal Chain Imports in Latvia
- Metal Chain Exports in Latvia
Metal Chain Price in Latvia (CIF) - 2022
The average metal chain import price stood at $3,721 per ton in 2022, increasing by 27% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal chain import price increased by +83.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($16,100 per ton), while the price for Lithuania ($1,540 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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Chain Price in Latvia (FOB) - 2022
The average metal chain export price stood at $2,333 per ton in 2022, dropping by -61.6% against the previous year. Over the period under review, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of 96%. As a result, the export price attained the peak level of $6,077 per ton, and then fell significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($13,098 per ton), while the average price for exports to Lithuania ($1,735 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 Finland (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Chain Imports in Latvia
For the third year in a row, Latvia recorded decline in purchases abroad of iron or steel chain, which decreased by -35.9% to 54 tons in 2022. Over the period under review, imports continue to indicate a dramatic curtailment. The smallest decline of -25% was in 2020.
In value terms, metal chain imports dropped sharply to $202K in 2022. In general, imports saw a drastic downturn. The smallest decline of -5.5% was in 2020.
| Import of Metal Chain in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 223 | 12.8 | 22.1 | 68.0 | -32.7% |
| Germany | 32.5 | 4.5 | 41.8 | 30.0 | -2.6% |
| Netherlands | 21.0 | 91.0 | 73.1 | 23.3 | 3.5% |
| Poland | 16.5 | 45.9 | 26.2 | 20.0 | 6.6% |
| Estonia | 0.3 | 0.9 | 4.0 | 17.7 | 289.3% |
| Lithuania | 60.5 | 111 | 39.5 | 16.0 | -35.8% |
| Italy | 2.7 | 22.2 | 24.9 | 13.4 | 70.6% |
| Others | 15.2 | 62.5 | 17.3 | 13.7 | -3.4% |
| Total | 371 | 351 | 249 | 202 | -18.3% |
Top Suppliers of Metal Chain to Latvia in 2022:
- China (25.4 tons)
- Lithuania (10.4 tons)
- Germany (5.3 tons)
- Poland (4.3 tons)
- Netherlands (4.1 tons)
- Italy (2.6 tons)
- Estonia (1.1 tons)
Metal Chain Exports in Latvia
In 2022, overseas shipments of iron or steel chain decreased by -30.1% to 12 tons, falling for the second year in a row after two years of growth. In general, exports showed a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of 65 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, metal chain exports declined remarkably to $28K in 2022. Over the period under review, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 61%. As a result, the exports reached the peak of $202K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Metal Chain in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 16.7 | 11.5 | 28.6 | 17.6 | 1.8% |
| Russia | 10.4 | 25.4 | 11.9 | 4.9 | -22.2% |
| Estonia | 0.6 | 3.5 | 6.5 | 3.5 | 80.0% |
| Spain | 44.6 | 13.7 | 50.4 | 0.2 | -83.5% |
| Finland | N/A | 11.3 | 0.2 | 0.1 | -90.6% |
| Cyprus | 13.9 | N/A | 0.1 | N/A | -91.5% |
| Malta | N/A | 29.1 | N/A | N/A | 0% |
| Portugal | N/A | 17.3 | N/A | N/A | 0% |
| Netherlands | N/A | 3.3 | N/A | N/A | 0% |
| Others | 39.5 | 87.3 | 6.8 | 1.7 | -65.0% |
| Total | 126 | 202 | 105 | 28.0 | -39.4% |
Top Export Markets for Metal Chain from Latvia in 2022:
- Lithuania (10.1 tons)
- Estonia (1.3 tons)
- Russia (0.4 tons)
This report provides an in-depth analysis of the metal chain 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 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
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
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In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
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In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
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In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
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In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
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In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
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In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
