Latvia - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Latvia - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights

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Metal Link Chain Price in Latvia - 2023

Contents:

  1. Metal Link Chain Price in Latvia (CIF) - 2023
  2. Metal Link Chain Price in Latvia (FOB) - 2022
  3. Metal Link Chain Imports in Latvia
  4. Metal Link Chain Exports in Latvia

Metal Link Chain Price in Latvia (CIF) - 2023

The average metal link chain import price stood at $8,364 per ton in September 2023, growing by 92% against the previous month. In general, the import price showed noticeable growth. The pace of growth was the most pronounced in January 2023 when the average import price increased by 377% m-o-m. As a result, import price attained the peak level of $16,262 per ton. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($30,937 per ton), while the price for Sweden ($6,091 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced a decline.

Metal Link Chain Price in Latvia (FOB) - 2022

The average metal link chain export price stood at $9,183 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 42%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($12,655 per ton), while the average price for exports to Uzbekistan ($1,046 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 Russia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports in Latvia

Metal link chain imports into Latvia surged to 324 tons in 2022, rising by 25% compared with the previous year. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal link chain imports soared to $1.6M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.1% 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 +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Metal Link Chain in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Finland30337459556322.9%
Germany18823720833421.1%
China25.238.1158244113.1%
Ukraine91.710384.012510.9%
Czech Republic26.453.254.546.020.3%
United Kingdom26.713.829.037.411.9%
Others19421427128213.3%
Total8551,0341,4001,63324.1%

Top Suppliers of Metal Link Chain to Latvia in 2022:

  1. Finland (93.9 tons)
  2. Ukraine (77.2 tons)
  3. China (71.8 tons)
  4. Germany (48.6 tons)
  5. Czech Republic (9.3 tons)
  6. United Kingdom (6.0 tons)

Metal Link Chain Exports in Latvia

Metal link chain exports from Latvia shrank markedly to 148 tons in 2022, waning by -50.6% on the year before. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 5.4%.

In value terms, metal link chain exports fell dramatically to $1.4M in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $2.2M, and then fell remarkably in the following year.

Export of Metal Link Chain in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1,6031,6521,9191,078-12.4%
Ukraine65.610599.013226.2%
Lithuania56.947.561.863.93.9%
Estonia20.722.349.328.711.5%
Uzbekistan50.440.840.225.1-20.7%
Others40.311.726.930.0-9.4%
Total1,8371,8792,1961,357-9.6%

Top Export Markets for Metal Link Chain from Latvia in 2022:

  1. Russia (85.2 tons)
  2. Ukraine (26.9 tons)
  3. Uzbekistan (24.0 tons)
  4. Lithuania (5.8 tons)
  5. Estonia (3.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal link 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 28152170 - Iron or steel articulated link chain (excluding roller chain)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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