Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (CIF) - 2023
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (FOB) - 2023
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (CIF) - 2023
In November 2023, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $6,306 per ton, falling by -2.5% against the previous month. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in May 2023 an increase of 31% m-o-m. As a result, import price reached the peak level of $8,901 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($8,235 per ton), while the price for Russia ($4,618 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (FOB) - 2023
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $10,279 per ton in November 2023, with an increase of 104% against the previous month. Overall, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 223% m-o-m. As a result, the export price attained the peak level of $37,924 per ton. From February 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Russia ($52,685 per ton), while the average price for exports to France ($4,733 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into Latvia dropped to 2.6K tons, declining by -10.5% compared with the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 2.9K tons, and then reduced in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $19M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +69.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.7 | 2.8 | 3.0 | 4.3 | 16.8% |
| Lithuania | 1.9 | 1.9 | 2.5 | 2.9 | 15.1% |
| Germany | 3.0 | 2.3 | 3.4 | 2.9 | -1.1% |
| Denmark | 1.4 | 1.1 | 2.3 | 2.6 | 22.9% |
| Hungary | 0.8 | 0.5 | 1.1 | 1.3 | 17.6% |
| Turkey | 0.3 | 0.4 | 1.0 | 1.1 | 54.2% |
| Estonia | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| China | 0.8 | 0.5 | 0.4 | 0.4 | -20.6% |
| Others | 1.1 | 1.2 | 1.4 | 2.6 | 33.2% |
| Total | 12.2 | 11.0 | 15.7 | 18.5 | 14.9% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Latvia in 2022:
- Poland (571.7 tons)
- Lithuania (455.5 tons)
- Germany (413.3 tons)
- Denmark (396.7 tons)
- Hungary (207.1 tons)
- Turkey (152.5 tons)
- Estonia (67.1 tons)
- China (65.5 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia
Exports of aluminium; alloys, bars, rods and profiles, other than hollows from Latvia soared to 355 tons in 2022, jumping by 98% compared with the previous year's figure. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $2.3M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.5 | 64.7 | 102 | 669 | 168.7% |
| Russia | 96.4 | 218 | 335 | 257 | 38.7% |
| Romania | 340 | N/A | 139 | 249 | -9.9% |
| Turkey | 27.2 | 6.7 | 67.7 | 214 | 98.9% |
| Estonia | 133 | 70.7 | 191 | 206 | 15.7% |
| France | 2.3 | 1.9 | 53.4 | 176 | 324.5% |
| Brazil | N/A | 10.5 | 4.0 | 145 | 271.6% |
| Lithuania | 53.7 | 204 | 105 | 140 | 37.6% |
| Norway | 96.4 | 2.5 | 24.7 | 57.4 | -15.9% |
| India | 62.7 | 53.7 | 20.5 | 31.6 | -20.4% |
| Italy | 23.6 | 19.1 | 27.2 | 0.5 | -72.3% |
| Poland | 19.6 | 166 | 0.1 | 0.5 | -70.6% |
| Czech Republic | 62.1 | N/A | N/A | N/A | 0% |
| Others | 110 | 53.8 | 46.2 | 176 | 17.0% |
| Total | 1,061 | 872 | 1,116 | 2,324 | 29.9% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Latvia in 2022:
- Germany (141.8 tons)
- Turkey (45.7 tons)
- Romania (33.2 tons)
- Estonia (29.5 tons)
- France (25.4 tons)
- Brazil (17.8 tons)
- Russia (17.4 tons)
- Lithuania (12.9 tons)
- Norway (11.2 tons)
- India (4.5 tons)
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