Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia - 2023

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia (CIF) - 2023
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia (CIF) - 2023

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $16,629 per ton in December 2023, growing by 23% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 273% m-o-m. Over the period under review, average import prices attained the peak figure at $24,807 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($46,222 per ton), while the price for Estonia ($7,696 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia (FOB) - 2022

The average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $7,330 per ton in 2022, with an increase of 12% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 an increase of 30%. Over the period under review, the average export prices hit record highs at $9,628 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belarus ($22,000 per ton), while the average price for exports to Estonia ($5,783 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 Lithuania (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia

In 2022, the amount of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds imported into Latvia expanded markedly to 174 tons, growing by 6.3% against the previous year's figure. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports reached the peak of 189 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $2M in 2022. The total import value increased at an average annual rate of +13.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to Latvia in 2022:

1. Austria (49.3 tons)
2. Germany (42.6 tons)
3. Poland (30.9 tons)
4. China (28.9 tons)
5. Czech Republic (11.2 tons)
6. Italy (4.3 tons)
7. Lithuania (2.7 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Latvia

In 2022, the amount of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds exported from Latvia contracted rapidly to 12 tons, reducing by -65.6% against the year before. In general, exports faced a dramatic decline. The smallest decline of -1.8% was in 2021.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds dropped notably to $90K in 2022. Over the period under review, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 9.4% against the previous year.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from Latvia in 2022:

1. Estonia (7.7 tons)
2. Lithuania (2.6 tons)
3. Romania (0.6 tons)
4. Russia (0.6 tons)
5. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform