Price for Copper Alloy Tube or Pipe Fitting in Latvia - 2023
Contents:
- Price for Copper Alloy Tube or Pipe Fitting in Latvia (CIF) - 2023
- Price for Copper Alloy Tube or Pipe Fitting in Latvia (FOB) - 2023
- Imports of Copper Alloy Tube or Pipe Fitting in Latvia
- Exports of Copper Alloy Tube or Pipe Fitting in Latvia
Price for Copper Alloy Tube or Pipe Fitting in Latvia (CIF) - 2023
In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $17,044 per ton, which is down by -12.4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 48% month-to-month. As a result, import price attained the peak level of $20,597 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($34,028 per ton), while the price for Lithuania ($9,179 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 Poland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Alloy Tube or Pipe Fitting in Latvia (FOB) - 2023
In December 2023, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $17,378 per ton, declining by -12.3% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 40% against the previous month. Over the period under review, the average export prices attained the maximum at $23,330 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Germany ($43,543 per ton), while the average price for exports to Estonia ($13,452 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Alloy Tube or Pipe Fitting in Latvia
In 2022, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys into Latvia stood at 630 tons, increasing by 9.2% compared with the previous year. The total import volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys surged to $9.7M in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Copper Alloy Tube or Pipe Fitting in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.5 | 1.9 | 2.3 | 2.8 | 23.1% |
| Poland | 0.6 | 0.8 | 1.1 | 1.5 | 35.7% |
| Germany | 1.1 | 1.0 | 1.1 | 1.2 | 2.9% |
| China | 0.6 | 0.7 | 0.7 | 1.2 | 26.0% |
| Estonia | 0.9 | 1.0 | 1.1 | 1.0 | 3.6% |
| Lithuania | 0.6 | 0.7 | 0.8 | 0.8 | 10.1% |
| Spain | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Others | 1.1 | 0.9 | 0.9 | 0.9 | -6.5% |
| Total | 6.7 | 7.3 | 8.2 | 9.7 | 13.1% |
Top Suppliers of Copper Alloy Tube or Pipe Fitting to Latvia in 2022:
- Poland (177.6 tons)
- Italy (165.6 tons)
- China (102.3 tons)
- Lithuania (49.3 tons)
- Germany (45.4 tons)
- Estonia (30.7 tons)
- Spain (16.5 tons)
Exports of Copper Alloy Tube or Pipe Fitting in Latvia
In 2022, approx. 137 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were exported from Latvia; surging by 24% against the year before. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys skyrocketed to $2.7M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Copper Alloy Tube or Pipe Fitting in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 30.4 | 174 | 360 | 949 | 214.9% |
| Lithuania | 505 | 616 | 604 | 765 | 14.8% |
| Sweden | 340 | 316 | 416 | 480 | 12.2% |
| Estonia | 206 | 189 | 305 | 357 | 20.1% |
| Uzbekistan | N/A | 151 | 12.7 | 0.4 | -94.9% |
| Others | 85.6 | 38.5 | 91.8 | 121 | 12.2% |
| Total | 1,167 | 1,484 | 1,789 | 2,672 | 31.8% |
Top Export Markets for Copper Alloy Tube or Pipe Fitting from Latvia in 2022:
- Lithuania (52.3 tons)
- Russia (41.9 tons)
- Estonia (26.5 tons)
- Sweden (12.5 tons)
145
This report provides an in-depth analysis of the market for copper pipe and fitting in Latvia.
601
This report provides an in-depth analysis of the global market for copper pipe and fitting.
