Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia - 2023

Contents:

1. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (CIF) - 2023
2. Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (FOB) - 2022
3. Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia
4. Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (CIF) - 2023

The average import price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $20,001 per ton in November 2023, growing by 13% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +2.1%. 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 reached the peak level of $20,992 per ton. From May 2023 to November 2023, the average import prices remained at a 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 Estonia ($37,255 per ton), while the price for Lithuania ($10,793 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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (FOB) - 2022

In 2022, the average export price for copper; tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $19,553 per ton, growing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($38,728 per ton), while the average price for exports to Estonia ($13,538 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 (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia

For the fourth year in a row, Latvia recorded growth in overseas purchases of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s, which increased by 7.8% to 657 tons in 2022. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $10M in 2022. The total import value increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) to Latvia in 2022:

1. Poland (186.6 tons)
2. Italy (170.7 tons)
3. China (102.7 tons)
4. Germany (54.7 tons)
5. Lithuania (51.1 tons)
6. Estonia (30.8 tons)
7. Spain (16.6 tons)

Exports of Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia

In 2022, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s from Latvia skyrocketed to 138 tons, with an increase of 22% against 2021. The total export volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of copper; tube or pipe fittings (eg couplings, elbows, sleeves)s soared to $2.7M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper; Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) from Latvia in 2022:

1. Lithuania (52.8 tons)
2. Russia (42.0 tons)
3. Estonia (26.5 tons)
4. Sweden (12.8 tons)

Source: IndexBox Market Intelligence Platform