Price for Iron Oxides and Hydroxides in Latvia - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Latvia (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Latvia (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Latvia
- Exports of Iron Oxides and Hydroxides in Latvia
Price for Iron Oxides and Hydroxides in Latvia (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,043 per ton in 2022, increasing by 49% against the previous year. Over the period under review, the import price enjoyed a perceptible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($11,654 per ton), while the price for Belgium ($1,344 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+89.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Latvia (FOB) - 2022
The average iron oxides and hydroxides export price stood at $4,836 per ton in 2022, falling by -9.1% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 an increase of 260% against the previous year. Over the period under review, the average export prices hit record highs at $17,873 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($25,682 per ton), while the average price for exports to Lithuania ($3,139 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 Estonia (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron Oxides and Hydroxides in Latvia
In 2022, after three years of growth, there was significant decline in purchases abroad of iron oxides and hydroxideses, when their volume decreased by -54.1% to 109 tons. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year.
In value terms, iron oxides and hydroxides imports contracted dramatically to $223K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 48%.
| Import of Iron Oxides and Hydroxides in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 27.0 | 83.3 | 111 | 86.0 | 47.1% |
| China | 21.8 | 19.4 | 26.7 | 39.5 | 21.9% |
| Estonia | 42.0 | 27.0 | 32.0 | 33.3 | -7.4% |
| Belgium | 11.7 | 57.8 | 22.5 | 32.9 | 41.1% |
| Lithuania | 35.3 | 47.5 | 11.0 | 9.6 | -35.2% |
| Netherlands | N/A | 15.2 | 46.3 | 0.9 | -75.7% |
| Denmark | N/A | N/A | 33.9 | N/A | 0% |
| Others | 54.5 | 35.5 | 43.8 | 21.1 | -27.1% |
| Total | 192 | 286 | 327 | 223 | 5.1% |
Top Suppliers of Iron Oxides and Hydroxides to Latvia in 2022:
- Germany (40.7 tons)
- Belgium (24.5 tons)
- China (21.2 tons)
- Estonia (15.7 tons)
- Lithuania (4.2 tons)
- Netherlands (0.7 tons)
Exports of Iron Oxides and Hydroxides in Latvia
In 2022, overseas shipments of iron oxides and hydroxideses decreased by -46.4% to 7.6 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 191% against the previous year. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron oxides and hydroxides exports contracted markedly to $37K in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 159%.
| Export of Iron Oxides and Hydroxides in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.5 | 15.0 | 20.5 | 12.9 | 72.8% |
| Lithuania | 11.3 | 31.1 | 21.0 | 11.5 | 0.6% |
| Finland | N/A | N/A | 3.9 | 6.4 | 64.1% |
| Others | 6.6 | 6.9 | 30.5 | 6.2 | -2.1% |
| Total | 20.5 | 53.0 | 75.9 | 37.0 | 21.8% |
Top Export Markets for Iron Oxides and Hydroxides from Latvia in 2022:
- Lithuania (3.7 tons)
- Estonia (3.4 tons)
- Finland (0.3 tons)
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