Report Update: May 1, 2024

Latvia - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Metal Spiral or Discs Spring in Latvia - 2023

Price for Metal Spiral or Discs Spring in Latvia (FOB) - 2022

The average export price for iron or steel flat spiral or discs springs stood at $13,800 per ton in 2022, waning by -26.7% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 83% against the previous year. As a result, the export price attained the peak level of $38,245 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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 Lithuania ($28,834 per ton), while the average price for exports to Russia ($6,751 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 China (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metal Spiral or Discs Spring in Latvia (CIF) - 2022

In 2022, the average import price for iron or steel flat spiral or discs springs amounted to $9,005 per ton, waning by -2.9% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spiral or discs spring import price increased by +16.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 56% against the previous year. The import price peaked at $12,484 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Estonia ($27,490 per ton), while the price for Italy ($4,358 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Metal Spiral or Discs Spring in Latvia

In 2022, exports of iron or steel flat spiral or discs springs from Latvia skyrocketed to 77 tons, jumping by 21% against 2021 figures. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 84% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal spiral or discs spring exports declined to $1.1M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. As a result, the exports reached the peak of $1.2M, and then reduced in the following year.

Export of Metal Spiral or Discs Spring in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	152	164	286	258	19.3%
Germany	66.4	148	192	208	46.3%
Denmark	154	141	210	188	6.9%
Poland	1.5	0.8	1.7	96.9	301.2%
Lithuania	73.4	86.0	66.2	64.6	-4.2%
Russia	8.7	61.4	143	53.8	83.5%
China	91.4	25.9	125	36.3	-26.5%
Estonia	10.6	13.5	13.7	18.6	20.6%
Finland	16.1	9.1	24.6	7.7	-21.8%
Others	27.3	46.6	141	131	68.7%
Total	601	696	1,203	1,063	20.9%

Top Export Markets for Metal Spiral or Discs Spring from Latvia in 2022:

Sweden (30.7 tons)
Germany (16.3 tons)
Russia (8.0 tons)
Denmark (6.7 tons)
Poland (6.7 tons)
Lithuania (2.2 tons)
Estonia (1.3 tons)
China (1.3 tons)
Finland (0.5 tons)

Imports of Metal Spiral or Discs Spring in Latvia

In 2022, metal spiral or discs spring imports into Latvia expanded sharply to 113 tons, surging by 12% on the previous year. The total import volume increased at an average annual rate of +13.1% 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 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal spiral or discs spring imports expanded notably to $1M in 2022. The total import value increased at an average annual rate of +10.9% 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 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Metal Spiral or Discs Spring in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	237	367	177	325	11.1%
Germany	229	129	450	192	-5.7%
Italy	17.0	28.5	38.1	62.5	54.3%
United Kingdom	67.3	25.4	49.8	46.4	-11.7%
Netherlands	1.5	44.7	39.0	44.5	209.6%
Lithuania	14.6	21.9	26.7	34.3	32.9%
Poland	28.3	29.8	43.4	25.6	-3.3%
Others	151	136	114	287	23.9%
Total	745	782	939	1,017	10.9%

Top Suppliers of Metal Spiral or Discs Spring to Latvia in 2022:

Sweden (66.2 tons)
Italy (14.3 tons)
Germany (8.6 tons)
Netherlands (7.6 tons)
United Kingdom (4.0 tons)
Poland (2.5 tons)
Lithuania (2.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for metal spiral or discs spring in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931653 - Iron or steel flat spiral springs
Prodcom 25931655 - Iron or steel discs springs
Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023