Latvia - Welded Link Chain Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Welded Link Chain in Latvia - 2023
Contents:
- Price for Metal Welded Link Chain in Latvia (CIF) - 2022
- Price for Metal Welded Link Chain in Latvia (FOB) - 2022
- Imports of Metal Welded Link Chain in Latvia
- Exports of Metal Welded Link Chain in Latvia
Price for Metal Welded Link Chain in Latvia (CIF) - 2022
The average metal welded link chain import price stood at $2,695 per ton in 2022, growing by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 44%. As a result, import price attained the peak level of $3,616 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,751 per ton), while the price for China ($1,717 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Welded Link Chain in Latvia (FOB) - 2022
In 2022, the average metal welded link chain export price amounted to $2,323 per ton, waning by -34.6% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 73%. Over the period under review, the average export prices attained the peak figure at $5,219 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($7,226 per ton), while the average price for exports to Estonia ($1,399 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 Spain (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Metal Welded Link Chain in Latvia
In 2022, approx. 246 tons of welded link chain of iron or steel were imported into Latvia; with an increase of 26% compared with the year before. The total import volume increased at an average annual rate of +8.9% 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 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, metal welded link chain imports skyrocketed to $662K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Metal Welded Link Chain in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 144 | 156 | 131 | 230 | 16.9% |
| Netherlands | 55.6 | 86.4 | 96.2 | 152 | 39.8% |
| Germany | 15.4 | 49.9 | 42.0 | 121 | 98.8% |
| Lithuania | 63.8 | 55.8 | 56.4 | 46.6 | -9.9% |
| Finland | 27.2 | 28.9 | 12.8 | 34.4 | 8.1% |
| Poland | 12.7 | 18.3 | 23.9 | 27.3 | 29.1% |
| Italy | 38.3 | 4.9 | 17.6 | 9.8 | -36.5% |
| Czech Republic | 16.3 | 51.7 | 29.0 | 6.6 | -26.0% |
| Belgium | N/A | 47.1 | N/A | N/A | 0% |
| Others | 46.9 | 29.1 | 31.7 | 34.2 | -10.0% |
| Total | 420 | 528 | 441 | 662 | 16.4% |
Top Suppliers of Metal Welded Link Chain to Latvia in 2022:
- China (134.2 tons)
- Netherlands (35.9 tons)
- Germany (25.5 tons)
- Lithuania (18.9 tons)
- Finland (12.2 tons)
- Poland (6.0 tons)
- Italy (4.9 tons)
- Czech Republic (2.2 tons)
Exports of Metal Welded Link Chain in Latvia
In 2022, approx. 37 tons of welded link chain of iron or steel were exported from Latvia; increasing by 27% compared with 2021 figures. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal welded link chain exports reduced remarkably to $86K in 2022. Overall, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of $167K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Metal Welded Link Chain in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.3 | 6.0 | 56.1 | 1267.5% |
| Lithuania | 18.3 | 23.9 | 12.0 | 17.9 | -0.7% |
| Estonia | 19.7 | 13.8 | 8.4 | 5.5 | -34.6% |
| Germany | 2.9 | 5.1 | 2.8 | 3.4 | 5.4% |
| Sweden | 9.9 | 0.6 | 0.9 | 0.5 | -63.0% |
| Spain | 69.1 | 123 | 73.6 | N/A | 3.2% |
| Others | 0.8 | 0.1 | 0.4 | 2.7 | 50.0% |
| Total | 121 | 167 | 104 | 86.1 | -10.7% |
Top Export Markets for Metal Welded Link Chain from Latvia in 2022:
- Russia (21.8 tons)
- Lithuania (9.6 tons)
- Estonia (4.0 tons)
- Germany (1.2 tons)
- Sweden (0.1 tons)
This report provides an in-depth analysis of the market for metal welded link chain 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 25931724 - Welded link chain of iron or steel (excluding articulated link chain, skid chain and stud-link chain)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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