Price for Nickel; Bars, Rods, Profiles and Wire in Latvia - 2023
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Latvia (FOB) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Latvia (CIF) - 2022
- Exports of Nickel; Bars, Rods, Profiles and Wire in Latvia
- Imports of Nickel; Bars, Rods, Profiles and Wire in Latvia
Price for Nickel; Bars, Rods, Profiles and Wire in Latvia (FOB) - 2022
The average export price for nickel; bars, rods, profiles and wires stood at $27,597 per ton in 2022, jumping by 29% against the previous year. Overall, the export price, however, saw a abrupt slump. The export price peaked at $149,045 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($39,170 per ton), while the average price for exports to Germany ($25,057 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 Egypt (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nickel; Bars, Rods, Profiles and Wire in Latvia (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $27,727 per ton, growing by 10% against the previous year. In general, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 186%. Over the period under review, average import prices hit record highs at $67,507 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.9% per year.
Exports of Nickel; Bars, Rods, Profiles and Wire in Latvia
In 2022, exports of nickel; bars, rods, profiles and wires from Latvia contracted to 85 tons, shrinking by -12.1% against 2021 figures. Overall, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.
In value terms, exports of nickel; bars, rods, profiles and wires expanded markedly to $2.3M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Nickel; Bars, Rods, Profiles and Wire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 856 | 756 | 752 | 1,027 | 6.3% |
| Turkey | 571 | 392 | 638 | 293 | -19.9% |
| Italy | 62.2 | 131 | 136 | 288 | 66.7% |
| South Korea | N/A | N/A | N/A | 252 | 0% |
| Netherlands | 29.7 | 65.1 | 62.9 | 159 | 74.9% |
| Egypt | N/A | 57.1 | N/A | 86.2 | 22.9% |
| France | 90.6 | 35.8 | 55.2 | 79.9 | -4.1% |
| Spain | 47.5 | 38.5 | 102 | 52.6 | 3.5% |
| Denmark | 161 | 125 | N/A | N/A | -22.4% |
| Czech Republic | 47.3 | 34.1 | 294 | N/A | 149.3% |
| Others | 128 | 86.3 | 16.0 | 99.9 | -7.9% |
| Total | 1,993 | 1,720 | 2,056 | 2,338 | 5.5% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Latvia in 2022:
- Germany (41.0 tons)
- Turkey (10.4 tons)
- Italy (9.7 tons)
- South Korea (8.3 tons)
- Netherlands (5.0 tons)
- France (3.0 tons)
- Egypt (2.2 tons)
- Spain (1.8 tons)
Imports of Nickel; Bars, Rods, Profiles and Wire in Latvia
Imports of nickel; bars, rods, profiles and wires into Latvia fell modestly to 80 tons in 2022, which is down by -3.5% compared with the previous year. In general, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year.
In value terms, imports of nickel; bars, rods, profiles and wires expanded significantly to $2.2M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.8 | 1.3 | 1.8 | 2.0 | 3.6% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 1.8 | 1.5 | 2.1 | 2.2 | 6.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Latvia in 2022:
- Russia (78.8 tons)
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