Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia - 2023

Contents:

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

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (CIF) - 2022

The average import price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s stood at $98,928 per ton in 2022, rising by 87% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 139%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Germany ($195,610 per ton), while the price for Poland ($35,959 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+829.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (FOB) - 2022

In 2022, the average export price for nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s amounted to $74,880 per ton, surging by 71% against the previous year. In general, the export price posted temperate growth. The export price peaked at $690,833 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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 -3.9% per year.

Imports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia

In 2022, purchases abroad of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s decreased by -77.2% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 143% against the previous year. As a result, imports attained the peak of 6.7 tons, and then fell sharply in the following year.

In value terms, imports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s dropped sharply to $151K in 2022. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 215% against the previous year. As a result, imports attained the peak of $354K, and then contracted notably in the following year.

Import of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A1.722088.1619.9%
Poland90.81080.233.3-28.4%
GermanyN/AN/A50.511.5-77.2%
Norway3.0N/AN/AN/A0%
LithuaniaN/AN/A17.7N/A0%
EstoniaN/AN/A8.0N/A0%
Czech RepublicN/AN/A40.5N/A0%
OthersN/A2.416.917.6170.8%
Total93.811235415117.2%

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

  1. Poland (927.0 kg)
  2. Netherlands (477.0 kg)
  3. Germany (59.0 kg)

Exports of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia

In 2022, approx. 576 kg of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s were exported from Latvia; increasing by 1,052% against the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of nickel; tubes, pipes and tube or pipe fittings (eg couplings, elbows, sleeves)s skyrocketed to $43K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Nickel; Tubes, Pipes and Tube or Pipe Fittings (Eg Couplings, Elbows, Sleeves) in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia10.53.62.243.160.1%
OthersN/AN/AN/AN/A0%
Total10.53.62.243.160.1%

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

  1. Russia (576.0 kg)

Source: IndexBox Market Intelligence Platform

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