Price for Nickel; Waste and Scrap in Latvia - 2023

Contents:

1. Price for Nickel; Waste and Scrap in Latvia (CIF) - 2022
2. Price for Nickel; Waste and Scrap in Latvia (FOB) - 2022
3. Imports of Nickel; Waste and Scrap in Latvia
4. Exports of Nickel; Waste and Scrap in Latvia

Price for Nickel; Waste and Scrap in Latvia (CIF) - 2022

In 2022, the average nickel; waste and scrap import price amounted to $2,052 per ton, approximately equating the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure at $17,610 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($3,271 per ton), while the price for the Czech Republic ($404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Waste and Scrap in Latvia (FOB) - 2022

The average nickel; waste and scrap export price stood at $2,207 per ton in 2022, waning by -9.1% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 131%. The export price peaked at $6,907 per ton in 2018; however, from 2019 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 the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +24.6% per year.

Imports of Nickel; Waste and Scrap in Latvia

In 2022, approx. 216 tons of nickel; waste and scraps were imported into Latvia; with an increase of 210% compared with 2021. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 235%.

In value terms, nickel; waste and scrap imports skyrocketed to $444K in 2022. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 266%.

Top Suppliers of Nickel; Waste and Scrap to Latvia in 2022:

1. Czech Republic (77.2 tons)
2. Kazakhstan (72.2 tons)
3. Kyrgyzstan (41.2 tons)
4. Russia (25.7 tons)

Exports of Nickel; Waste and Scrap in Latvia

After two years of growth, shipments abroad of nickel; waste and scraps decreased by -73.1% to 40 tons in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 438% against the previous year. As a result, the exports attained the peak of 148 tons, and then shrank notably in the following year.

In value terms, nickel; waste and scrap exports dropped rapidly to $88K in 2022. In general, exports showed a slight descent. The growth pace was the most rapid in 2021 with an increase of 301% against the previous year. As a result, the exports attained the peak of $360K, and then dropped significantly in the following year.

Top Export Markets for Nickel; Waste and Scrap from Latvia in 2022:

1. Netherlands (39.8 tons)

Source: IndexBox Market Intelligence Platform