Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia - 2024

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia (CIF) - 2022
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia (CIF) - 2022

In 2022, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,384 per ton, growing by 43% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. Over the period under review, average import prices attained the maximum at $2,945 per ton in 2014; however, from 2015 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 the Czech Republic ($4,271 per ton), while the price for Estonia ($573 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the prices for the other major suppliers experienced a decline.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia (FOB) - 2022

In 2022, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $5,161 per ton, falling by -56.3% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 542%. As a result, the export price attained the peak level of $11,804 per ton, and then reduced dramatically in the following year.

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 the UK ($17,907 per ton), while the average price for exports to Russia ($2,117 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 Lithuania (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia

Imports of tubes, pipes and hollow profiles, of cast iron into Latvia contracted to 3.7K tons in 2022, with a decrease of -6.1% compared with the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 57%. As a result, imports reached the peak of 4K tons, and then fell in the following year.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron surged to $5.1M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Latvia in 2022:

1. Poland (850.8 tons)
2. France (786.5 tons)
3. Italy (496.1 tons)
4. Lithuania (449.7 tons)
5. Czech Republic (444.2 tons)
6. Germany (273.7 tons)
7. Netherlands (205.1 tons)
8. Estonia (161.1 tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Latvia

After two years of decline, overseas shipments of tubes, pipes and hollow profiles, of cast iron increased by 2,156% to 94 tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron skyrocketed to $397K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Latvia in 2022:

1. Estonia (74.5 tons)
2. Russia (14.6 tons)
3. United Kingdom (3.8 tons)
4. Lithuania (0.6 tons)

Source: IndexBox Market Intelligence Platform