Price for Zinc; Waste and Scrap in Latvia - 2023

Contents:

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

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

The average zinc; waste and scrap export price stood at $2,535 per ton in 2022, jumping by 35% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; waste and scrap export price increased by +49.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($3,014 per ton), while the average price for exports to Lithuania ($1,768 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 Austria (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average zinc; waste and scrap import price amounted to $1,586 per ton, reducing by -23.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 86% against the previous year. Over the period under review, average import prices attained the maximum at $2,063 per ton in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($2,039 per ton), while the price for Poland ($930 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Zinc; Waste and Scrap in Latvia

In 2022, overseas shipments of zinc; waste and scraps decreased by -24.5% to 489 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 62%. As a result, the exports reached the peak of 677 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, zinc; waste and scrap exports amounted to $1.2M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Austria (277.3 tons)
2. India (185.0 tons)
3. Lithuania (13.9 tons)
4. Poland (13.1 tons)

Imports of Zinc; Waste and Scrap in Latvia

In 2022, imports of zinc; waste and scraps into Latvia reached 230 tons, growing by 11% compared with the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +27.2% 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 +105.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, zinc; waste and scrap imports contracted to $365K in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of $428K, and then fell in the following year.

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

1. Estonia (85.6 tons)
2. Poland (74.0 tons)
3. Lithuania (26.4 tons)
4. Czech Republic (23.0 tons)
5. Belarus (19.7 tons)
6. Germany (1.6 tons)

Source: IndexBox Market Intelligence Platform