Tungsten (Wolfram); Wire Price in Latvia - 2023
Contents:
- Tungsten (Wolfram); Wire Price in Latvia (CIF) - 2022
- Tungsten (Wolfram); Wire Price in Latvia (FOB) - 2022
- Tungsten (Wolfram); Wire Imports in Latvia
- Tungsten (Wolfram); Wire Exports in Latvia
Tungsten (Wolfram); Wire Price in Latvia (CIF) - 2022
In 2022, the average tungsten (wolfram); wire import price amounted to $48,693 per ton, rising by 58% against the previous year. Over the period under review, the import price saw a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 322%. Over the period under review, average import prices reached the peak figure at $197,471 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($83,750 per ton), while the price for the Netherlands ($24,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tungsten (Wolfram); Wire Price in Latvia (FOB) - 2022
The average tungsten (wolfram); wire export price stood at $131,508 per ton in 2022, flattening at the previous year. In general, the export price saw a noticeable downturn. The growth pace was the most rapid in 2015 an increase of 977% against the previous year. As a result, the export price attained the peak level of $371,750 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2013 to 2022, the rate of growth in terms of prices for Lithuania amounted to +5.0% per year.
Tungsten (Wolfram); Wire Imports in Latvia
After two years of decline, purchases abroad of tungsten (wolfram); wires increased by 679% to 187 kg in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tungsten (wolfram); wire imports soared to $9.1K in 2022. In general, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tungsten (Wolfram); Wire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | N/A | 6.0 | 0% |
| Poland | 0.4 | 0.8 | 0.6 | 2.7 | 89.0% |
| China | N/A | N/A | 0.5 | 0.3 | -40.0% |
| Hong Kong SAR | 0.7 | N/A | N/A | N/A | 0% |
| Belgium | 1.3 | 0.9 | 0.4 | N/A | -44.5% |
| United Kingdom | 2.5 | N/A | N/A | N/A | 0% |
| Netherlands | 1.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 6.5 | 1.7 | 1.4 | 9.1 | 11.9% |
Top Suppliers of Tungsten (Wolfram); Wire to Latvia in 2022:
- Lithuania (98.0 kg)
- Poland (84.0 kg)
- China (4.0 kg)
- Netherlands (1.0 kg)
Tungsten (Wolfram); Wire Exports in Latvia
In 2022, shipments abroad of tungsten (wolfram); wires decreased by 0% to 4 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a strong increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, tungsten (wolfram); wire exports totaled $526 in 2022. In general, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Tungsten (Wolfram); Wire in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 465 | 0% |
| Lithuania | 134 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 61.0 | 0% |
| Total | 134 | N/A | N/A | 526 | 57.7% |
Top Export Markets for Tungsten (Wolfram); Wire from Latvia in 2022:
- Russia (4.0 kg)
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