Latvia: Aluminium Tube Market Overview 2020

Aluminium Tube Market Size in Latvia

The revenue of the aluminium tube market in Latvia amounted to $X in 2018, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total market indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium tube consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. In that year, the aluminium tube market reached its peak level of $X. From 2013 to 2018, the growth of the aluminium tube market failed to regain its momentum.

Aluminium Tube Exports

Exports from Latvia

In 2018, approx. X tonnes of aluminium tubes, pipes and tube or pipe fittings were exported from Latvia; falling by -X% against the previous year. Overall, aluminium tube exports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Latvia exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, aluminium tube exports totaled $X in 2018. In general, aluminium tube exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Latvia exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tonnes), distantly followed by the U.S. (X tonnes) and Germany (X tonnes) were the major exporters of aluminium tubes, pipes and tube or pipe fittings, together creating X% of total exports. The following exporters - Italy (X tonnes), Belgium (X tonnes), South Africa (X tonnes), Denmark (X tonnes), Greece (X tonnes), South Korea (X tonnes), Mexico (X tonnes), Japan (X tonnes) and Turkey (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube markets from Latvia were China ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Italy, South Africa, Belgium, Denmark, South Korea, Japan, Mexico, Turkey, Greece and Latvia, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the aluminium tube export price in Latvia amounted to $X per tonne, picking up by X% against the previous year. In general, the export price indicated conspicuous growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. In that year, the export prices for aluminium tubes, pipes and tube or pipe fittings reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the export prices for aluminium tubes, pipes and tube or pipe fittings remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while Greece ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Latvia

In 2018, the aluminium tube imports into Latvia stood at X tonnes, coming down by -X% against the previous year. Over the period under review, aluminium tube imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, aluminium tube imports attained their maximum at X tonnes in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, aluminium tube imports amounted to $X in 2018. Over the period under review, the total imports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aluminium tube imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. In that year, aluminium tube imports reached their peak of $X. From 2013 to 2018, the growth of aluminium tube imports remained at a somewhat lower figure.

Imports by Country

Germany (X tonnes) and Mexico (X tonnes) represented the largest importers of aluminium tubes, pipes and tube or pipe fittings in 2018, recording approx. X% and X% of total imports, respectively. It was followed by the U.S. (X tonnes), the Czech Republic (X tonnes) and France (X tonnes), together comprising an X% share of total imports. The following importers - Poland (X tonnes), Canada (X tonnes), the UK (X tonnes), India (X tonnes), the Netherlands (X tonnes), Thailand (X tonnes) and Malaysia (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium tube importing markets into Latvia were Mexico ($X), Germany ($X) and the U.S. ($X), together accounting for X% of total imports. The Czech Republic, France, Canada, the UK, Poland, India, the Netherlands, Thailand, Malaysia and Latvia lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the aluminium tube import price in Latvia amounted to $X per tonne, rising by X% against the previous year. In general, the aluminium tube import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the import prices for aluminium tubes, pipes and tube or pipe fittings reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the import prices for aluminium tubes, pipes and tube or pipe fittings failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform