Latvia - Alumina - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlumina Price in Latvia - 2023
Contents:
- Alumina Price in Latvia (CIF) - 2022
- Alumina Price in Latvia (FOB) - 2022
- Alumina Imports in Latvia
- Alumina Exports in Latvia
Alumina Price in Latvia (CIF) - 2022
In 2022, the average alumina import price amounted to $14,407 per ton, increasing by 41% against the previous year. Overall, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 123% against the previous year. Over the period under review, average import prices hit record highs at $17,440 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($25,576 per ton), while the price for Belgium ($4,970 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+143.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Alumina Price in Latvia (FOB) - 2022
In 2022, the average alumina export price amounted to $7,463 per ton, picking up by 94% against the previous year. Overall, the export price posted a remarkable increase. The export price peaked at $25,583 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($14,969 per ton), while the average price for exports to Russia ($4,200 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 Kazakhstan (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.
Alumina Imports in Latvia
In 2022, purchases abroad of alumina was finally on the rise to reach 4.7 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a significant decline.
In value terms, alumina imports skyrocketed to $67K in 2022. Overall, imports, however, faced a dramatic curtailment.
| Import of Alumina in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 22.8 | 5.6 | 16.1 | 31.1 | 10.9% |
| Slovenia | N/A | 9.0 | 3.1 | 15.0 | 29.1% |
| Germany | 15.0 | 2.5 | 9.8 | 7.6 | -20.3% |
| United Kingdom | 4.0 | 0.1 | N/A | 4.0 | 0.0% |
| Belgium | N/A | 2.6 | 0.1 | 1.0 | -38.0% |
| Iran | 1,166 | N/A | N/A | N/A | 0% |
| Others | 15.0 | 33.8 | 14.9 | 8.8 | -16.3% |
| Total | 1,222 | 53.6 | 43.9 | 67.5 | -61.9% |
Top Suppliers of Alumina to Latvia in 2022:
- Estonia (2852.0 kg)
- Slovenia (772.0 kg)
- Germany (573.0 kg)
- Belgium (202.0 kg)
- United Kingdom (158.0 kg)
Alumina Exports in Latvia
In 2022, exports of alumina from Latvia skyrocketed to 3.3 tons, picking up by 267% on the previous year's figure. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 289% against the previous year. As a result, the exports attained the peak of 4.3 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, alumina exports skyrocketed to $25K in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Alumina in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 15.0 | 0% |
| Russia | 6.9 | 15.5 | 3.5 | 9.1 | 9.7% |
| Germany | N/A | N/A | N/A | 0.8 | 0% |
| Lithuania | N/A | 7.2 | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 7.7 | 22.6 | 3.5 | 24.9 | 47.9% |
Top Export Markets for Alumina from Latvia in 2022:
- Russia (2.2 tons)
- Kazakhstan (1.0 tons)
- Germany (0.2 tons)
This report provides an in-depth analysis of the alumina market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421200 - Aluminium oxide (excluding artificial corundum)
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
470
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This report provides an in-depth analysis of the alumina market in Latvia.
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This report provides an in-depth analysis of the aluminium hydroxide market in Latvia.
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828
In 2021, U.S. alumina imports rose by 12% to 1.3M tons or by 32% to $622M in value terms, while the domestic production declined.
1577
In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
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In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
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The global trade in alumina amounted to X million USD in 2015, showing mild fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports slightly declined again. Overall, the
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In value terms, aluminum structures exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indi...
828
In 2021, U.S. alumina imports rose by 12% to 1.3M tons or by 32% to $622M in value terms, while the domestic production declined.
1577
In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
1198
In 2016, the amount of alumina imported worldwide totaled X tons, approximately mirroring the previous year figure. In general, alumina imports continue to indicate a relatively flat trend pattern...
