Price for Copper; Washers, (Including Spring Washers), Not Threaded in Latvia - 2023
Contents:
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (CIF) - 2022
- Price for Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (FOB) - 2022
- Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia
- Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (CIF) - 2022
In 2022, the average import price for copper; washers, (including spring washers), not threadeds amounted to $63,004 per ton, picking up by 28% against the previous year. In general, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Finland ($212,243 per ton), while the price for Norway ($18,658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (FOB) - 2022
The average export price for copper; washers, (including spring washers), not threadeds stood at $42,210 per ton in 2022, shrinking by -16.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 62% against the previous year. The export price peaked at $84,525 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($145,500 per ton), while the average price for exports to China ($18,000 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 India (+157.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia
In 2022, after three years of growth, there was significant decline in overseas purchases of copper; washers, (including spring washers), not threadeds, when their volume decreased by -22.9% to 2.1 tons. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 120%.
In value terms, imports of copper; washers, (including spring washers), not threadeds reduced slightly to $131K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year.
| Import of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 3.6 | 6.6 | 22.8 | 43.7 | 129.8% |
| Lithuania | 4.3 | 8.4 | 25.7 | 18.9 | 63.8% |
| Germany | 11.8 | 23.1 | 18.7 | 16.2 | 11.1% |
| Taiwan (Chinese) | N/A | 0.3 | 2.8 | 14.9 | 604.7% |
| Poland | 4.4 | 8.0 | 14.9 | 10.3 | 32.8% |
| Sweden | 3.8 | 6.2 | 8.7 | 8.4 | 30.3% |
| Austria | 4.4 | 7.5 | 7.4 | 4.3 | -0.8% |
| China | N/A | 4.4 | 23.6 | 4.2 | -2.3% |
| Norway | N/A | N/A | 1.0 | 2.8 | 180.0% |
| Ukraine | 11.8 | 9.5 | 0.5 | N/A | -79.4% |
| Others | 1.6 | 6.7 | 6.5 | 6.9 | 62.8% |
| Total | 45.7 | 80.7 | 133 | 131 | 42.1% |
Top Suppliers of Copper; Washers, (Including Spring Washers), Not Threaded to Latvia in 2022:
- Poland (424.0 kg)
- Germany (380.0 kg)
- Austria (221.0 kg)
- Finland (206.0 kg)
- Lithuania (168.0 kg)
- Taiwan (Chinese) (164.0 kg)
- Norway (152.0 kg)
- Sweden (74.0 kg)
- China (37.0 kg)
Exports of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia
After three years of growth, shipments abroad of copper; washers, (including spring washers), not threadeds decreased by -9.5% to 515 kg in 2022. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports attained the peak of 569 kg, and then declined in the following year.
In value terms, exports of copper; washers, (including spring washers), not threadeds declined significantly to $22K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 86%. As a result, the exports attained the peak of $29K, and then reduced notably in the following year.
| Export of Copper; Washers, (Including Spring Washers), Not Threaded in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.6 | 6.9 | 7.9 | 8.0 | 45.4% |
| Lithuania | 3.7 | 4.4 | 4.9 | 4.1 | 3.5% |
| Finland | 0.1 | 0.4 | 0.9 | 2.5 | 192.4% |
| Russia | 2.6 | 1.9 | 7.4 | 2.3 | -4.0% |
| Germany | 0.7 | 1.2 | 1.0 | 0.4 | -17.0% |
| Sweden | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Ukraine | N/A | 0.1 | N/A | 0.2 | 41.4% |
| China | 1.5 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.6 | 6.7 | 3.9 | 113.6% |
| Total | 11.6 | 15.5 | 28.8 | 21.7 | 23.2% |
Top Export Markets for Copper; Washers, (Including Spring Washers), Not Threaded from Latvia in 2022:
- Estonia (262.0 kg)
- Lithuania (152.0 kg)
- Finland (25.0 kg)
- Russia (16.0 kg)
- Sweden (14.0 kg)
- Ukraine (12.0 kg)
- Germany (10.0 kg)
- China (1.0 kg)
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