Price for Nickel; Tube and Pipe Fittings in Latvia - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Latvia (FOB) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Latvia (CIF) - 2022
3. Exports of Nickel; Tube and Pipe Fittings in Latvia
4. Imports of Nickel; Tube and Pipe Fittings in Latvia

Price for Nickel; Tube and Pipe Fittings in Latvia (FOB) - 2022

The average export price for nickel; tube and pipe fittingses stood at $67,338 per ton in 2022, waning by -10.8% against the previous year. Over the period under review, the export price, however, posted a slight increase. The most prominent rate of growth was recorded in 2013 an increase of 36%. Over the period under review, the average export prices hit record highs at $207,905 per ton in 2019; however, from 2020 to 2022, the 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 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -5.2% per year.

Price for Nickel; Tube and Pipe Fittings in Latvia (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $160,420 per ton, jumping by 723% against the previous year. In general, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($251,241 per ton), while the price for Poland ($14,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2,130.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tube and Pipe Fittings in Latvia

Nickel; tube and pipe fittings exports from Latvia surged to 393 kg in 2022, jumping by 2,520% against 2021. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports surged to $26K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Nickel; Tube and Pipe Fittings from Latvia in 2022:

1. Russia (393.0 kg)

Imports of Nickel; Tube and Pipe Fittings in Latvia

In 2022, imports of nickel; tube and pipe fittingses into Latvia contracted sharply to 119 kg, which is down by -98.2% against the year before. Overall, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 17,395% against the previous year. As a result, imports attained the peak of 6.6 tons, and then shrank notably in the following year.

In value terms, nickel; tube and pipe fittings imports shrank remarkably to $19K in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 25,968% against the previous year. As a result, imports attained the peak of $130K, and then contracted significantly in the following year.

Top Suppliers of Nickel; Tube and Pipe Fittings to Latvia in 2022:

1. United Kingdom (29.0 kg)
2. Netherlands (28.0 kg)
3. Italy (27.0 kg)
4. Denmark (18.0 kg)
5. Poland (12.0 kg)
6. Germany (5.0 kg)

Source: IndexBox Market Intelligence Platform