Price for Chain; Articulated Link, Roller, of Iron or Steel in Latvia - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Latvia (FOB) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Latvia (CIF) - 2023
3. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Latvia
4. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Latvia

Price for Chain; Articulated Link, Roller, of Iron or Steel in Latvia (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $11,796 per ton, increasing by 15% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 49% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($17,938 per ton), while the average price for exports to Uzbekistan ($1,081 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 Russia (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Latvia (CIF) - 2023

The average import price for chain; articulated link, roller, of iron or steel stood at $12,373 per ton in October 2023, jumping by 29% against the previous month. Overall, import price indicated a noticeable expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for chain; articulated link, roller, of iron or steel increased by +36.3% against August 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 137% against the previous month. As a result, import price reached the peak level of $14,324 per ton. From July 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($23,567 per ton), while the price for the Czech Republic ($6,598 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Latvia

In 2022, exports of chain; articulated link, roller, of iron or steel from Latvia fell dramatically to 237 tons, which is down by -25.3% on 2021 figures. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 9.5% against the previous year.

In value terms, exports of chain; articulated link, roller, of iron or steel shrank to $2.8M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $3.3M, and then reduced in the following year.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Latvia in 2022:

1. Germany (82.6 tons)
2. Russia (49.2 tons)
3. Italy (45.2 tons)
4. Ukraine (19.2 tons)
5. Moldova (8.2 tons)
6. Estonia (7.5 tons)
7. Lithuania (6.8 tons)
8. Poland (4.5 tons)
9. Uzbekistan (1.5 tons)

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Latvia

In 2022, purchases abroad of chain; articulated link, roller, of iron or steel was finally on the rise to reach 310 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel soared to $2.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Latvia in 2022:

1. Ukraine (92.9 tons)
2. Germany (81.5 tons)
3. Lithuania (24.7 tons)
4. Sweden (23.3 tons)
5. China (22.6 tons)
6. Poland (17.8 tons)
7. Netherlands (13.9 tons)
8. Italy (9.0 tons)
9. Finland (4.3 tons)

Source: IndexBox Market Intelligence Platform