Latvia: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2025

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Latvia

The Latvian market for aluminium alloy plates, sheets and strip of thickness over X mm contracted to $X in 2022, declining by X% against the previous year. In general, consumption saw a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Latvia

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm declined slightly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Latvia

In 2022, exports of aluminium alloy plates, sheets and strip of thickness over X mm from Latvia rose slightly to X tons, surging by X% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm reached $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Latvia, accounting for a X% share of total exports. Moreover, exports of aluminium alloy plates, sheets and strip of thickness over X mm to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Estonia (X% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium alloy plates, sheets and strip of thickness over X mm exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with an X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Estonia (X% per year).

Export Prices by Country

The average export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Estonia ($X per ton), while the average price for exports to Germany ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Latvia

Imports of aluminium alloy plates, sheets and strip of thickness over X mm into Latvia dropped markedly to X tons in 2022, reducing by X% against the year before. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier to Latvia, with a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Turkey (X% per year).

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to Latvia were China ($X), Lithuania ($X) and Turkey ($X), with a combined X% share of total imports. Poland, Germany, Austria and Estonia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform