Latvia: Aluminium Alloy Tube Market 2025

Aluminium Alloy Tube Market Size in Latvia

The Latvian aluminium alloy tube market soared to $X in 2022, growing by 15% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Aluminium Alloy Tube Production in Latvia

In value terms, aluminium alloy tube production soared to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 353%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aluminium Alloy Tube Exports

Exports from Latvia

In 2022, aluminium alloy tube exports from Latvia soared to X tons, picking up by 22% on the previous year. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 9,667%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium alloy tube exports plummeted to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 8,348%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for aluminium alloy tube exports from Latvia, accounting for a 95% share of total exports. It was followed by the UK (X tons), with a 3% share of total exports. The third position in this ranking was held by Georgia (X kg), with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +127.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+194.5% per year) and Georgia (-30.6% per year).

In value terms, Norway ($X) emerged as the key foreign market for aluminium alloy tubes and pipes exports from Latvia, comprising 74% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Estonia, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +113.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+265.6% per year) and Estonia (-0.7% per year).

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2022, which is down by -50.1% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Norway ($X 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 the UK (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Alloy Tube Imports

Imports into Latvia

In 2022, the amount of aluminium alloy tubes and pipes imported into Latvia shrank to X tons, dropping by -9% compared with the previous year. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 31%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, aluminium alloy tube imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Lithuania (X tons) and Belgium (X tons) were the main suppliers of aluminium alloy tube imports to Latvia, with a combined 75% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Lithuania ($X) and Belgium ($X) appeared to be the largest aluminium alloy tube suppliers to Latvia, together comprising 72% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +52.8%, saw 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

The average aluminium alloy tube import price stood at $X per ton in 2022, with an increase of 38% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy tube import price increased by +68.2% against 2020 indices. 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 Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform