Report Update Jan 1, 2025

Latvia - Aluminum (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Aluminium Market 2025

Aluminium Market Size in Latvia

The Latvian aluminium market amounted to $X in 2022, picking up by 6.1% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. Aluminium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Production in Latvia

In value terms, aluminium production expanded notably to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Latvia

Aluminium exports from Latvia surged to X tons in 2021, growing by 1,455% on the previous year. Overall, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 5,980% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminium exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a dramatic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 3,419% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for aluminium exports from Latvia, with a 77% share of total exports. Moreover, aluminium exports to Slovakia exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Slovakia was relatively modest.

From 2013 to 2021, the average annual growth rate of value to Slovakia was relatively modest.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2021, with a decrease of -65.9% against the previous year. Over the period under review, the export price saw a sharp downturn. The growth pace was the most rapid in 2020 when the average export price increased by 127% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the Czech Republic stood at $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-12.2%).

Aluminium Imports

Imports into Latvia

In 2022, aluminium imports into Latvia fell sharply to X tons, which is down by -89.3% on the previous year's figure. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by 6,838% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, aluminium imports fell notably to $X in 2022. Overall, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,570% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of aluminium to Latvia, accounting for a 75% share of total imports. Moreover, aluminium imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), sixfold. The third position in this ranking was taken by Sweden (X kg), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-31.0% per year) and Sweden (-98.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Latvia, comprising 58% of total imports. The second position in the ranking was taken by Poland ($X), with a 26% share of total imports. It was followed by Sweden, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+6.6% per year) and Sweden (-98.2% per year).

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, declining by -23.7% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 535% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the aluminium market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024