Latvia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Latvia

In 2022, the Latvian metal flexible tubing market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decrease. Metal flexible tubing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Flexible Tubing Production in Latvia

In value terms, metal flexible tubing production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable slump. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Latvia

In 2022, shipments abroad of iron or steel flexible tubing increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, metal flexible tubing exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for metal flexible tubing exports from Latvia, with a X% share of total exports. Moreover, metal flexible tubing exports to Lithuania exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The third position in this ranking was held by Finland (X tons), with a X% share.

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

In value terms, Lithuania ($X) emerged as the key foreign market for iron or steel flexible tubing exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Denmark ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average metal flexible tubing export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw strong growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Lithuania ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Latvia

In 2022, metal flexible tubing imports into Latvia skyrocketed to X tons, picking up by X% compared with the previous year. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, metal flexible tubing imports soared to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

The Czech Republic (X tons), China (X tons) and Turkey (X tons) were the main suppliers of metal flexible tubing imports to Latvia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel flexible tubing to Latvia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

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

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform