Report Update Nov 1, 2024

Latvia - Tin - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Tin Market 2024

Tin Market Size in Latvia

The Latvian tin market dropped sharply to $X in 2022, waning by -92.2% against the previous year. Over the period under review, consumption saw a sharp downturn. Tin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tin Production in Latvia

In value terms, tin production contracted to $X in 2022 estimated in export price. Overall, production recorded a slight reduction. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tin Exports

Exports from Latvia

For the fourth consecutive year, Latvia recorded growth in overseas shipments of tin, which increased by 400% to X tons in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 18,943%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, tin exports surged to $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 52,244%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Belarus (X tons) was the main destination for tin exports from Latvia, accounting for a approx. 99.9% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Belarus stood at +400.5%.

In value terms, Belarus ($X) also remains the key foreign market for tin exports from Latvia.

From 2013 to 2022, the average annual rate of growth in terms of value to Belarus totaled +206.0%.

Export Prices by Country

The average tin export price stood at $X per ton in 2022, with a decrease of -38.8% against the previous year. Overall, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 175%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2013 to 2022, the rate of growth in terms of prices for Belarus amounted to -38.9% per year.

Tin Imports

Imports into Latvia

In 2022, overseas purchases of tin decreased by -12.4% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 180,140%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tin imports shrank to $X in 2022. In general, imports showed a sharp downturn. The pace of growth was the most pronounced in 2016 when imports increased by 121,910%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X kg) was the main supplier of tin to Latvia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled -3.1%.

In value terms, Poland ($X) constituted the largest supplier of tin to Latvia.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +5.1%.

Import Prices by Country

In 2022, the average tin import price amounted to $X per ton, increasing by 3% against the previous year. Over the period under review, the import price recorded moderate growth. The growth pace was the most rapid in 2017 when the average import price increased by 62%. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +21.0% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the tin 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 24431330 - Unwrought non-alloy tin (excluding tin 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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023