Latvia - Base Metal Keys - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Latvia - Base Metal Keys - Market Analysis, Forecast, Size, Trends And Insights

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Base Metal Keys Price in Latvia - 2023

Contents:

  1. Base Metal Keys Price in Latvia (CIF) - 2022
  2. Base Metal Keys Price in Latvia (FOB) - 2022
  3. Base Metal Keys Imports in Latvia
  4. Base Metal Keys Exports in Latvia

Base Metal Keys Price in Latvia (CIF) - 2022

In 2022, the average base metal keys import price amounted to $24,729 per ton, increasing by 40% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The import price peaked at $37,068 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the Czech Republic ($454,050 per ton), while the price for Spain ($12,201 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Base Metal Keys Price in Latvia (FOB) - 2022

The average base metal keys export price stood at $27,752 per ton in 2022, rising by 62% against the previous year. Over the period under review, the export price showed a modest increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 121% against the previous year. The export price peaked at $35,818 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($157,488 per ton), while the average price for exports to Sweden ($11,821 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 Denmark (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports in Latvia

In 2022, purchases abroad of base metal keys decreased by -24.6% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.

In value terms, base metal keys imports reached $408K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.8% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year. As a result, imports attained the peak of $503K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Base Metal Keys in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy84.211210414820.7%
Lithuania97.076.485.571.4-9.7%
Poland16.922.730.447.541.1%
Spain18.330.358.244.934.9%
Germany20.212.946.624.36.4%
Belgium19.113.77.821.74.3%
Estonia35.618912.712.2-30.0%
Others37.246.442.338.10.8%
Total3295033874087.4%

Top Suppliers of Base Metal Keys to Latvia in 2022:

  1. Italy (6.7 tons)
  2. Spain (3.7 tons)
  3. Poland (2.3 tons)
  4. Lithuania (2.1 tons)
  5. Belgium (0.9 tons)
  6. Germany (0.3 tons)
  7. Estonia (0.1 tons)

Base Metal Keys Exports in Latvia

In 2022, after three years of growth, there was significant decline in overseas shipments of base metal keys, when their volume decreased by -19.7% to 3.7 tons. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 273%.

In value terms, base metal keys exports soared to $103K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 138%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Base Metal Keys in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia10.753.041.442.958.9%
Lithuania17.422.528.330.620.7%
KazakhstanN/AN/AN/A12.60%
Estonia3.63.27.812.049.4%
UkraineN/AN/AN/A3.60%
Sweden0.11.61.30.344.2%
Others2.51.20.81.3-19.6%
Total34.381.679.610344.3%

Top Export Markets for Base Metal Keys from Latvia in 2022:

  1. Russia (1816.0 kg)
  2. Lithuania (1225.0 kg)
  3. Estonia (417.0 kg)
  4. Ukraine (121.0 kg)
  5. Kazakhstan (80.0 kg)
  6. Sweden (28.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the base metal keys 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 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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