Price for Cells and Batteries; Lithium in Latvia - 2023
Contents:
- Price for Cells and Batteries; Lithium in Latvia (CIF) - 2022
- Price for Cells and Batteries; Lithium in Latvia (FOB) - 2023
- Imports of Cells and Batteries; Lithium in Latvia
- Exports of Cells and Batteries; Lithium in Latvia
Price for Cells and Batteries; Lithium in Latvia (CIF) - 2022
In 2022, the average cells and batteries; lithium import price amounted to $0.7 per unit, increasing by 2.8% against the previous year. Overall, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 80% against the previous year. The import price peaked at $1.2 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Netherlands ($2 per unit), while the price for Estonia ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+104.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cells and Batteries; Lithium in Latvia (FOB) - 2023
In September 2023, the average cells and batteries; lithium export price amounted to $3.3 per unit, with an increase of 30% against the previous month. Over the period under review, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 65% m-o-m. Over the period under review, the average export prices hit record highs at $4.1 per unit in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Estonia ($4.6 per unit), while the average price for exports to Lithuania ($2.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cells and Batteries; Lithium in Latvia
Cells and batteries; lithium imports into Latvia soared to 6.7M units in 2022, increasing by 88% compared with 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cells and batteries; lithium imports surged to $4.6M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cells and Batteries; Lithium in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 406 | 365 | 399 | 889 | 29.9% |
| Estonia | 211 | 339 | 361 | 856 | 59.5% |
| Germany | 353 | 260 | 298 | 807 | 31.7% |
| Netherlands | 62.7 | 102 | 206 | 538 | 104.7% |
| Poland | 511 | 516 | 437 | 459 | -3.5% |
| Lithuania | 250 | 245 | 275 | 389 | 15.9% |
| Denmark | 9.3 | 8.3 | 19.5 | 346 | 233.8% |
| Czech Republic | 107 | 131 | 124 | 72.5 | -12.2% |
| Bulgaria | 30.8 | 99.9 | 66.6 | 48.9 | 16.7% |
| Others | 418 | 1,876 | 200 | 208 | -20.8% |
| Total | 2,360 | 3,942 | 2,385 | 4,614 | 25.0% |
Top Suppliers of Cells and Batteries; Lithium to Latvia in 2022:
- Estonia (2503.8K units)
- Germany (1788.4K units)
- Poland (681.3K units)
- China (480.4K units)
- Denmark (356.5K units)
- Lithuania (353.5K units)
- Netherlands (263.5K units)
- Czech Republic (50.7K units)
- Bulgaria (29.2K units)
Exports of Cells and Batteries; Lithium in Latvia
In 2022, exports of cells and batteries; lithia from Latvia surged to 4.7M units, rising by 142% against 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cells and batteries; lithium exports soared to $2.3M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cells and Batteries; Lithium in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 130 | 127 | 223 | 654 | 71.3% |
| Russia | 604 | 278 | 34.4 | 460 | -8.7% |
| Poland | 24.2 | 13.6 | 20.7 | 358 | 145.5% |
| Lithuania | 118 | 238 | 283 | 209 | 21.0% |
| Netherlands | 72.0 | 129 | 154 | 173 | 33.9% |
| United Arab Emirates | N/A | 164 | 162 | 169 | 1.5% |
| Belarus | 19.3 | 10.5 | 13.2 | 53.7 | 40.6% |
| Germany | 59.1 | 18.1 | 12.2 | 15.1 | -36.5% |
| Hungary | N/A | N/A | 42.0 | N/A | 0% |
| Others | 73.5 | 39.0 | 95.2 | 177 | 34.0% |
| Total | 1,100 | 1,016 | 1,040 | 2,269 | 27.3% |
Top Export Markets for Cells and Batteries; Lithium from Latvia in 2022:
- Poland (1478.6K units)
- Estonia (1248.2K units)
- Netherlands (919.2K units)
- Russia (461.6K units)
- Belarus (320.3K units)
- Lithuania (186.0K units)
- Germany (51.5K units)
- United Arab Emirates (4.6K units)
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