Sulphates; of Copper Price in Latvia - 2023

Sulphates; of Copper Price in Latvia (CIF) - 2022

In 2022, the average sulphates; of copper import price amounted to $2,685 per ton, leveling off at the previous year. Overall, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 44%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($3,361 per ton) and Germany ($3,007 per ton), while the price for Poland ($2,538 per ton) and Lithuania ($2,566 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Latvia (FOB) - 2022

The average sulphates; of copper export price stood at $2,857 per ton in 2022, reducing by -60.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 169%. Over the period under review, the average export prices hit record highs at $7,267 per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,440 per ton), while the average price for exports to Lithuania amounted to $2,743 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+0.1%).

Sulphates; of Copper Imports in Latvia

In 2022, approx. 228 tons of sulphates; of coppers were imported into Latvia; shrinking by -34.1% compared with 2021 figures. Overall, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 347 tons, and then fell remarkably in the following year.

In value terms, sulphates; of copper imports fell rapidly to $613K in 2022. Over the period under review, imports, however, saw notable growth. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, imports reached the peak of $919K, and then shrank notably in the following year.

Import of Sulphates; of Copper in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	230	246	495	392	19.4%
Germany	0.1	0.3	0.3	72.3	797.5%
Russia	39.0	200	287	62.2	16.8%
Denmark	222	N/A	45.2	46.2	-40.7%
Poland	7.8	12.8	85.3	37.6	68.9%
Turkey	47.5	N/A	N/A	N/A	0%
Others	1.9	4.9	6.0	2.6	11.0%
Total	549	464	919	613	3.7%

Top Suppliers of Sulphates; of Copper to Latvia in 2022:

Lithuania (152.9 tons)
Germany (24.1 tons)
Russia (22.0 tons)
Poland (14.8 tons)
Denmark (13.7 tons)

Sulphates; of Copper Exports in Latvia

In 2022, approx. 4.3 tons of sulphates; of coppers were exported from Latvia; with an increase of 9,347% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper exports skyrocketed to $12K in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.