Price for Chromium; Waste and Scrap in Latvia - 2023

Price for Chromium; Waste and Scrap in Latvia (CIF) - 2023

The average chromium; waste and scrap import price stood at $1,876 per ton in November 2023, with an increase of 139% against the previous month. Overall, the import price posted strong growth. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 227% against the previous month. Over the period under review, average import prices hit record highs at $1,904 per ton in May 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Estonia ($4,279 per ton), while the price for Germany amounted to $829 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Estonia (+24.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chromium; Waste and Scrap in Latvia (FOB) - 2022

In 2022, the average chromium; waste and scrap export price amounted to $485 per ton, waning by -4.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 66%. As a result, the export price attained the peak level of $1,281 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -4.3% per year.

Imports of Chromium; Waste and Scrap in Latvia

In 2022, approx. 296 tons of chromium; waste and scraps were imported into Latvia; increasing by 54% compared with 2021 figures. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 325% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, chromium; waste and scrap imports skyrocketed to $320K in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 256%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Chromium; Waste and Scrap in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	36.8	41.8	82.1	137	55.0%
Germany	88.7	8.1	67.5	116	9.4%
Sweden	N/A	N/A	N/A	46.0	0%
Estonia	14.2	N/A	28.3	20.8	13.6%
Others	N/A	N/A	N/A	N/A	0%
Total	140	49.9	178	320	31.7%

Top Suppliers of Chromium; Waste and Scrap to Latvia in 2022:

Lithuania (118.7 tons)
Germany (112.9 tons)
Sweden (43.4 tons)
Estonia (21.5 tons)

Exports of Chromium; Waste and Scrap in Latvia

In 2022, shipments abroad of chromium; waste and scraps decreased by -99.8% to 400 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 578% against the previous year. As a result, the exports attained the peak of 237 tons, and then contracted dramatically in the following year.

In value terms, chromium; waste and scrap exports reduced markedly to $194 in 2022. In general, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 413%. As a result, the exports attained the peak of $120K, and then fell significantly in the following year.