Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia - 2023
Contents:
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (CIF) - 2022
- Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (FOB) - 2022
- Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia
- Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (CIF) - 2022
The average import price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $1,015,746 per ton in 2022, increasing by 41% against the previous year. Overall, the import price recorded a buoyant increase. The growth pace was the most rapid in 2016 an increase of 250%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($2,364,000 per ton), while the price for Brazil ($24,120 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (FOB) - 2022
The average export price for stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves stood at $783,691 per ton in 2022, which is down by -11.7% against the previous year. In general, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 4,424% against the previous year. Over the period under review, the average export prices hit record highs at $9,075,333 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($2,105,000 per ton), while the average price for exports to Ukraine ($109,000 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 Poland (+524.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia
Imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves into Latvia surged to 362 kg in 2022, growing by 16% against 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 454% against the previous year. As a result, imports attained the peak of 532 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves soared to $368K in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 938%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | 162 | 62.1 | 242 | 22.2% |
| Germany | 6.0 | 25.4 | 54.8 | 45.8 | 96.9% |
| Italy | 9.7 | 77.3 | 22.0 | 18.8 | 24.7% |
| China | 2.9 | 19.6 | 8.1 | 11.3 | 57.4% |
| Russia | 1.1 | 7.3 | 16.2 | 10.5 | 112.1% |
| India | 1.2 | 6.7 | 13.3 | 2.9 | 34.2% |
| Brazil | N/A | 0.2 | 0.2 | 0.6 | 73.2% |
| Others | 10.2 | 24.8 | 47.9 | 36.0 | 52.3% |
| Total | 31.2 | 323 | 225 | 368 | 127.6% |
Top Suppliers of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of to Latvia in 2022:
- Austria (198.0 kg)
- China (30.0 kg)
- Brazil (25.0 kg)
- Germany (24.0 kg)
- Russia (20.0 kg)
- Italy (16.0 kg)
- India (16.0 kg)
Exports of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia
In 2022, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves from Latvia contracted to 55 kg, shrinking by -9.8% against the previous year. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 510% against the previous year.
In value terms, exports of stones; precious or semi-precious stones (natural, synthetic or reconstructed) articles oves dropped dramatically to $43K in 2022. In general, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 159% against the previous year.
| Export of Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.5 | 17.8 | 49.6 | 27.7 | 164.3% |
| Kazakhstan | N/A | N/A | N/A | 6.2 | 0% |
| Germany | N/A | N/A | N/A | 5.0 | 0% |
| Estonia | 0.2 | N/A | 4.2 | 2.1 | 119.0% |
| Lithuania | N/A | N/A | N/A | 1.6 | 0% |
| Poland | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Ukraine | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 595 | N/A | N/A | N/A | 0% |
| Others | 3.5 | 3.2 | 0.2 | N/A | -76.1% |
| Total | 600 | 20.9 | 54.2 | 43.1 | -58.4% |
Top Export Markets for Stones; Precious or Semi-Precious Stones (Natural, Synthetic or Reconstructed) Articles of from Latvia in 2022:
- Russia (30.0 kg)
- Kazakhstan (16.0 kg)
- Germany (5.0 kg)
- Ukraine (1.0 kg)
- Estonia (1.0 kg)
- Poland (1.0 kg)
- Lithuania (1.0 kg)
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