Latvia - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in Latvia - 2023
Contents:
- Non-Alloy Steel U-Section Price in Latvia (CIF) - 2023
- Non-Alloy Steel U-Section Price in Latvia (FOB) - 2023
- Non-Alloy Steel U-Section Imports in Latvia
- Non-Alloy Steel U-Section Exports in Latvia
Non-Alloy Steel U-Section Price in Latvia (CIF) - 2023
The average non-alloy steel u-section import price stood at $1,053 per ton in September 2023, reducing by -6.1% against the previous month. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in August 2023 an increase of 11% month-to-month. Over the period under review, average import prices reached the maximum at $1,268 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($3,068 per ton), while the price for Germany ($892 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.8%), while the prices for the other major suppliers experienced a decline.
Non-Alloy Steel U-Section Price in Latvia (FOB) - 2023
The average non-alloy steel u-section export price stood at $957 per ton in September 2023, falling by -44.9% against the previous month. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in February 2023 an increase of 38% m-o-m. The export price peaked at $1,737 per ton in August 2023, and then contracted sharply in the following month.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From September 2022 to September 2023, the rate of growth in terms of prices for Denmark amounted to +9.2% per month.
Non-Alloy Steel U-Section Imports in Latvia
In 2022, purchases abroad of u-sections of non-alloy steel decreased by -30.6% to 3.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, imports reached the peak of 6.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, non-alloy steel u-section imports dropped to $4.8M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $5.3M, and then contracted in the following year.
Import of Non-Alloy Steel U-Section in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,468 | 1,532 | 1,487 | 1,715 | 5.3% |
Estonia | 868 | 761 | 1,568 | 1,195 | 11.2% |
Poland | 1,270 | 898 | 847 | 1,052 | -6.1% |
Germany | 90.1 | 156 | 184 | 339 | 55.5% |
Ukraine | 306 | 181 | 290 | 193 | -14.2% |
Sweden | 11.7 | 8.5 | 43.5 | 123 | 119.1% |
Czech Republic | N/A | 1.5 | 36.2 | 92.4 | 684.9% |
United Kingdom | 79.6 | 126 | 0.2 | N/A | -95.0% |
Others | 52.1 | 556 | 878 | 140 | 39.0% |
Total | 4,146 | 4,220 | 5,334 | 4,850 | 5.4% |
Top Suppliers of Non-Alloy Steel U-Section to Latvia in 2022:
- Lithuania (1207.5 tons)
- Estonia (831.9 tons)
- Poland (787.0 tons)
- Germany (315.6 tons)
- Ukraine (188.0 tons)
- Sweden (93.8 tons)
- Czech Republic (71.3 tons)
Non-Alloy Steel U-Section Exports in Latvia
In 2022, after three years of growth, there was significant decline in shipments abroad of u-sections of non-alloy steel, when their volume decreased by -62.2% to 484 tons. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 156% against the previous year.
In value terms, non-alloy steel u-section exports reduced remarkably to $694K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 137% against the previous year. As a result, the exports reached the peak of $1.1M, and then dropped remarkably in the following year.
Export of Non-Alloy Steel U-Section in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 117 | 306 | 896 | 266 | 31.5% |
Sweden | 11.1 | 15.5 | 13.2 | 171 | 148.8% |
Lithuania | 5.4 | 25.5 | 69.8 | 93.1 | 158.3% |
Russia | 47.0 | 51.1 | 17.5 | 83.2 | 21.0% |
Denmark | 51.8 | 44.1 | 6.7 | 68.3 | 9.7% |
Kyrgyzstan | N/A | N/A | N/A | 12.9 | 0% |
Others | N/A | 30.0 | 117 | 0.2 | -91.8% |
Total | 232 | 472 | 1,120 | 694 | 44.1% |
Top Export Markets for Non-Alloy Steel U-Section from Latvia in 2022:
- Estonia (176.2 tons)
- Sweden (110.5 tons)
- Lithuania (71.0 tons)
- Russia (66.2 tons)
- Denmark (49.6 tons)
- Kyrgyzstan (10.1 tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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