Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia (CIF) - 2023

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,302 per ton in December 2023, dropping by -7.7% against the previous month. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in January 2023 an increase of 48% m-o-m. As a result, import price attained the peak level of $2,263 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Lithuania ($1,611 per ton) and Sweden ($1,350 per ton), while the price for Poland ($1,107 per ton) and Finland ($1,169 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,528 per ton, which is down by -9% against the previous year. Overall, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 160%. As a result, the export price attained the peak level of $3,035 per ton. From 2017 to 2022, the average export prices remained at a somewhat 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 Uzbekistan ($2,215 per ton), while the average price for exports to Kazakhstan ($1,343 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 Uzbekistan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia

For the fourth year in a row, Latvia recorded growth in purchases abroad of alloy steel flat-rolled products, of a width 600mm or mores, which increased by 31% to 15K tons in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 61% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores soared to $24M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Latvia in 2022:

1. Sweden (5.1K tons)
2. Germany (3.4K tons)
3. Finland (1.8K tons)
4. Estonia (0.9K tons)
5. Lithuania (0.9K tons)
6. Poland (0.8K tons)
7. India (0.7K tons)
8. Russia (0.4K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Latvia

In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from Latvia soared to 10K tons, increasing by 535% against the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,221% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $15M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,357%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Latvia in 2022:

1. Kazakhstan (5.0K tons)
2. Russia (3.6K tons)
3. Uzbekistan (0.4K tons)
4. Azerbaijan (0.3K tons)
5. Ukraine (0.2K tons)
6. Kyrgyzstan (0.2K tons)

Source: IndexBox Market Intelligence Platform