Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Latvia - 2024

Contents:

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

Price for Alloy Steel, Flat-Rolled, Width 600mm or More, Cold-Rolled in Latvia (CIF) - 2022

In 2022, the average import price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds amounted to $1,212 per ton, approximately equating the previous year. Overall, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 70% against the previous year. The import price peaked at $1,445 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lithuania ($1,278 per ton) and Poland ($1,268 per ton), while the price for Turkey ($942 per ton) and Sweden ($1,207 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for alloy steel, flat-rolled, width 600mm or more, cold-rolleds stood at $1,798 per ton in 2022, reducing by -7.4% against the previous year. Overall, the export price continues to indicate a mild reduction. The growth pace was the most rapid in 2019 when the average export price increased by 74%. Over the period under review, the average export prices attained the maximum at $3,281 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Iceland amounted to +37.4% per year.

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

In 2022, purchases abroad of alloy steel, flat-rolled, width 600mm or more, cold-rolleds decreased by -29.6% to 1.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 364%. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds declined rapidly to $1.4M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 319%. As a result, imports attained the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Sweden (1093.7 tons)
2. Poland (35.5 tons)
3. Lithuania (25.1 tons)
4. Turkey (24.9 tons)

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

In 2022, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds from Latvia shrank significantly to 496 kg, which is down by -89.4% against the previous year's figure. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 58%.

In value terms, exports of alloy steel, flat-rolled, width 600mm or more, cold-rolleds reduced markedly to $892 in 2022. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.

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

1. Poland (496.0 kg)

Source: IndexBox Market Intelligence Platform