Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania - 2023

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania (CIF) - 2022
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania (FOB) - 2022
3. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania
4. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $16,755 per ton, rising by 32% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The import price peaked at $36,909 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($30,308 per ton), while the price for Poland totaled $1,435 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+34.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania (FOB) - 2022

In 2022, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $9,800 per ton, with a decrease of -30.7% against the previous year. In general, the export price, however, recorded resilient growth. Over the period under review, the average export prices hit record highs at $14,143 per ton in 2021, and then plummeted in the following year.

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

From 2018 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +59.7% per year.

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania

In 2022, overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -88.8% to 49 kg for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,891%. As a result, imports attained the peak of 438 kg, and then declined markedly in the following year.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses shrank dramatically to $821 in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 587% against the previous year. As a result, imports reached the peak of $5.6K, and then dropped remarkably in the following year.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Lithuania in 2022:

1. Italy (26.0 kg)
2. Poland (23.0 kg)

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Lithuania

Exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses from Lithuania contracted remarkably to 5 kg in 2022, which is down by -28.6% compared with the previous year's figure. Over the period under review, exports faced a sharp setback.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses declined sharply to $49 in 2022. In general, exports continue to indicate a dramatic descent.

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from Lithuania in 2022:

1. Netherlands (5.0 kg)

Source: IndexBox Market Intelligence Platform