Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $2,206 per ton, surging by 12% against the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2014 an increase of 18%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($4,000 per ton), while the average price for exports to Latvia amounted to $2,164 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+11.2%).
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,950 per ton in 2020, surging by 294% against the previous year. In general, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2020, the rate of growth in terms of prices for Latvia amounted to +12.2% per year.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Estonia reduced notably to 131 kg in 2022, which is down by -99.9% on the year before. Overall, exports faced a sharp downturn.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s declined notably to $289 in 2022. In general, exports showed a sharp setback.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Latvia | 300 | 0.3 | -99.9% | ||
| Finland | 6.3 | N/A | 0% | ||
| Others | 0.5 | N/A | 0% | ||
| Total | 307 | 0.3 | -99.9% | ||
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Estonia in 2022:
- Latvia (128.0 kg)
- Finland (3.0 kg)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia
For the third year in a row, Estonia recorded decline in overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by 0% to less than 0.1 kg in 2022. Overall, imports saw a significant curtailment. The smallest decline of -95.8% was in 2020.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s totaled $173 in 2022. In general, imports continue to indicate a precipitous decline. The smallest decline of -83.4% was in 2020.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | N/A | 1.6 | 0% | ||
| Finland | 9.5 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 9.5 | 1.6 | -83.2% | ||
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Estonia in 2022:
- China (400.0 kg)
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