Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,034 per ton in 2022, growing by 24% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, not plated or coateds increased by +95.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 58% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($1,201 per ton) and Ukraine ($1,196 per ton), while the price for Belarus ($921 per ton) and Russia ($998 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,078 per ton, rising by 8.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,166 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was Germany ($1,519 per ton), while the average price for exports to Poland ($871 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania
In 2022, purchases abroad of iron or non-alloy steel wire, not plated or coateds decreased by -53.6% to 50K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of 108K tons, and then contracted dramatically in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds dropped markedly to $52M in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 126%. As a result, imports attained the peak of $90M, and then contracted dramatically in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 22.8 | 27.8 | 46.2 | 17.5 | -8.4% |
| Russia | 9.3 | 6.1 | 32.8 | 17.0 | 22.3% |
| Poland | 1.0 | 1.0 | 1.7 | 4.6 | 66.3% |
| Ukraine | 1.0 | 1.1 | 2.4 | 3.7 | 54.7% |
| Czech Republic | 1.3 | 1.6 | 2.3 | 1.8 | 11.5% |
| Turkey | N/A | 0.1 | 0.8 | 1.5 | 287.3% |
| Italy | N/A | N/A | N/A | 0.9 | 0% |
| Others | 3.0 | 2.1 | 3.7 | 4.7 | 16.1% |
| Total | 38.4 | 39.8 | 89.9 | 51.6 | 10.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Lithuania in 2022:
- Belarus (19.1K tons)
- Russia (17.0K tons)
- Poland (4.1K tons)
- Ukraine (3.1K tons)
- Czech Republic (1.5K tons)
- Turkey (1.3K tons)
- Italy (0.8K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania
In 2022, shipments abroad of iron or non-alloy steel wire, not plated or coateds decreased by -47.9% to 24K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of 46K tons, and then declined sharply in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds contracted significantly to $27M in 2022. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, the exports attained the peak of $42M, and then reduced dramatically in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.4 | 7.9 | 16.3 | 7.3 | 4.5% |
| Latvia | 4.2 | 3.8 | 6.8 | 5.8 | 11.4% |
| Germany | 3.0 | 2.8 | 4.4 | 4.0 | 10.1% |
| Czech Republic | 1.7 | 1.3 | 4.2 | 3.5 | 27.2% |
| Estonia | 1.0 | 1.5 | 3.4 | 2.7 | 39.2% |
| Netherlands | 2.9 | 2.9 | 4.5 | 1.8 | -14.7% |
| Austria | 0.4 | 0.5 | 0.9 | 0.7 | 20.5% |
| Finland | 0.2 | 1.1 | 0.4 | 0.4 | 26.0% |
| Others | 1.2 | 0.6 | 1.4 | 1.1 | -2.9% |
| Total | 21.1 | 22.6 | 42.3 | 27.4 | 9.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Lithuania in 2022:
- Poland (6.6K tons)
- Latvia (5.3K tons)
- Czech Republic (3.4K tons)
- Germany (3.4K tons)
- Estonia (2.2K tons)
- Netherlands (1.7K tons)
- Austria (0.6K tons)
- Finland (0.2K tons)
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