Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,431 per ton in 2022, declining by -21.5% against the previous year. In general, the import price showed a pronounced descent. The growth pace was the most rapid in 2018 an increase of 65%. Over the period under review, average import prices attained the maximum at $2,613 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($6,845 per ton), while the price for Spain ($1,282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+82.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $3,866 per ton, growing by 12% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($5,197 per ton), while the average price for exports to Lithuania ($641 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 Estonia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia
Imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into Latvia surged to 2.5K tons in 2022, jumping by 341% on 2021 figures. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses skyrocketed to $3.6M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 38.6 | 11.8 | 258 | 1,581 | 244.7% |
| Estonia | 198 | 272 | 521 | 854 | 62.8% |
| Spain | N/A | N/A | N/A | 514 | 0% |
| Portugal | N/A | N/A | 83.1 | 489 | 488.4% |
| Italy | 95.7 | 35.5 | 0.3 | 65.4 | -11.9% |
| Others | 46.5 | 26.3 | 188 | 136 | 43.0% |
| Total | 379 | 346 | 1,051 | 3,639 | 112.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Latvia in 2022:
- Lithuania (1203.8 tons)
- Estonia (537.2 tons)
- Spain (400.8 tons)
- Portugal (316.7 tons)
- Italy (39.2 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia
Exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses from Latvia reduced markedly to 2.2 tons in 2022, falling by -53.9% on 2021. Over the period under review, exports saw a sharp reduction. The smallest decline of -7.6% was in 2021.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses declined rapidly to $8.6K in 2022. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 31%.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 7.8 | 8.2 | 12.3 | 7.1 | -3.1% |
| Russia | 4.2 | 2.1 | 4.2 | 1.3 | -32.4% |
| Lithuania | 5.2 | 0.3 | 0.1 | 0.1 | -73.2% |
| Uzbekistan | 47.3 | N/A | N/A | N/A | 0% |
| Finland | N/A | 1.8 | N/A | N/A | 0% |
| Others | 0.6 | 0.1 | N/A | 0.1 | -45.0% |
| Total | 65.0 | 12.7 | 16.6 | 8.6 | -49.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Latvia in 2022:
- Estonia (1785.0 kg)
- Russia (241.0 kg)
- Lithuania (185.0 kg)
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This report provides an in-depth analysis of the market for iron and steel wire in Latvia.
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