Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $2,432 per ton in 2022, jumping by 81% against the previous year. Overall, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the Netherlands ($6,597 per ton), while the price for China ($1,372 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.1%), 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 Zinc in Latvia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,700 per ton, which is down by -17% against the previous year. Overall, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 143%. As a result, the export price attained the peak level of $4,838 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($8,551 per ton), while the average price for exports to Poland ($935 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 Sweden (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia
For the third year in a row, Latvia recorded decline in overseas purchases of iron or non-alloy steel wire, plated or coated with zincs, which decreased by -76.8% to 779 tons in 2022. Overall, imports showed a precipitous decline. The smallest decline of -11.5% was in 2020.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs fell rapidly to $1.9M in 2022. Over the period under review, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of $4.5M, and then declined markedly in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 357 | 535 | 896 | 893 | 35.7% |
| Lithuania | 276 | 1,532 | 1,980 | 427 | 15.7% |
| China | 48.6 | 67.9 | 109 | 296 | 82.6% |
| Poland | 106 | 34.3 | 131 | 93.6 | -4.1% |
| Germany | 115 | 52.2 | 82.0 | 52.6 | -23.0% |
| Turkey | 1,948 | 280 | 91.5 | 35.8 | -73.6% |
| Estonia | 12.1 | 10.7 | 140 | 32.6 | 39.1% |
| Russia | 541 | 893 | 603 | N/A | 5.6% |
| Luxembourg | 168 | 128 | 29.9 | N/A | -57.8% |
| Others | 201 | 165 | 426 | 63.0 | -32.1% |
| Total | 3,771 | 3,698 | 4,489 | 1,893 | -20.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Latvia in 2022:
- Lithuania (268.8 tons)
- China (215.5 tons)
- Netherlands (135.4 tons)
- Poland (53.7 tons)
- Turkey (25.2 tons)
- Estonia (22.6 tons)
- Germany (20.5 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia
For the fourth year in a row, Latvia recorded growth in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, which increased by 196% to 199 tons in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs soared to $537K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 420% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 14.8 | 115 | 122 | 404 | 201.1% |
| Poland | 1.0 | N/A | N/A | 64.8 | 301.7% |
| Sweden | 7.1 | 31.4 | 48.8 | 34.6 | 69.5% |
| Estonia | 6.8 | 13.3 | 39.0 | 22.2 | 48.3% |
| Denmark | N/A | N/A | N/A | 5.3 | 0% |
| Russia | 2.0 | 12.1 | 5.5 | N/A | 65.8% |
| Others | 1.4 | 1.0 | 3.1 | 5.6 | 58.7% |
| Total | 33.2 | 173 | 218 | 537 | 152.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Latvia in 2022:
- Lithuania (115.0 tons)
- Poland (69.3 tons)
- Estonia (6.1 tons)
- Sweden (4.0 tons)
- Denmark (3.0 tons)
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