Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,171 per ton in January 2024, stabilizing at the previous month. In general, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in August 2023 an increase of 16% m-o-m. The import price peaked at $2,005 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($3,331 per ton), while the price for the United Arab Emirates ($847 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.9%), 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 Lithuania (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,341 per ton, surging by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. The export price peaked at $1,416 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,202 per ton), while the average price for exports to Poland ($1,103 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 France (+10.5%), 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 Zinc in Lithuania
In 2022, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -13% to 3.5K tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports reached the peak of 6.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs surged to $7.4M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 Zinc in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 928 | 1,005 | 1,108 | 1,812 | 25.0% |
| Czech Republic | 1,340 | 1,367 | 1,336 | 1,561 | 5.2% |
| Slovakia | 556 | 537 | 267 | 1,260 | 31.4% |
| Poland | 23.3 | 8.4 | 194 | 876 | 235.0% |
| China | 642 | 427 | 534 | 709 | 3.4% |
| Ukraine | 580 | 384 | 236 | 691 | 6.0% |
| United Arab Emirates | N/A | N/A | N/A | 134 | 0% |
| Russia | 1,775 | 1,693 | 1,503 | 19.4 | -77.8% |
| Latvia | 19.8 | 898 | 242 | 11.6 | -16.3% |
| Others | 315 | 249 | 313 | 345 | 3.1% |
| Total | 6,181 | 6,570 | 5,733 | 7,419 | 6.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Lithuania in 2022:
- Germany (867.7 tons)
- Czech Republic (817.8 tons)
- Slovakia (590.2 tons)
- Ukraine (429.8 tons)
- Poland (382.8 tons)
- China (210.5 tons)
- United Arab Emirates (99.9 tons)
- Russia (15.9 tons)
- Latvia (6.2 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -69.2% to 728 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a tangible increase. The growth pace was the most rapid in 2020 with an increase of 359%. As a result, the exports reached the peak of 3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs plummeted to $976K in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 208%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.0 | 202 | 501 | 310 | 272.5% |
| Latvia | 58.8 | 1,429 | 960 | 282 | 68.6% |
| Germany | 372 | 465 | 510 | 238 | -13.8% |
| Romania | 31.9 | 32.6 | 82.1 | 29.8 | -2.2% |
| Russia | 122 | 118 | 134 | 26.2 | -40.1% |
| Belarus | 138 | 96.4 | 59.8 | 9.2 | -59.5% |
| Others | 110 | 240 | 295 | 81.5 | -9.5% |
| Total | 839 | 2,583 | 2,542 | 976 | 5.2% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Lithuania in 2022:
- Poland (281.2 tons)
- Latvia (195.3 tons)
- Germany (181.7 tons)
- Romania (18.0 tons)
- Russia (11.9 tons)
- Belarus (6.1 tons)
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