Price for Iron or Steel; Cast Articles in Lithuania - 2023

Contents:

1. Price for Iron or Steel; Cast Articles in Lithuania (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Lithuania (FOB) - 2023
3. Imports of Iron or Steel; Cast Articles in Lithuania
4. Exports of Iron or Steel; Cast Articles in Lithuania

Price for Iron or Steel; Cast Articles in Lithuania (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,081 per ton, growing by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($19,181 per ton), while the price for Turkey ($1,615 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Lithuania (FOB) - 2023

In August 2023, the average export price for iron or steel; cast articleses amounted to $2,705 per ton, waning by -2.5% against the previous month. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in June 2023 an increase of 30% against the previous month. The export price peaked at $10,680 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($6,500 per ton), while the average price for exports to Slovenia ($2,148 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel; Cast Articles in Lithuania

In 2022, supplies from abroad of iron or steel; cast articleses decreased by -6.9% to 5.5K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 3%. As a result, imports reached the peak of 6.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel; cast articles imports reached $11M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 3.6%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Iron or Steel; Cast Articles to Lithuania in 2022:

1. Turkey (2637.6 tons)
2. China (825.6 tons)
3. Poland (473.6 tons)
4. Czech Republic (412.5 tons)
5. Germany (268.6 tons)
6. Latvia (232.4 tons)
7. Belgium (211.5 tons)
8. France (153.5 tons)
9. Finland (104.6 tons)
10. Italy (61.9 tons)
11. Belarus (37.8 tons)
12. India (0.9 tons)

Exports of Iron or Steel; Cast Articles in Lithuania

In 2022, exports of iron or steel; cast articleses from Lithuania declined remarkably to 2.9K tons, dropping by -44% against the year before. Over the period under review, exports showed a pronounced curtailment. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. As a result, the exports attained the peak of 5.3K tons, and then fell markedly in the following year.

In value terms, iron or steel; cast articles exports contracted to $8.1M in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of $9.5M, and then contracted in the following year.

Top Export Markets for Iron or Steel; Cast Articles from Lithuania in 2022:

1. Finland (805.7 tons)
2. Poland (339.0 tons)
3. Latvia (322.4 tons)
4. Czech Republic (213.8 tons)
5. Austria (206.0 tons)
6. Slovakia (182.1 tons)
7. Belarus (175.6 tons)
8. Romania (142.4 tons)
9. Estonia (120.0 tons)
10. Russia (67.4 tons)

Source: IndexBox Market Intelligence Platform