Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $13,994 per ton, jumping by 17% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 steel; non-threaded cotters and cotter-pinses increased by +60.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 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 United States ($36,132 per ton), while the price for Italy ($3,194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $9,187 per ton, which is down by -35.5% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 88% against the previous year. As a result, the export price attained the peak level of $25,271 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 ($14,521 per ton), while the average price for exports to Latvia ($4,246 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 Kyrgyzstan (+105.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania
In 2022, purchases abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -21.8% to 88 tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports reached the peak of 145 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses reduced to $1.2M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.3 | 56.0 | 306 | 561 | 142.6% |
| Germany | 236 | 231 | 461 | 276 | 5.4% |
| Poland | 118 | 79.1 | 60.3 | 80.8 | -11.9% |
| Italy | 69.1 | 74.2 | 82.1 | 65.8 | -1.6% |
| Estonia | 39.4 | 65.0 | 105 | 60.9 | 15.6% |
| Sweden | 112 | 98.0 | 72.8 | 29.6 | -35.8% |
| China | 30.0 | 55.9 | 20.1 | 23.2 | -8.2% |
| Austria | 2.2 | 18.6 | 27.0 | 20.4 | 110.1% |
| Belgium | 27.0 | 380 | 69.1 | 10.8 | -26.3% |
| India | 8.5 | 46.9 | 1.3 | 4.1 | -21.6% |
| Others | 181 | 155 | 144 | 103 | -17.1% |
| Total | 863 | 1,261 | 1,349 | 1,236 | 12.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Lithuania in 2022:
- Italy (20.6 tons)
- Germany (19.0 tons)
- United States (15.5 tons)
- Poland (14.2 tons)
- China (4.5 tons)
- Estonia (4.4 tons)
- Austria (2.3 tons)
- Sweden (1.1 tons)
- Belgium (1.1 tons)
- India (0.6 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or steel; non-threaded cotters and cotter-pinses, when their volume increased by 22% to 12 tons. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. 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 steel; non-threaded cotters and cotter-pinses dropped sharply to $107K in 2022. In general, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 16%. As a result, the exports reached the peak of $214K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 82.0 | 133 | 57.5 | 29.1 | -29.2% |
| Latvia | 14.0 | 11.9 | 10.4 | 17.7 | 8.1% |
| Sweden | 5.5 | 10.6 | 17.7 | 9.0 | 17.8% |
| Kyrgyzstan | N/A | N/A | N/A | 8.1 | 0% |
| Belarus | 9.0 | 7.8 | 12.9 | 7.2 | -7.2% |
| Estonia | 9.6 | 16.8 | 4.7 | 6.4 | -12.6% |
| Bulgaria | 1.2 | 3.2 | 1.2 | 4.3 | 53.0% |
| Poland | 16.3 | 2.2 | 1.8 | 3.0 | -43.1% |
| Singapore | 17.5 | N/A | N/A | N/A | 0% |
| Others | 29.1 | 27.9 | 28.8 | 22.1 | -8.8% |
| Total | 184 | 214 | 135 | 107 | -16.5% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Lithuania in 2022:
- Latvia (4.2 tons)
- Russia (2.0 tons)
- Belarus (1.2 tons)
- Estonia (0.8 tons)
- Sweden (0.8 tons)
- Kyrgyzstan (0.7 tons)
- Bulgaria (0.4 tons)
- Poland (0.3 tons)
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