Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (CIF) - 2023
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,254 per ton in October 2023, remaining constant against the previous month. Over the period under review, import price indicated a measured increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for stainless steel bars and rods, angles, shapes and sectionses decreased by +0.4% against July 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 89% month-to-month. The import price peaked at $5,677 per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($21,502 per ton), while the price for India ($3,271 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $5,654 per ton in 2022, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 30%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($12,131 per ton), while the average price for exports to the Netherlands ($3,294 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 the UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Lithuania reduced to 2.2K tons, dropping by -8.7% compared with the year before. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7%.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses amounted to $9.5M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.8 | 2.7 | 4.1 | 4.3 | 15.4% |
| Germany | 0.9 | 0.8 | 0.9 | 1.0 | 3.6% |
| Spain | 2.2 | 0.8 | 0.7 | 1.0 | -23.1% |
| Italy | 0.7 | 0.7 | 0.9 | 0.8 | 4.6% |
| Estonia | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| India | 0.7 | 0.2 | 0.3 | 0.3 | -24.6% |
| China | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 1.3 | 0.9 | 1.5 | 1.3 | 0.0% |
| Total | 9.1 | 6.5 | 9.0 | 9.5 | 1.4% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Lithuania in 2022:
- Poland (1134.9 tons)
- Germany (241.2 tons)
- Spain (237.3 tons)
- Italy (112.3 tons)
- India (99.1 tons)
- Estonia (95.3 tons)
- China (70.7 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania
In 2022, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses decreased by -31% to 420 tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 6.4%. As a result, the exports attained the peak of 640 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses declined rapidly to $2.4M in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 24%.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 540 | 938 | 836 | 733 | 10.7% |
| Estonia | 483 | 340 | 904 | 616 | 8.4% |
| Belarus | 337 | 218 | 257 | 208 | -14.9% |
| Russia | 675 | 529 | 319 | 113 | -44.9% |
| United Kingdom | 3.2 | 3.6 | 65.2 | 104 | 219.1% |
| Norway | 52.8 | 20.4 | 71.5 | 69.4 | 9.5% |
| Poland | 169 | 66.0 | 118 | 69.3 | -25.7% |
| Ukraine | 122 | 55.7 | 134 | 37.6 | -32.5% |
| Netherlands | N/A | N/A | 34.0 | 28.2 | -17.1% |
| Sweden | 429 | 31.9 | N/A | 14.4 | -67.7% |
| Others | 138 | 139 | 154 | 381 | 40.3% |
| Total | 2,949 | 2,342 | 2,892 | 2,374 | -7.0% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Lithuania in 2022:
- Latvia (166.5 tons)
- Estonia (129.8 tons)
- Belarus (37.2 tons)
- Norway (20.1 tons)
- Russia (9.3 tons)
- United Kingdom (9.1 tons)
- Netherlands (8.5 tons)
- Ukraine (7.2 tons)
- Poland (5.7 tons)
- Sweden (1.9 tons)
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