Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia - 2024

Contents:

1. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia (CIF) - 2022
2. Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia (FOB) - 2022
3. Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia
4. Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia (CIF) - 2022

In 2022, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $7,274 per ton, falling by -12.4% against the previous year. Overall, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 an increase of 116% against the previous year. Over the period under review, average import prices reached the peak figure at $8,306 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,572 per ton), while the price for Poland ($4,195 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia (FOB) - 2022

The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $10,232 per ton in 2022, shrinking by -7% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 145%. The export price peaked at $15,531 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($10,939 per ton), while the average price for exports to Turkey ($6,099 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 Germany (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia

For the fourth consecutive year, Latvia recorded growth in purchases abroad of stainless steel, flat-rolled, width less than 600mm, cold-rolleds, which increased by 15% to 819 tons in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 88%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds totaled $6M in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 265%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Latvia in 2022:

1. Denmark (274.2 tons)
2. Germany (192.9 tons)
3. Italy (126.8 tons)
4. Poland (66.5 tons)
5. Sweden (61.9 tons)
6. Lithuania (32.2 tons)
7. Turkey (23.0 tons)
8. Russia (19.1 tons)

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Latvia

Exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from Latvia shrank significantly to 81 tons in 2022, falling by -23.2% against 2021 figures. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,727%. As a result, the exports reached the peak of 106 tons, and then reduced markedly in the following year.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds contracted remarkably to $832K in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 3,181% against the previous year. As a result, the exports reached the peak of $1.2M, and then reduced notably in the following year.

Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Latvia in 2022:

1. Russia (67.9 tons)
2. Turkey (6.9 tons)
3. Denmark (2.6 tons)
4. Germany (2.3 tons)

Source: IndexBox Market Intelligence Platform