Price for Steel, Alloy; Semi-Finished Products in Latvia - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Latvia (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Latvia (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Latvia
- Exports of Steel, Alloy; Semi-Finished Products in Latvia
Price for Steel, Alloy; Semi-Finished Products in Latvia (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $3,005 per ton, with an increase of 19% against the previous year. In general, the import price posted prominent growth. The pace of growth was the most pronounced in 2014 an increase of 76%. Over the period under review, average import prices attained the maximum at $3,303 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($4,015 per ton), while the price for Turkey amounted to $2,711 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.8%).
Price for Steel, Alloy; Semi-Finished Products in Latvia (FOB) - 2022
The average steel, alloy; semi-finished products export price stood at $2,134 per ton in 2022, surging by 2.3% against the previous year. Overall, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 162%. As a result, the export price attained the peak level of $2,272 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($2,077 per ton), while the average price for exports to Poland totaled $2,056 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.1%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Semi-Finished Products in Latvia
In 2022, steel, alloy; semi-finished products imports into Latvia reduced notably to 146 tons, dropping by -39.7% compared with 2021 figures. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 242 tons, and then reduced sharply in the following year.
In value terms, steel, alloy; semi-finished products imports plummeted to $438K in 2022. Overall, imports recorded a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $611K, and then shrank notably in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 345 | 326 | 510 | 337 | -0.8% |
| Russia | N/A | 80.4 | 49.8 | 79.3 | -0.7% |
| Others | 138 | 24.9 | 50.5 | 22.3 | -45.5% |
| Total | 483 | 431 | 611 | 438 | -3.2% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Latvia in 2022:
- Turkey (124.1 tons)
- Russia (19.8 tons)
Exports of Steel, Alloy; Semi-Finished Products in Latvia
After three years of growth, overseas shipments of steel, alloy; semi-finished productses decreased by -56.3% to 71 tons in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 223% against the previous year.
In value terms, steel, alloy; semi-finished products exports fell dramatically to $151K in 2022. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 200% against the previous year.
| Export of Steel, Alloy; Semi-Finished Products in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 188 | 296 | 133 | -15.9% |
| Lithuania | 0.5 | 1.4 | 1.8 | 11.9 | 187.6% |
| Estonia | 104 | 120 | 24.0 | N/A | -52.0% |
| Belarus | N/A | 3.9 | 15.5 | N/A | 297.4% |
| Others | N/A | N/A | N/A | 6.1 | 0% |
| Total | 105 | 314 | 337 | 151 | 12.9% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Latvia in 2022:
- Poland (64.6 tons)
- Lithuania (5.7 tons)
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