Price for Steel, Alloy; Semi-Finished Products in Lithuania - 2023

Price for Steel, Alloy; Semi-Finished Products in Lithuania (CIF) - 2022

The average steel, alloy; semi-finished products import price stood at $2,155 per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 111%. Over the period under review, average import prices reached the maximum at $5,026 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($2,653 per ton), while the price for China ($1,839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Alloy; Semi-Finished Products in Lithuania (FOB) - 2022

In 2022, the average steel, alloy; semi-finished products export price amounted to $3,314 per ton, surging by 68% against the previous year. Over the period under review, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2014 an increase of 133%. As a result, the export price attained the peak level of $8,231 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($46,375 per ton), while the average price for exports to Russia ($2,193 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 Kazakhstan (+102.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Alloy; Semi-Finished Products in Lithuania

In 2022, the amount of steel, alloy; semi-finished productses imported into Lithuania soared to 116 tons, increasing by 40% on the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 192% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, steel, alloy; semi-finished products imports skyrocketed to $250K in 2022. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Steel, Alloy; Semi-Finished Products in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	N/A	N/A	172	0%
Poland	0.4	1.7	18.2	31.5	328.6%
Germany	67.7	42.5	43.9	18.4	-35.2%
Austria	74.6	17.4	15.5	7.6	-53.3%
Italy	2.4	0.4	46.6	N/A	340.6%
Ukraine	N/A	9.2	N/A	N/A	0%
Others	N/A	0.4	27.4	20.2	610.6%
Total	145	71.7	152	250	19.9%

Top Suppliers of Steel, Alloy; Semi-Finished Products to Lithuania in 2022:

China (93.4 tons)
Poland (11.9 tons)
Germany (8.0 tons)
Austria (0.7 tons)

Exports of Steel, Alloy; Semi-Finished Products in Lithuania

Steel, alloy; semi-finished products exports from Lithuania surged to 23 tons in 2022, picking up by 46% on the previous year. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 2,701% against the previous year.

In value terms, steel, alloy; semi-finished products exports soared to $77K in 2022. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 1,212%.