Price for Steel Alloy Wire of Silico-Manganese Steel in Lithuania - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Lithuania (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in Lithuania (FOB) - 2024
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Lithuania
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Lithuania
Price for Steel Alloy Wire of Silico-Manganese Steel in Lithuania (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,565 per ton in January 2024, shrinking by -44% against the previous month. In general, the import price showed a slight descent. The growth pace was the most rapid in December 2023 an increase of 71% month-to-month. As a result, import price attained the peak level of $2,798 per ton, and then reduced markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,513 per ton), while the price for China ($957 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Silico-Manganese Steel in Lithuania (FOB) - 2024
The average export price for steel alloy wire of silico-manganese steels stood at $2,175 per ton in January 2024, waning by -61% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 249% month-to-month. As a result, the export price attained the peak level of $5,580 per ton, and then reduced rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($4,166 per ton), while the average price for exports to Estonia ($1,234 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Lithuania
In 2022, approx. 1.8K tons of steel alloy wire of silico-manganese steels were imported into Lithuania; falling by -10.3% compared with 2021 figures. Overall, imports recorded a mild reduction. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports attained the peak of 2K tons, and then reduced in the following year.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 946 | 795 | 1,049 | 1,151 | 6.8% |
| Finland | 972 | 879 | 1,202 | 1,059 | 2.9% |
| Estonia | 10.6 | 19.3 | 4.7 | 633 | 290.9% |
| Italy | 127 | 140 | 242 | 308 | 34.4% |
| Turkey | 230 | 139 | 247 | 262 | 4.4% |
| Ukraine | N/A | N/A | 122 | 206 | 68.9% |
| Germany | 29.8 | 19.4 | 61.5 | 146 | 69.8% |
| Poland | 50.4 | 92.1 | 247 | 126 | 35.7% |
| Sweden | 45.6 | 177 | 216 | 111 | 34.5% |
| Others | 10.9 | 20.0 | 5.9 | 27.8 | 36.6% |
| Total | 2,422 | 2,281 | 3,396 | 4,028 | 18.5% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Lithuania in 2022:
- China (653.0 tons)
- Finland (371.8 tons)
- Estonia (297.8 tons)
- Turkey (127.3 tons)
- Italy (126.5 tons)
- Ukraine (105.9 tons)
- Germany (51.0 tons)
- Poland (49.7 tons)
- Sweden (35.8 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Lithuania
Exports of steel alloy wire of silico-manganese steels from Lithuania surged to 601 tons in 2022, growing by 26% against the previous year. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $1.7M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 195 | 111 | 238 | 843 | 62.9% |
| Latvia | 282 | 239 | 372 | 431 | 15.2% |
| Armenia | N/A | N/A | N/A | 200 | 0% |
| Estonia | 100 | 113 | 166 | 131 | 9.4% |
| Kazakhstan | N/A | N/A | N/A | 38.3 | 0% |
| Belarus | 41.6 | 50.8 | 42.0 | 33.7 | -6.8% |
| Romania | 36.7 | N/A | N/A | N/A | 0% |
| Others | 65.4 | 4.1 | 1.5 | 42.3 | -13.5% |
| Total | 721 | 518 | 819 | 1,721 | 33.6% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Lithuania in 2022:
- Russia (235.3 tons)
- Latvia (225.4 tons)
- Estonia (72.2 tons)
- Kazakhstan (20.7 tons)
- Belarus (19.4 tons)
- Armenia (14.1 tons)
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