Price for Steel, Stainless; Angles, Shapes and Sections in Latvia - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Latvia (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Latvia (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Latvia
- Exports of Steel, Stainless; Angles, Shapes and Sections in Latvia
Price for Steel, Stainless; Angles, Shapes and Sections in Latvia (CIF) - 2022
The average import price for steel, stainless stood at $8,903 per ton in 2022, with an increase of 46% against the previous year. Overall, the import price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 189% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($14,263 per ton), while the price for Lithuania ($5,640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+43.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Latvia (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $14,561 per ton, increasing by 38% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 325% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($16,711 per ton), while the average price for exports to Norway ($4,120 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 Russia (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Angles, Shapes and Sections in Latvia
For the third consecutive year, Latvia recorded decline in overseas purchases of steel, stainless, which decreased by -36% to 68 tons in 2022. Over the period under review, imports faced a dramatic setback. The smallest decline of -19% was in 2021.
In value terms, imports of steel, stainless declined to $607K in 2022. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of $791K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.8 | 137 | 36.4 | 256 | 171.4% |
| Poland | 97.9 | 147 | 97.7 | 165 | 19.0% |
| Estonia | 34.4 | 15.1 | 25.2 | 66.3 | 24.4% |
| Netherlands | 8.8 | 58.6 | 33.6 | 59.1 | 88.7% |
| Denmark | 281 | 153 | 223 | 27.9 | -53.7% |
| Lithuania | 237 | 50.0 | 128 | 27.2 | -51.4% |
| Switzerland | N/A | 188 | N/A | N/A | 0% |
| Others | 47.5 | 42.9 | 108 | 6.4 | -48.7% |
| Total | 719 | 791 | 651 | 607 | -5.5% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Latvia in 2022:
- Poland (20.5 tons)
- Germany (17.9 tons)
- Estonia (11.3 tons)
- Netherlands (9.3 tons)
- Lithuania (4.8 tons)
- Denmark (4.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of steel, stainless, which increased by 30% to 18 tons in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 302% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, stainless surged to $256K in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 415%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Steel, Stainless; Angles, Shapes and Sections in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.4 | 67.5 | 229 | 2292.7% |
| Georgia | N/A | N/A | N/A | 12.8 | 0% |
| Lithuania | 0.8 | 17.4 | 29.7 | 8.5 | 119.8% |
| Estonia | 16.3 | 8.2 | 6.9 | 3.1 | -42.5% |
| Norway | N/A | 3.3 | 3.3 | 1.2 | -39.7% |
| Germany | N/A | 63.1 | 34.3 | 0.6 | -90.2% |
| Switzerland | N/A | 8.1 | 0.2 | N/A | -97.5% |
| Others | 2.5 | N/A | 0.6 | 0.9 | -28.9% |
| Total | 19.5 | 100 | 142 | 256 | 135.9% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Latvia in 2022:
- Russia (14.6 tons)
- Lithuania (1.4 tons)
- Georgia (0.8 tons)
- Estonia (0.3 tons)
- Norway (0.3 tons)
504
This report provides an in-depth analysis of the stainless steel angle market in Latvia.
166
This report provides an in-depth analysis of the market for forged stainless steel bar in Latvia.
104
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in Latvia.
644
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Latvia.
1399
This report provides an in-depth analysis of the global stainless steel angle market.
672
This report provides an in-depth analysis of the global market for forged stainless steel bar.
528
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
1705
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
504
This report provides an in-depth analysis of the stainless steel angle market in Latvia.
166
This report provides an in-depth analysis of the market for forged stainless steel bar in Latvia.
1438
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
970
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
1127
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
120
Global demand for forged stainless steel bar is forecasted to increase over the next seven years, with the market volume expected to reach 4.3M tons and value to reach $22.1B by 2030. China leads in consumption and production, while India and the United States also play significant roles in the market. Import and export prices and trends are analyzed, with India emerging as a major exporter of forged stainless steel bars.
160
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1476
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4358
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1175
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
1438
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
970
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
