Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $9,367 per ton in 2022, jumping by 268% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 314% against the previous year. The import price peaked at $12,716 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Hungary ($21,173 per ton), while the price for Estonia ($2,862 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $24,110 per ton, increasing by 7.9% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 444% against the previous year. The export price peaked at $27,051 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($94,941 per ton), while the average price for exports to Spain ($2,793 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 Belarus (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania

After three years of growth, supplies from abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -42.1% to 62 tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 107 tons, and then fell notably in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $579K in 2022. In general, imports, however, saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Lithuania in 2022:

1. Poland (23.4 tons)
2. Hungary (14.2 tons)
3. Germany (10.8 tons)
4. Estonia (5.2 tons)
5. China (4.2 tons)
6. Latvia (3.1 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Lithuania

In 2022, shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s was finally on the rise to reach 17 tons after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $413K in 2022. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Lithuania in 2022:

1. Uzbekistan (7.7 tons)
2. Spain (5.2 tons)
3. Russia (1.8 tons)
4. Latvia (1.1 tons)
5. Norway (0.9 tons)
6. Ireland (0.3 tons)