Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $356,167 per ton, rising by 3,209% against the previous year. In general, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($534,736 per ton), while the price for Estonia ($14,300 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 (+69.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $1,582 per ton, growing by 7% against the previous year. Overall, the export price, however, showed a sharp setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs at $46,247 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Russia ($6,892 per ton), while the average price for exports to Sweden ($1,488 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.4%).
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia
In 2022, after two years of decline, there was significant growth in purchases abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia, when their volume increased by 18% to 2.9 tons. In general, imports, however, continue to indicate a dramatic setback.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $1M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 657 | 0% |
| Sweden | N/A | N/A | N/A | 257 | 0% |
| Italy | N/A | N/A | N/A | 48.7 | 0% |
| Poland | 2.5 | 29.1 | N/A | 2.6 | 1.3% |
| Estonia | 0.8 | 0.9 | 4.9 | 0.9 | 4.0% |
| Lithuania | N/A | 5.8 | 0.3 | 0.4 | -73.7% |
| Finland | 75.8 | N/A | N/A | N/A | 0% |
| Denmark | N/A | N/A | 20.4 | N/A | 0% |
| Others | 1.3 | 0.5 | 1.2 | 82.0 | 298.1% |
| Total | 80.4 | 36.2 | 26.8 | 1,048 | 135.3% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Latvia in 2022:
- United Kingdom (2136.0 kg)
- Sweden (576.0 kg)
- Italy (91.0 kg)
- Estonia (60.0 kg)
- Lithuania (37.0 kg)
- Poland (6.0 kg)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia
For the fourth year in a row, Latvia recorded growth in shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia, which increased by 326% to 420 tons in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 495% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $665K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 120 | 552 | 360.0% |
| Lithuania | N/A | N/A | N/A | 62.9 | 0% |
| Russia | N/A | N/A | N/A | 48.7 | 0% |
| Estonia | N/A | 44.1 | 25.7 | 0.4 | -90.5% |
| Others | 41.2 | 9.3 | N/A | 0.5 | -77.0% |
| Total | 41.2 | 53.4 | 146 | 665 | 152.7% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Latvia in 2022:
- Sweden (371.1 tons)
- Lithuania (41.8 tons)
- Russia (7.1 tons)
- Estonia (0.2 tons)
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