Price for Steel, Stainless; Ingots and Other Primary Forms in Lithuania - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Lithuania (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Lithuania (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Lithuania
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Lithuania
Price for Steel, Stainless; Ingots and Other Primary Forms in Lithuania (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $5,442 per ton, which is down by -17.9% against the previous year. In general, the import price, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 an increase of 258%. As a result, import price reached the peak level of $6,630 per ton, and then dropped notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,075 per ton), while the price for Estonia ($4,123 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Lithuania (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $5,196 per ton in 2022, leveling off at the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $53,400 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($21,220 per ton), while the average price for exports to Latvia ($2,068 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 (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Lithuania
In 2022, imports of steel, stainless; ingots and other primary formses into Lithuania skyrocketed to 43 tons, increasing by 315% compared with 2021. Over the period under review, imports, however, recorded a precipitous curtailment.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $232K in 2022. Overall, imports, however, faced a dramatic decrease.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 293 | 36.1 | 113 | 444.5% |
| Estonia | 3.4 | N/A | N/A | 95.9 | 204.4% |
| Finland | N/A | N/A | N/A | 18.4 | 0% |
| Poland | 17.0 | 17.2 | 26.5 | 3.9 | -38.8% |
| Russia | 580 | 517 | N/A | N/A | -10.9% |
| Italy | 334 | N/A | 2.2 | N/A | -91.9% |
| Others | 43.0 | 1.7 | 3.3 | 0.5 | -77.3% |
| Total | 978 | 829 | 68.1 | 232 | -38.1% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Lithuania in 2022:
- Estonia (23.3 tons)
- Germany (14.1 tons)
- Finland (4.3 tons)
- Poland (0.8 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Lithuania
In 2022, approx. 8.1 tons of steel, stainless; ingots and other primary formses were exported from Lithuania; jumping by 218% on the year before. Overall, exports, however, faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 2,631% against the previous year.
In value terms, exports of steel, stainless; ingots and other primary formses skyrocketed to $42K in 2022. Over the period under review, exports, however, showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 554%.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 16.7 | 0% |
| Russia | 334 | N/A | 6.1 | 12.6 | -66.5% |
| Latvia | N/A | N/A | 4.3 | 8.2 | 90.7% |
| Belarus | 78.4 | 1.7 | N/A | 4.5 | -61.4% |
| Others | 1.2 | 0.3 | 2.6 | N/A | 47.2% |
| Total | 413 | 2.0 | 13.1 | 41.9 | -53.4% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Lithuania in 2022:
- Latvia (4.0 tons)
- Germany (3.5 tons)
- Russia (0.6 tons)
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