Estonia - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Estonia - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights

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Non-Alloy Steel U-Section Price in Estonia - 2023

Contents:

  1. Non-Alloy Steel U-Section Price in Estonia (CIF) - 2023
  2. Non-Alloy Steel U-Section Price in Estonia (FOB) - 2023
  3. Non-Alloy Steel U-Section Imports in Estonia
  4. Non-Alloy Steel U-Section Exports in Estonia

Non-Alloy Steel U-Section Price in Estonia (CIF) - 2023

In September 2023, the average non-alloy steel u-section import price amounted to $955 per ton, rising by 4.6% against the previous month. In general, the import price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 7.3% month-to-month. Over the period under review, average import prices hit record highs at $1,230 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Latvia ($1,047 per ton) and Luxembourg ($979 per ton), while the price for Germany ($889 per ton) and the Czech Republic ($920 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (0.0%), while the prices for the other major suppliers experienced a decline.

Non-Alloy Steel U-Section Price in Estonia (FOB) - 2023

The average non-alloy steel u-section export price stood at $1,010 per ton in September 2023, waning by -4.3% against the previous month. Over the period under review, the export price saw a noticeable descent. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 1,057% month-to-month. As a result, the export price attained the peak level of $14,431 per ton. From December 2022 to September 2023, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Finland ($1,036 per ton), while the average price for exports to Lithuania ($995 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-1.5%), while the prices for the other major destinations experienced a decline.

Non-Alloy Steel U-Section Imports in Estonia

Non-alloy steel u-section imports into Estonia fell notably to 8.2K tons in 2022, shrinking by -22.2% against 2021. Over the period under review, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 11K tons, and then declined markedly in the following year.

In value terms, non-alloy steel u-section imports contracted modestly to $10M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. As a result, imports attained the peak of $10M, leveling off in the following year.

Import of Non-Alloy Steel U-Section in Estonia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland3.93.45.24.76.4%
Germany1.20.92.02.018.6%
LithuaniaN/A0.40.41.165.8%
Luxembourg0.20.61.11.176.5%
TurkeyN/AN/A0.10.5400.0%
Latvia0.10.50.80.226.0%
Ukraine0.6N/A0.40.1-45.0%
Others0.30.10.20.30.0%
Total6.45.810.110.116.4%

Top Suppliers of Non-Alloy Steel U-Section to Estonia in 2022:

  1. Poland (3.8K tons)
  2. Germany (1.6K tons)
  3. Lithuania (0.9K tons)
  4. Luxembourg (0.9K tons)
  5. Turkey (0.5K tons)
  6. Latvia (0.2K tons)
  7. Ukraine (0.1K tons)

Non-Alloy Steel U-Section Exports in Estonia

Non-alloy steel u-section exports from Estonia skyrocketed to 3.1K tons in 2022, picking up by 56% compared with the previous year. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +59.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel u-section exports surged to $3.6M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Non-Alloy Steel U-Section in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia1,1991,0122,0461,75813.6%
Russia25.646.67.81,595296.4%
Finland213288172158-9.5%
Lithuania53.819.845.337.4-11.4%
Others7.422.05.829.758.9%
Total1,4991,3882,2773,57833.6%

Top Export Markets for Non-Alloy Steel U-Section from Estonia in 2022:

  1. Latvia (1491.1 tons)
  2. Russia (1410.9 tons)
  3. Finland (140.9 tons)
  4. Lithuania (31.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-alloy steel u-section market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)

Country coverage:

  • Estonia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Estonia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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