Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania (CIF) - 2023

In September 2023, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,412 per ton, with an increase of 5.1% against the previous month. In general, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices hit record highs at $1,662 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,642 per ton), while the price for Germany ($1,574 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $2,257 per ton in 2022, which is down by -45.5% against the previous year. In general, the export price, however, continues to indicate a slight expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 88%. The export price peaked at $4,142 per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($7,711 per ton), while the average price for exports to Latvia ($1,210 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 Ukraine (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania

In 2022, imports of alloy steel flat-rolled products, of a width of less than 600mms into Lithuania shrank to 1.4K tons, which is down by -7.5% compared with the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 1.5K tons, and then dropped in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms declined to $2.4M in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. As a result, imports reached the peak of $2.7M, and then fell in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Lithuania in 2022:

1. Germany (1094.8 tons)
2. Latvia (121.5 tons)
3. Poland (111.3 tons)
4. United Kingdom (4.7 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Lithuania

Exports of alloy steel flat-rolled products, of a width of less than 600mms from Lithuania skyrocketed to 202 tons in 2022, with an increase of 81% on 2021 figures. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 239%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms shrank to $457K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Lithuania in 2022:

1. Latvia (106.3 tons)
2. Estonia (31.1 tons)
3. Russia (30.3 tons)
4. Kazakhstan (26.2 tons)

Source: IndexBox Market Intelligence Platform