Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia - 2023

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia (FOB) - 2022
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia (CIF) - 2023
3. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia
4. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia (FOB) - 2022

In 2022, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,052 per ton, rising by 35% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 an increase of 99% against the previous year. The export price peaked at $1,681 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Finland ($1,263 per ton) and France ($1,130 per ton), while the average price for exports to Sweden ($964 per ton) and the Czech Republic ($1,026 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia (CIF) - 2023

The average import price for granules and powders, of pig iron, spiegeleisen, iron or steels stood at $933 per ton in August 2023, shrinking by -13.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 16% against the previous month. Over the period under review, average import prices hit record highs at $1,081 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($30,380 per ton), while the price for Russia ($875 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+63.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia

After three years of growth, shipments abroad of granules and powders, of pig iron, spiegeleisen, iron or steels decreased by -56.4% to 1.7K tons in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 108% against the previous year.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels dropped markedly to $1.7M in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 103%.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from Latvia in 2022:

1. Czech Republic (708.3 tons)
2. Poland (532.5 tons)
3. Lithuania (150.8 tons)
4. Romania (131.9 tons)
5. France (44.0 tons)
6. Slovakia (23.0 tons)
7. Finland (1.7 tons)

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in Latvia

Imports of granules and powders, of pig iron, spiegeleisen, iron or steels into Latvia surged to 1.6K tons in 2022, picking up by 95% on the previous year's figure. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of granules and powders, of pig iron, spiegeleisen, iron or steels skyrocketed to $1.6M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to Latvia in 2022:

1. Russia (1151.3 tons)
2. Germany (169.2 tons)
3. Poland (96.5 tons)
4. Czech Republic (72.0 tons)
5. Lithuania (32.6 tons)
6. Estonia (13.0 tons)