Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,254 per ton, increasing by 13% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +30.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 98%. As a result, import price reached the peak level of $4,804 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($3,406 per ton), while the price for Poland amounted to $3,164 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (FOB) - 2022
In 2020, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $45,667 per ton, increasing by 369% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2014 to 2020, the rate of growth in terms of prices for Sweden amounted to +14.4% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia
In 2022, overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were finally on the rise to reach 273 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible descent.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $889K in 2022. Overall, imports recorded moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 6.1 | N/A | 627 | 913.8% |
| Estonia | 216 | 138 | 98.9 | 246 | 4.4% |
| France | 554 | 33.3 | N/A | N/A | -94.0% |
| Others | 3.9 | 30.8 | 13.7 | 16.2 | 60.7% |
| Total | 773 | 208 | 113 | 889 | 4.8% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Latvia in 2022:
- Poland (198.3 tons)
- Estonia (72.1 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia
In 2020, approx. 6 kg of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were exported from Latvia; which is down by -45.5% against 2019. In general, exports saw a significant contraction.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $274 in 2020. Over the period under review, exports, however, continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Latvia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Estonia | N/A | 146 | 0% | ||
| Sweden | 107 | N/A | 0% | ||
| Others | N/A | 128 | 0% | ||
| Total | 107 | 274 | 156.1% | ||
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Latvia in 2022:
- Estonia (6.0 kg)
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