Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,202 per ton in 2022, increasing by 31% against the previous year. In general, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,931 per ton), while the price for Belarus ($936 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,271 per ton, falling by -7.6% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $1,376 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($20,240 per ton), while the average price for exports to Lithuania ($1,159 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 (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia
In 2022, approx. 9.7K tons of iron or non-alloy steel wire, not plated or coateds were imported into Latvia; reducing by -35.1% on 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds shrank to $12M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports reached the peak of $14M, and then fell in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 4.5 | 3.7 | 8.0 | 6.3 | 11.9% |
| Russia | 2.6 | 0.5 | 2.0 | 1.3 | -20.6% |
| Italy | 0.3 | 0.7 | 0.5 | 1.2 | 58.7% |
| Ukraine | 0.3 | 0.1 | 0.1 | 0.7 | 32.6% |
| Czech Republic | N/A | 0.4 | 0.8 | 0.5 | 11.8% |
| Belarus | 1.7 | 1.3 | 1.6 | 0.4 | -38.3% |
| Poland | 0.5 | 0.1 | N/A | 0.4 | -7.2% |
| Others | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
| Total | 10.3 | 7.2 | 13.6 | 11.6 | 4.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Latvia in 2022:
- Lithuania (5.3K tons)
- Russia (1.2K tons)
- Ukraine (0.6K tons)
- Italy (0.6K tons)
- Czech Republic (0.5K tons)
- Belarus (0.4K tons)
- Poland (0.3K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia
In 2022, shipments abroad of iron or non-alloy steel wire, not plated or coateds decreased by -27.6% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 162%. As a result, the exports attained the peak of 1.7K tons, and then dropped markedly in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds contracted markedly to $1.6M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 348% against the previous year. As a result, the exports reached the peak of $2.4M, and then contracted rapidly in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.2 | 9.3 | 991 | 1,151 | 1692.0% |
| Lithuania | 16.3 | 107 | 547 | 229 | 141.3% |
| Estonia | 235 | 11.0 | 289 | 192 | -6.5% |
| Finland | 41.8 | 3.6 | 15.6 | 17.7 | -24.9% |
| Russia | 21.0 | 379 | 13.7 | 1.2 | -61.5% |
| Norway | 30.2 | 4.3 | 152 | N/A | 124.3% |
| Poland | N/A | 17.7 | 366 | N/A | 1967.8% |
| Others | 58.6 | N/A | 6.1 | 1.5 | -70.5% |
| Total | 403 | 532 | 2,381 | 1,592 | 58.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Latvia in 2022:
- Sweden (897.7 tons)
- Lithuania (197.6 tons)
- Estonia (144.2 tons)
- Finland (12.8 tons)
- Russia (0.1 tons)
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