Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $10,044 per ton in 2022, surging by 7.1% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 steel; non-threaded cotters and cotter-pinses increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the peak figure at $10,693 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($53,719 per ton), while the price for Ukraine ($2,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $18,307 per ton in 2022, jumping by 54% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 62%. Over the period under review, the average export prices reached the maximum at $19,254 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($36,037 per ton), while the average price for exports to Sweden ($8,738 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 (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia
Imports of iron or steel; non-threaded cotters and cotter-pinses into Latvia stood at 28 tons in 2022, increasing by 6.5% on the previous year. In general, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 20%. As a result, imports attained the peak of 38 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses expanded rapidly to $279K in 2022. The total import value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 44.3 | 47.5 | 65.3 | 52.1 | 5.6% |
| Italy | 12.1 | 11.0 | 25.4 | 34.5 | 41.8% |
| Czech Republic | 3.1 | 13.7 | 24.4 | 24.4 | 98.9% |
| Lithuania | 16.5 | 37.8 | 22.1 | 22.9 | 11.5% |
| Finland | 34.3 | 15.7 | 25.0 | 22.2 | -13.5% |
| Poland | 42.7 | 43.7 | 20.4 | 21.9 | -20.0% |
| Estonia | 10.6 | 13.5 | 13.3 | 19.5 | 22.5% |
| China | 4.3 | 5.6 | 9.2 | 13.7 | 47.1% |
| Ukraine | 8.2 | 0.1 | 5.3 | 9.3 | 4.3% |
| Netherlands | 7.2 | 6.0 | 4.6 | 5.4 | -9.1% |
| Russia | 3.5 | 9.5 | 5.9 | 0.8 | -38.9% |
| Others | 19.5 | 39.3 | 24.2 | 52.7 | 39.3% |
| Total | 206 | 243 | 245 | 279 | 10.6% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Latvia in 2022:
- Germany (5.4 tons)
- Ukraine (4.5 tons)
- Italy (4.0 tons)
- China (3.3 tons)
- Lithuania (2.6 tons)
- Poland (2.1 tons)
- Estonia (1.2 tons)
- Czech Republic (1.0 tons)
- Finland (0.8 tons)
- Netherlands (0.7 tons)
- Russia (0.4 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel; non-threaded cotters and cotter-pinses, when their volume decreased by -51.4% to 3.1 tons. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 33%.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses reduced markedly to $57K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of $76K, and then contracted significantly in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 9.6 | 19.5 | 29.2 | 20.6 | 29.0% |
| Estonia | 18.1 | 18.8 | 21.0 | 20.2 | 3.7% |
| Sweden | 0.1 | N/A | 0.4 | 4.6 | 258.3% |
| Russia | 1.2 | 3.0 | 15.3 | 3.0 | 35.7% |
| Oman | 6.6 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 9.3 | 10.1 | 8.5 | 37.1% |
| Total | 38.8 | 50.7 | 76.0 | 56.9 | 13.6% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Latvia in 2022:
- Lithuania (1366.0 kg)
- Estonia (935.0 kg)
- Sweden (531.0 kg)
- Russia (82.0 kg)
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