Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Lithuania - 2023

Contents:

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

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Lithuania (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $3,236 per ton in 2022, surging by 16% against the previous year. In general, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 39%. The import price peaked at $3,766 per ton in 2018; however, from 2019 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 Italy ($4,981 per ton), while the price for China ($1,894 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+44.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Lithuania (FOB) - 2022

In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $6,964 per ton, surging by 46% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +2.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 66% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($44,434 per ton), while the average price for exports to Estonia ($3,011 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 Belarus (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Lithuania

In 2022, after three years of growth, there was significant decline in supplies from abroad of stainless steel; flat-rolled products of width less than 600mms, when their volume decreased by -17.5% to 2.2K tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of 2.7K tons, and then reduced markedly in the following year.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms fell modestly to $7.2M in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports attained the peak of $7.5M, and then declined in the following year.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Lithuania in 2022:

1. Germany (964.7 tons)
2. Hong Kong SAR (318.2 tons)
3. Sweden (287.7 tons)
4. Poland (218.3 tons)
5. China (80.4 tons)
6. Italy (71.1 tons)
7. Taiwan (Chinese) (70.5 tons)
8. Turkey (49.5 tons)
9. Belgium (43.3 tons)
10. United Arab Emirates (39.6 tons)
11. Netherlands (26.5 tons)
12. South Korea (17.3 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Lithuania

In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Lithuania dropped rapidly to 135 tons, waning by -67% on the previous year. Over the period under review, exports saw a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms shrank significantly to $939K in 2022. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports reached the peak of $2M, and then declined dramatically in the following year.

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

1. Estonia (47.4 tons)
2. Russia (32.2 tons)
3. Latvia (19.7 tons)
4. Uzbekistan (10.1 tons)
5. Kazakhstan (10.1 tons)
6. Spain (3.5 tons)
7. Kyrgyzstan (2.7 tons)
8. Poland (2.5 tons)
9. United Kingdom (2.1 tons)
10. Belarus (0.1 tons)

Source: IndexBox Market Intelligence Platform