Price for Stainless Steel in Ingots or Other Primary Forms in Lithuania - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Lithuania (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Lithuania (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Lithuania
- Exports of Stainless Steel in Ingots or Other Primary Forms in Lithuania
Price for Stainless Steel in Ingots or Other Primary Forms in Lithuania (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $4,921 per ton in 2022, picking up by 43% against the previous year. In general, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of 154%. As a result, import price attained the peak level of $10,532 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
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 ($17,563 per ton), while the price for Poland ($2,055 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Lithuania (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $5,392 per ton, falling by -44% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 323% against the previous year. Over the period under review, the average export prices hit record highs at $17,156 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($70,896 per ton), while the average price for exports to Latvia ($2,360 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 France (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Lithuania
In 2022, after two years of decline, there was significant growth in overseas purchases of stainless steel in ingots or other primary forms, when their volume increased by 49% to 81 tons. In general, imports, however, showed a sharp decline.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $397K in 2022. Over the period under review, imports, however, showed a sharp decrease.
| Import of Stainless Steel in Ingots or Other Primary Forms in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 65.1 | 315 | 57.7 | 116 | 21.2% |
| Estonia | 3.4 | 5.6 | N/A | 96.0 | 204.5% |
| Italy | 334 | 3.6 | 2.2 | 67.8 | -41.2% |
| Russia | 679 | 517 | 21.0 | 49.6 | -58.2% |
| United Kingdom | 12.0 | 48.9 | 38.7 | 21.0 | 20.5% |
| Finland | N/A | N/A | N/A | 18.4 | 0% |
| Poland | 25.0 | 19.2 | 26.5 | 11.9 | -21.9% |
| Belgium | 23.5 | N/A | N/A | N/A | 0% |
| Others | 152 | 5.7 | 40.9 | 16.2 | -52.6% |
| Total | 1,293 | 914 | 187 | 397 | -32.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Lithuania in 2022:
- Estonia (29.6 tons)
- Germany (18.2 tons)
- Russia (13.9 tons)
- Poland (5.8 tons)
- Finland (5.5 tons)
- Italy (3.9 tons)
- United Kingdom (2.8 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Lithuania
In 2022, approx. 59 tons of stainless steel in ingots or other primary forms were exported from Lithuania; jumping by 237% compared with the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,361% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms skyrocketed to $316K in 2022. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 844%.
| Export of Stainless Steel in Ingots or Other Primary Forms in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.1 | 6.2 | 2.9 | 76.4 | 132.2% |
| Sweden | 1.5 | N/A | 47.5 | 75.0 | 268.4% |
| United Arab Emirates | N/A | N/A | N/A | 62.1 | 0% |
| Russia | 334 | 0.4 | 11.8 | 34.8 | -52.9% |
| Kazakhstan | 5.4 | N/A | 3.4 | 32.6 | 82.1% |
| Latvia | N/A | 0.3 | 6.0 | 11.6 | 521.8% |
| Belarus | 78.7 | 1.7 | 0.2 | 4.5 | -61.5% |
| Spain | 67.7 | N/A | N/A | N/A | 0% |
| Austria | N/A | N/A | 40.9 | N/A | 0% |
| Others | 12.9 | 9.1 | 54.6 | 18.5 | 12.8% |
| Total | 506 | 17.7 | 167 | 316 | -14.5% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Lithuania in 2022:
- United Arab Emirates (23.2 tons)
- Sweden (13.2 tons)
- Russia (9.3 tons)
- Germany (6.5 tons)
- Latvia (4.9 tons)
- Kazakhstan (1.1 tons)
- Belarus (0.2 tons)
397
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Lithuania.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
215
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2369
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1073
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
805
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
766
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
