Price for Steel, Alloy; Ingots and Other Primary Forms in Latvia - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Latvia (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Latvia (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Latvia
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Latvia
Price for Steel, Alloy; Ingots and Other Primary Forms in Latvia (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $2,398 per ton, reducing by -31.7% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76%. As a result, import price reached the peak level of $13,420 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Finland.
From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to +8.9% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Latvia (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $7,005 per ton, rising by 491% against the previous year. In general, the export price, however, showed a abrupt descent. Over the period under review, the average export prices reached the peak figure at $21,263 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($7,310 per ton), while the average price for exports to France stood at $6,398 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+5.6%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Latvia
Imports of steel, alloy; ingots and other primary formses into Latvia skyrocketed to 97 tons in 2022, with an increase of 1,700% against the previous year. Over the period under review, imports, however, recorded a precipitous setback.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $231K in 2022. In general, imports, however, showed a dramatic slump.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | N/A | 215 | 0% |
| Estonia | 0.3 | 48.4 | 16.2 | N/A | 634.8% |
| Hungary | 865 | 1,172 | N/A | N/A | 35.5% |
| Others | 33.8 | 5.5 | 2.6 | 15.9 | -22.2% |
| Total | 899 | 1,225 | 18.8 | 231 | -36.4% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Latvia in 2022:
- Finland (96.1 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Latvia
After three years of growth, overseas shipments of steel, alloy; ingots and other primary formses decreased by -95.7% to 1.2 tons in 2022. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 110%.
In value terms, exports of steel, alloy; ingots and other primary formses shrank remarkably to $8.1K in 2022. Over the period under review, exports recorded a slight descent. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | 1.5 | 5.7 | 280.0% |
| France | N/A | N/A | N/A | 2.5 | 0% |
| Italy | 8.4 | 16.9 | 30.2 | N/A | 89.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 8.4 | 17.0 | 31.7 | 8.1 | -1.2% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Latvia in 2022:
- Lithuania (774.0 kg)
- France (389.0 kg)
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