Price for Steel Alloy Wire of Silico-Manganese Steel in Latvia - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Latvia (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Latvia (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Latvia
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Latvia
Price for Steel Alloy Wire of Silico-Manganese Steel in Latvia (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $2,211 per ton in 2022, surging by 18% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 steel alloy wire of silico-manganese steels increased by +88.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($2,465 per ton), while the price for China ($1,481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Latvia (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $1,949 per ton in 2022, flattening at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. As a result, the export price reached the peak level of $1,979 per ton, and then fell slightly in the following year.
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 Russia ($3,804 per ton), while the average price for exports to Estonia ($1,466 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 Uzbekistan (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Latvia
Imports of steel alloy wire of silico-manganese steels into Latvia contracted to 1.1K tons in 2022, waning by -13.8% on the previous year. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 4.2%.
In value terms, imports of steel alloy wire of silico-manganese steels rose slightly to $2.4M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 795 | 1,014 | 1,422 | 1,444 | 22.0% |
| Lithuania | 268 | 174 | 270 | 380 | 12.3% |
| Poland | 95.1 | 86.0 | 144 | 193 | 26.6% |
| Turkey | 187 | 134 | 124 | 141 | -9.0% |
| Italy | 37.8 | 10.9 | 96.6 | 93.1 | 35.0% |
| China | 363 | 262 | 153 | 55.0 | -46.7% |
| Luxembourg | N/A | N/A | N/A | 40.3 | 0% |
| Others | 87.5 | 128 | 181 | 85.0 | -1.0% |
| Total | 1,834 | 1,808 | 2,390 | 2,432 | 9.9% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Latvia in 2022:
- Finland (586.0 tons)
- Lithuania (194.7 tons)
- Poland (97.6 tons)
- Turkey (81.8 tons)
- Italy (44.3 tons)
- China (37.2 tons)
- Luxembourg (20.6 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Latvia
In 2022, exports of steel alloy wire of silico-manganese steels from Latvia declined notably to 32 tons, which is down by -64.5% against 2021. In general, exports faced a precipitous setback. The smallest decline of -19.2% was in 2020.
In value terms, exports of steel alloy wire of silico-manganese steels fell remarkably to $63K in 2022. Overall, exports faced a significant decline. The smallest decline of -16% was in 2021.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 40.3 | 0% |
| Belarus | 230 | 153 | 113 | 11.8 | -62.8% |
| Estonia | 17.7 | 3.3 | 8.2 | 5.0 | -34.4% |
| Russia | 7.3 | 1.8 | 0.3 | 4.9 | -12.4% |
| Uzbekistan | N/A | 48.5 | 53.6 | N/A | 10.5% |
| Others | 1.8 | 5.8 | 3.7 | 0.6 | -30.7% |
| Total | 257 | 213 | 179 | 62.6 | -37.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Latvia in 2022:
- Kazakhstan (20.6 tons)
- Belarus (6.5 tons)
- Estonia (3.4 tons)
- Russia (1.3 tons)
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