Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia - 2023
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (CIF) - 2023
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (CIF) - 2023
In August 2023, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $3,405 per ton, surging by 6.4% against the previous month. In general, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 3,483% against the previous month. As a result, import price attained the peak level of $92,639 per ton. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($23,516 per ton), while the price for Poland ($2,125 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $11,161 per ton in 2022, dropping by -27.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 145% against the previous year. As a result, the export price attained the peak level of $28,319 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($90,295 per ton), while the average price for exports to Lithuania ($5,668 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 Ukraine (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia
For the fourth year in a row, Latvia recorded growth in overseas purchases of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia, which increased by 182% to 294 tons in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia surged to $2.2M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 202% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 16.6 | 177 | 361 | 1,586 | 357.2% |
| Poland | 12.3 | 12.7 | 112 | 205 | 155.4% |
| Germany | 62.5 | 68.8 | 255 | 123 | 25.3% |
| Lithuania | 13.9 | 20.2 | 46.2 | 73.8 | 74.5% |
| Italy | N/A | 4.7 | 18.9 | 54.4 | 240.2% |
| Slovakia | N/A | N/A | 3.1 | 45.4 | 1364.5% |
| Estonia | 63.3 | 32.0 | 2.9 | 14.6 | -38.7% |
| Others | 24.1 | 267 | 306 | 70.7 | 43.2% |
| Total | 193 | 582 | 1,105 | 2,173 | 124.1% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Latvia in 2022:
- Netherlands (144.6 tons)
- Poland (71.0 tons)
- Slovakia (22.2 tons)
- Italy (20.4 tons)
- Lithuania (18.4 tons)
- Germany (10.5 tons)
- Estonia (4.1 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia
In 2022, after two years of decline, there was significant growth in shipments abroad of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia, when their volume increased by 47% to 3.9 tons. Over the period under review, exports, however, faced a abrupt setback.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia reached $44K in 2022. The total export value increased at an average annual rate of +3.7% over the period 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 2021 when exports increased by 29%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 6.8 | 0.7 | 2.2 | 19.7 | 42.6% |
| Lithuania | 30.6 | 1.3 | 12.8 | 8.4 | -35.0% |
| Russia | 2.1 | 26.4 | 16.2 | 7.0 | 49.4% |
| Poland | N/A | 3.2 | N/A | 0.7 | -53.2% |
| Others | N/A | 0.2 | 10.0 | 8.1 | 536.4% |
| Total | 39.5 | 31.8 | 41.1 | 43.9 | 3.6% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Latvia in 2022:
- Estonia (2210.0 kg)
- Lithuania (1486.0 kg)
- Poland (92.0 kg)
- Russia (78.0 kg)
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