Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia - 2023
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia (CIF) - 2022
In 2022, the average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $7,958 per ton, picking up by 28% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 70% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($19,774 per ton), while the price for Estonia ($4,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $28,621 per ton in 2022, surging by 29% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 289%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($36,117 per ton), while the average price for exports to Estonia ($14,941 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 Canada (+72.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia
In 2022, overseas purchases of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -33.7% to 93 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 106%. As a result, imports attained the peak of 200 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia fell significantly to $744K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year.
| Import of Steel, Stainless; (Excluding 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 | 171 | 169 | 234 | 264 | 15.6% |
| Denmark | 184 | 246 | 335 | 210 | 4.5% |
| Germany | 20.7 | 23.9 | 145 | 210 | 116.5% |
| Lithuania | 16.9 | 8.0 | 29.8 | 12.1 | -10.5% |
| Poland | 17.1 | 200 | 39.3 | 5.7 | -30.7% |
| Others | 16.1 | 84.1 | 91.7 | 42.3 | 38.0% |
| Total | 426 | 730 | 875 | 744 | 20.4% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Latvia in 2022:
- Estonia (58.5 tons)
- Denmark (18.7 tons)
- Germany (10.6 tons)
- Lithuania (2.4 tons)
- Poland (0.8 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia
In 2022, after three years of growth, there was significant decline in overseas shipments of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia, when their volume decreased by -64.1% to 6.3 tons. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 204% against the previous year. As a result, the exports attained the peak of 18 tons, and then reduced sharply in the following year.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia contracted dramatically to $181K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 328%. As a result, the exports attained the peak of $390K, and then fell significantly in the following year.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 36.1 | N/A | 339 | 141 | 57.5% |
| Kazakhstan | N/A | N/A | N/A | 29.7 | 0% |
| Lithuania | 1.3 | 5.3 | 17.1 | 3.2 | 35.0% |
| Norway | 8.6 | 8.1 | 7.0 | 2.9 | -30.4% |
| Estonia | 0.9 | 16.7 | 20.7 | 2.3 | 36.7% |
| Belarus | N/A | 41.8 | N/A | N/A | 0% |
| Others | 2.0 | 19.3 | 6.4 | 2.7 | 10.5% |
| Total | 48.8 | 91.2 | 390 | 181 | 54.8% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Latvia in 2022:
- Russia (3.9 tons)
- Kazakhstan (2.0 tons)
- Estonia (0.2 tons)
- Lithuania (0.2 tons)
- Norway (0.1 tons)
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