Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $6,528 per ton, reducing by -7.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $11,686 per ton. From 2021 to 2022, the average import prices remained at a 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 China ($29,800 per ton), while the price for Lithuania ($1,311 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $13,218 per ton, surging by 5.1% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 16,365% against the previous year. The export price peaked at $34,773 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 ($91,368 per ton), while the average price for exports to Lithuania ($6,667 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 Russia (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Latvia surged to 19 tons, increasing by 84% on the previous year. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s soared to $123K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 194% against the previous year. As a result, imports attained the peak of $139K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Latvia in 2022:

1. Lithuania (6.5 tons)
2. Germany (5.3 tons)
3. Estonia (3.7 tons)
4. Denmark (1.1 tons)
5. Czech Republic (0.8 tons)
6. Poland (0.7 tons)
7. Sweden (0.6 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Latvia

In 2022, overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -8.5% to 901 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 131%. As a result, the exports reached the peak of 2.9 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted to $12K in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 576%. As a result, the exports attained the peak of $99K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Latvia in 2022:

1. Estonia (844.0 kg)
2. Finland (23.0 kg)
3. Russia (19.0 kg)
4. Lithuania (15.0 kg)