Stainless Steel Wire Price in Latvia - 2023
Contents:
- Stainless Steel Wire Price in Latvia (CIF) - 2023
- Stainless Steel Wire Price in Latvia (FOB) - 2022
- Stainless Steel Wire Imports in Latvia
- Stainless Steel Wire Exports in Latvia
Stainless Steel Wire Price in Latvia (CIF) - 2023
The average stainless steel wire import price stood at $14,156 per ton in September 2023, growing by 28% against the previous month. In general, import price indicated noticeable growth from September 2022 to September 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, stainless steel wire import price decreased by -13.7% against July 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 78% month-to-month. As a result, import price attained the peak level of $17,897 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($14,755 per ton), while the price for the Netherlands ($5,039 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Latvia (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $14,435 per ton, reducing by -23.1% against the previous year. Over the period under review, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 97%. Over the period under review, the average export prices reached the maximum at $18,773 per ton in 2021, and then declined markedly 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 Lithuania ($19,796 per ton), while the average price for exports to Estonia ($10,021 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 Germany (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Latvia
In 2022, imports of stainless steel wire into Latvia expanded significantly to 361 tons, growing by 8% compared with 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, stainless steel wire imports skyrocketed to $3.4M in 2022. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel Wire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 839 | 201 | 198 | 883 | 1.7% |
| India | 390 | 569 | 1,488 | 878 | 31.1% |
| Russia | 389 | 326 | 410 | 400 | 0.9% |
| Finland | 282 | 206 | 284 | 262 | -2.4% |
| Estonia | 59.9 | 31.2 | 38.1 | 220 | 54.3% |
| Lithuania | 33.6 | 29.8 | 155 | 212 | 84.8% |
| Poland | 36.5 | 53.2 | 91.1 | 195 | 74.8% |
| Sweden | 20.8 | 1.0 | 0.5 | 176 | 103.8% |
| United States | 0.2 | N/A | 20.3 | 56.0 | 554.2% |
| Netherlands | 28.7 | 27.3 | 18.4 | 23.8 | -6.0% |
| Others | 114 | 126 | 93.9 | 94.9 | -5.9% |
| Total | 2,194 | 1,571 | 2,798 | 3,401 | 15.7% |
Top Suppliers of Stainless Steel Wire to Latvia in 2022:
- India (97.2 tons)
- Germany (58.8 tons)
- Estonia (37.3 tons)
- Lithuania (36.9 tons)
- Sweden (30.4 tons)
- United States (27.6 tons)
- Russia (23.8 tons)
- Poland (21.2 tons)
- Finland (17.6 tons)
- Netherlands (3.7 tons)
Stainless Steel Wire Exports in Latvia
In 2022, overseas shipments of stainless steel wire decreased by -67.9% to 63 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, the exports reached the peak of 197 tons, and then plummeted in the following year.
In value terms, stainless steel wire exports shrank remarkably to $912K in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 112% against the previous year.
| Export of Stainless Steel Wire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 83.8 | 236 | 443 | 423 | 71.5% |
| Turkey | 245 | 137 | 149 | 327 | 10.1% |
| Russia | 330 | 1,450 | 3,098 | 140 | -24.9% |
| Estonia | 214 | 56.8 | 3.4 | 9.5 | -64.6% |
| Others | 18.9 | 14.0 | 7.7 | 13.8 | -10.0% |
| Total | 892 | 1,893 | 3,701 | 912 | 0.7% |
Top Export Markets for Stainless Steel Wire from Latvia in 2022:
- Germany (35.8 tons)
- Turkey (18.3 tons)
- Russia (7.4 tons)
- Estonia (0.9 tons)
481
This report provides an in-depth analysis of the market for iron and steel wire in Latvia.
117
This report provides an in-depth analysis of the market for iron and steel wire in Latvia.
1934
This report provides an in-depth analysis of the global market for iron and steel wire.
518
This report provides an in-depth analysis of the global market for iron and steel wire.
834
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1501
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
996
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1220
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
664
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
925
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3526
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
751
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
222
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
207
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
