Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia - 2023
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (CIF) - 2022
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia
- Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (CIF) - 2022
In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,534 per ton, waning by -9.2% against the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. The import price peaked at $2,066 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Germany ($3,242 per ton), while the price for Romania ($1,113 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (FOB) - 2022
In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $3,955 per ton, jumping by 101% against the previous year. Overall, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($5,614 per ton), while the average price for exports to Lithuania ($3,115 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 Finland (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia
In 2022, imports of alloy steel flat-rolled products, of a width of less than 600mms into Latvia rose sharply to 2.3K tons, with an increase of 8.4% on the previous year's figure. In general, imports continue to indicate modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms fell to $3.5M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +39.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. As a result, imports reached the peak of $3.6M, and then reduced in the following year.
| Import of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,400 | 927 | 460 | 1,166 | -5.9% |
| Poland | 325 | 617 | 1,053 | 1,030 | 46.9% |
| Germany | 615 | 730 | 1,102 | 550 | -3.7% |
| Russia | 81.5 | 267 | 686 | 378 | 66.8% |
| Romania | N/A | N/A | 143 | 364 | 154.5% |
| Others | 104 | 101 | 128 | 28.9 | -34.7% |
| Total | 2,525 | 2,641 | 3,572 | 3,517 | 11.7% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Latvia in 2022:
- Sweden (968.9 tons)
- Poland (594.9 tons)
- Romania (327.0 tons)
- Russia (227.3 tons)
- Germany (169.8 tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia
In 2022, exports of alloy steel flat-rolled products, of a width of less than 600mms from Latvia declined sharply to 16 tons, waning by -65.6% compared with 2021. In general, exports saw a significant curtailment.
In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms contracted notably to $61K in 2022. Overall, exports continue to indicate a dramatic decrease.
| Export of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 16.5 | 14.4 | 13.6 | 30.0 | 22.1% |
| Denmark | 5.9 | 3.2 | 6.3 | 10.9 | 22.7% |
| Finland | 3.9 | 3.2 | 7.8 | 6.3 | 17.3% |
| Lithuania | 107 | 1.7 | 13.1 | 3.6 | -67.7% |
| Norway | 4.4 | 4.7 | 3.5 | 3.6 | -6.5% |
| Estonia | 373 | 36.8 | 7.0 | 2.6 | -80.9% |
| Germany | N/A | 1.1 | N/A | 1.0 | -4.7% |
| Russia | N/A | 156 | 34.4 | N/A | -77.9% |
| Poland | 350 | 2.7 | N/A | N/A | -99.2% |
| Others | 9.1 | 2.0 | 3.1 | 3.3 | -28.7% |
| Total | 870 | 225 | 88.7 | 61.3 | -58.7% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Latvia in 2022:
- Sweden (8.5 tons)
- Denmark (1.9 tons)
- Finland (1.8 tons)
- Lithuania (1.2 tons)
- Norway (0.9 tons)
- Estonia (0.6 tons)
- Germany (0.3 tons)
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