Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (CIF) - 2022
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (FOB) - 2023
3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania
4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (CIF) - 2022

The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $943 per ton in 2022, declining by -12% against the previous year. Over the period under review, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. The import price peaked at $1,260 per ton in 2012; however, from 2013 to 2022, 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 Sweden ($1,668 per ton), while the price for Turkey ($807 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania (FOB) - 2023

The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,203 per ton in July 2023, surging by 3.5% against the previous month. Over the last one-month period, it increased at an average monthly rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From June 2023 to July 2023, the rate of growth in terms of prices for Kazakhstan amounted to +3.5% per month.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania

Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Lithuania skyrocketed to 1.1K tons in 2022, increasing by 17% compared with 2021. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% 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 +101.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 72%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses totaled $1.1M in 2022. Over the period under review, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Lithuania in 2022:

1. Turkey (855.9 tons)
2. Italy (116.9 tons)
3. Spain (73.4 tons)
4. Sweden (56.5 tons)
5. Germany (4.6 tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Lithuania

In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Lithuania surged to 636 tons, growing by 182% on 2021 figures. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $874K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Lithuania in 2022:

1. Kazakhstan (607.0 tons)
2. Norway (29.2 tons)

Source: IndexBox Market Intelligence Platform