Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia (CIF) - 2022
The average import price for steel, alloy stood at $8,187 per ton in 2022, shrinking by -20.1% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The import price peaked at $16,131 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 the Czech Republic ($9,291 per ton), while the price for Italy ($2,562 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.1%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia
In 2022, imports of steel, alloy into Latvia skyrocketed to 1.8 tons, growing by 126% on the previous year. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,211%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, alloy skyrocketed to $15K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 733% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Czech Republic | 0.8 | 4.9 | 12.0 | 287.3% | |
| Netherlands | 0.2 | 3.3 | 2.4 | 246.4% | |
| Italy | N/A | N/A | 0.4 | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.0 | 8.2 | 14.8 | 284.7% | |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Latvia in 2022:
- Czech Republic (1290.0 kg)
- Netherlands (350.0 kg)
- Italy (169.0 kg)
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