Price for Steel, Alloy; Ingots and Other Primary Forms in Lithuania - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Lithuania (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Lithuania (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Lithuania
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Lithuania
Price for Steel, Alloy; Ingots and Other Primary Forms in Lithuania (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $2,344 per ton, picking up by 9.2% against the previous year. In general, the import price posted strong growth. The pace of growth appeared the most rapid in 2017 an increase of 2,183%. As a result, import price attained the peak level of $26,383 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From 2016 to 2022, the rate of growth in terms of prices for Russia amounted to +9.6% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Lithuania (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $8,322 per ton, reducing by -54.7% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 667% against the previous year. The export price peaked at $26,383 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Latvia ($10,964 per ton), while the average price for exports to Romania ($983 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-13.9%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Lithuania
For the third consecutive year, Lithuania recorded decline in supplies from abroad of steel, alloy; ingots and other primary formses, which decreased by -87.6% to 20 tons in 2022. Overall, imports showed a precipitous descent. The smallest decline of -69.7% was in 2020.
In value terms, imports of steel, alloy; ingots and other primary formses dropped notably to $47K in 2022. Over the period under review, imports saw a sharp downturn. The smallest decline of -62.6% was in 2020.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.8 | 1.8 | 0.3 | N/A | -75.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.8 | 1.8 | 0.3 | N/A | -75.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Lithuania in 2022:
- Russia (19.8 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Lithuania
In 2022, shipments abroad of steel, alloy; ingots and other primary formses was finally on the rise to reach 3.8 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous setback.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $32K in 2022. In general, exports, however, saw a sharp descent.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2,764 | 95.7 | 3.7 | 30.7 | -77.7% |
| Romania | N/A | 1,498 | 11.3 | 1.0 | -97.4% |
| Finland | 2,885 | N/A | N/A | N/A | 0% |
| Netherlands | 140 | 103 | N/A | N/A | -26.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5,789 | 1,697 | 15.0 | 31.7 | -82.4% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Lithuania in 2022:
- Latvia (2.8 tons)
- Romania (1.0 tons)
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