Price for Wire of Other Alloy Steel in Lithuania - 2023
Contents:
- Price for Wire of Other Alloy Steel in Lithuania (CIF) - 2023
- Price for Wire of Other Alloy Steel in Lithuania (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Lithuania
- Exports of Wire of Other Alloy Steel in Lithuania
Price for Wire of Other Alloy Steel in Lithuania (CIF) - 2023
The average import price for wire of other alloy steels stood at $1,475 per ton in August 2023, picking up by 5.3% against the previous month. Over the period under review, import price indicated a tangible increase from October 2022 to August 2023: its price increased at an average monthly rate of +2.7% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, wire of other alloy steel import price increased by +5.3% against July 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 72% against the previous month. Over the period under review, average import prices attained the peak figure at $2,136 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($2,652 per ton), while the price for China ($957 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Russia (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wire of Other Alloy Steel in Lithuania (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $2,367 per ton, growing by 110% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel export price increased by +114.9% against 2020 indices. 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 Russia ($3,341 per ton), while the average price for exports to Poland ($659 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 Russia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Lithuania
In 2022, approx. 15K tons of wire of other alloy steels were imported into Lithuania; increasing by 51% compared with the previous year. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 225%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, wire of other alloy steel imports skyrocketed to $19M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 106% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Wire of Other Alloy Steel in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 2.2 | 6.6 | 12.5 | 138.4% |
| Finland | 1.0 | 0.9 | 1.2 | 1.2 | 6.3% |
| China | 1.0 | 0.8 | 1.1 | 1.2 | 6.3% |
| Turkey | 0.2 | 0.2 | 0.3 | 1.1 | 76.5% |
| Ukraine | 0.1 | 0.8 | 1.3 | 0.8 | 100.0% |
| Others | 0.5 | 0.9 | 1.3 | 2.1 | 61.3% |
| Total | 2.8 | 5.9 | 11.8 | 19.0 | 89.3% |
Top Suppliers of Wire of Other Alloy Steel to Lithuania in 2022:
- Russia (11.6K tons)
- Turkey (0.8K tons)
- China (0.8K tons)
- Ukraine (0.7K tons)
- Finland (0.4K tons)
Exports of Wire of Other Alloy Steel in Lithuania
In 2022, overseas shipments of wire of other alloy steels decreased by -36.1% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 129%. As a result, the exports attained the peak of 2K tons, and then fell rapidly in the following year.
In value terms, wire of other alloy steel exports surged to $3.1M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 134%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Wire of Other Alloy Steel in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 371 | 260 | 346 | 1,452 | 57.6% |
| Latvia | 285 | 484 | 1,532 | 979 | 50.9% |
| Estonia | 105 | 132 | 176 | 142 | 10.6% |
| Belarus | 76.1 | 78.4 | 41.9 | 92.2 | 6.6% |
| Uzbekistan | N/A | N/A | N/A | 90.3 | 0% |
| Kazakhstan | 0.7 | N/A | 0.3 | 62.9 | 347.9% |
| Others | 104 | 23.2 | 193 | 251 | 34.1% |
| Total | 941 | 978 | 2,289 | 3,070 | 48.3% |
Top Export Markets for Wire of Other Alloy Steel from Lithuania in 2022:
- Latvia (657.1 tons)
- Russia (434.5 tons)
- Estonia (75.6 tons)
- Uzbekistan (39.5 tons)
- Belarus (35.9 tons)
- Kazakhstan (24.1 tons)
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