Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $700 per ton, shrinking by -8.4% against the previous month. Overall, the import price saw a perceptible downturn. The pace of growth was the most pronounced in June 2023 when the average import price increased by 22% against the previous month. As a result, import price attained the peak level of $1,068 per ton. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($1,016 per ton), while the price for Norway ($688 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (FOB) - 2023
In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $888 per ton, which is down by -6.4% against the previous month. Overall, the export price saw a noticeable slump. The pace of growth was the most pronounced in April 2023 when the average export price increased by 7.3% against the previous month. Over the period under review, the average export prices attained the maximum at $1,083 per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Finland.
From January 2023 to August 2023, the rate of growth in terms of prices for Latvia amounted to +6.6% per month.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Estonia soared to 13K tons, increasing by 97% compared with the previous year. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $14M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 5,407 | 0% |
| Spain | N/A | 462 | 1,776 | 4,223 | 202.3% |
| Lithuania | 86.5 | 222 | 189 | 801 | 110.0% |
| Germany | N/A | N/A | N/A | 717 | 0% |
| Belarus | 1,337 | 137 | N/A | 571 | -24.7% |
| Ukraine | 344 | N/A | 1,520 | 510 | 14.0% |
| Poland | 851 | 1,428 | 783 | 356 | -25.2% |
| Finland | 78.7 | 243 | 820 | 195 | 35.3% |
| Russia | 569 | 856 | 513 | 193 | -30.3% |
| Others | 103 | 27.9 | 71.4 | 616 | 81.5% |
| Total | 3,369 | 3,376 | 5,673 | 13,589 | 59.2% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Estonia in 2022:
- Algeria (5.3K tons)
- Spain (4.0K tons)
- Lithuania (0.7K tons)
- Ukraine (0.6K tons)
- Belarus (0.6K tons)
- Germany (0.5K tons)
- Poland (0.4K tons)
- Finland (0.2K tons)
- Russia (0.2K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume increased by 15% to 1.9K tons. Over the period under review, exports, however, continue to indicate a abrupt curtailment.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $2.1M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,764 | 1,177 | 1,530 | 1,994 | 4.2% |
| Latvia | N/A | 75.2 | N/A | 62.1 | -9.1% |
| Lithuania | N/A | N/A | N/A | 50.4 | 0% |
| Others | N/A | N/A | 1.8 | N/A | 0% |
| Total | 1,764 | 1,252 | 1,532 | 2,106 | 6.1% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Estonia in 2022:
- Finland (1779.5 tons)
- Latvia (71.7 tons)
- Lithuania (58.6 tons)
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