Alloy Steel Powders Price in Latvia - 2023

Alloy Steel Powders Price in Latvia (CIF) - 2022

In 2022, the average alloy steel powders import price amounted to $25,935 per ton, growing by 26% against the previous year. Overall, the import price saw prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +7.0% per year.

Alloy Steel Powders Imports in Latvia

In 2022, approx. 400 kg of alloy steel powderses were imported into Latvia; increasing by 25% against 2021. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports reached the peak of 610 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, alloy steel powders imports surged to $10K in 2022. In general, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.9% against 2020 indices.