Price for Hot-Rolled Wire Rod in Coils in Lithuania - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Lithuania (CIF) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Lithuania (FOB) - 2023
- Imports of Hot-Rolled Wire Rod in Coils in Lithuania
- Exports of Hot-Rolled Wire Rod in Coils in Lithuania
Price for Hot-Rolled Wire Rod in Coils in Lithuania (CIF) - 2023
In December 2023, the average import price for hot-rolled wire rods in coils amounted to $722 per ton, standing approximately at the previous month. Overall, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in April 2023 when the average import price increased by 11% m-o-m. The import price peaked at $842 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($744 per ton), while the price for Ukraine ($703 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Lithuania (FOB) - 2023
In December 2023, the average export price for hot-rolled wire rods in coils amounted to $731 per ton, with a decrease of -10.8% against the previous month. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 35% m-o-m. Over the period under review, the average export prices reached the maximum at $1,035 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($22,877 per ton), while the average price for exports to Romania ($185 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Lithuania
In 2022, the amount of hot-rolled wire rods in coils imported into Lithuania totaled 131K tons, rising by 10% against the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% 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 increased by +61.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $112M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 142%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 23.3 | 18.9 | 41.7 | 36.0 | 15.6% |
| Belarus | 21.4 | 12.5 | 24.7 | 17.0 | -7.4% |
| Poland | 0.9 | 1.0 | 1.4 | 14.2 | 150.8% |
| Spain | N/A | 2.5 | 2.7 | 10.7 | 106.9% |
| Turkey | N/A | N/A | N/A | 10.0 | 0% |
| Ukraine | 1.2 | 0.6 | 13.3 | 9.0 | 95.7% |
| Germany | 1.6 | 1.7 | 3.9 | 6.1 | 56.2% |
| Others | 1.0 | 0.8 | 4.0 | 9.3 | 110.3% |
| Total | 49.3 | 37.9 | 91.8 | 112 | 31.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Lithuania in 2022:
- Russia (43.5K tons)
- Belarus (21.8K tons)
- Poland (16.5K tons)
- Turkey (13.6K tons)
- Ukraine (10.2K tons)
- Spain (9.8K tons)
- Germany (5.7K tons)
Exports of Hot-Rolled Wire Rod in Coils in Lithuania
In 2022, the amount of hot-rolled wire rods in coils exported from Lithuania surged to 30K tons, rising by 131% compared with 2021 figures. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports skyrocketed to $30M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 6.9 | 0% |
| Latvia | 2.7 | 1.9 | 4.2 | 5.4 | 26.0% |
| Sweden | 2.4 | 0.8 | 2.3 | 4.4 | 22.4% |
| Poland | 0.7 | 0.6 | 1.9 | 4.3 | 83.1% |
| Norway | 1.9 | 1.5 | 1.7 | 3.3 | 20.2% |
| Finland | 1.3 | 1.6 | 0.7 | 1.9 | 13.5% |
| Estonia | 0.9 | 1.0 | 1.1 | 1.8 | 26.0% |
| Others | 0.6 | 0.1 | N/A | 1.5 | 35.7% |
| Total | 10.4 | 7.6 | 12.0 | 29.5 | 41.6% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Lithuania in 2022:
- Netherlands (9.4K tons)
- Latvia (5.4K tons)
- Poland (4.0K tons)
- Sweden (3.9K tons)
- Norway (2.6K tons)
- Estonia (1.8K tons)
- Finland (1.7K tons)
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