Latvia: Flat-Rolled Steel Products Market 2020

Flat-Rolled Steel Products Market Size in Latvia

The revenue of the flat-rolled steel products market in Latvia amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, flat-rolled steel products consumption continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Latvia flat-rolled steel products consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Flat-Rolled Steel Products Exports

Exports from Latvia

Flat-rolled steel products exports from Latvia stood at X tons in 2018, growing by X% against the previous year. Overall, flat-rolled steel products exports, however, continue to indicate a measured downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, flat-rolled steel products exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, flat-rolled steel products exports stood at $X in 2018. Overall, flat-rolled steel products exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. Latvia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Japan (X tons), Slovakia (X tons), South Korea (X tons) and France (X tons) represented the key exporters of flat-rolled products of iron or non-alloy steel, together constituting X% of total exports. Belgium (X tons), Canada (X tons), Brazil (X tons), Serbia (X tons) and Taiwan, Chinese (X tons) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products markets from Latvia were China ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main exporting countries, China recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The flat-rolled steel products export price in Latvia stood at $X per ton in 2018, remaining stable against the previous year. Overall, the flat-rolled steel products export price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. In that year, the export prices for flat-rolled products of iron or non-alloy steel reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the export prices for flat-rolled products of iron or non-alloy steel failed to regain its momentum.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Germany ($X per ton) and Slovakia ($X per ton), while China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Latvia

In 2018, approx. X tons of flat-rolled products of iron or non-alloy steel were imported into Latvia; jumping by X% against the previous year. Overall, flat-rolled steel products imports, however, continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, flat-rolled steel products imports attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports stood at $X in 2018. Overall, flat-rolled steel products imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, flat-rolled steel products imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) and Italy (X tons) were the largest importers of flat-rolled products of iron or non-alloy steelin the world, together recording approx. X% of total imports. Thailand (X tons), India (X tons), France (X tons), Mexico (X tons), the Netherlands (X tons), the Philippines (X tons), Germany (X tons), Poland (X tons), Russia (X tons) and Saudi Arabia (X tons) took a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Italy ($X) and Thailand ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Among the main importing countries, the U.S. recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the flat-rolled steel products import price in Latvia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the import prices for flat-rolled products of iron or non-alloy steel attained their maximum at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform