Latvia: Hot-Rolled Steel Products Market 2020

Hot-Rolled Steel Products Market Size in Latvia

The revenue of the hot-rolled steel products market in Latvia amounted to $X in 2018, increasing 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). Over the period under review, hot-rolled steel products consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, the hot-rolled steel products market reached its peak level and is likely to continue its growth in the immediate term.

Hot-Rolled Steel Products Exports

Exports from Latvia

Hot-rolled steel products exports from Latvia totaled X tons in 2018, coming down by -X% against the previous year. In general, hot-rolled steel products exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Latvia exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, hot-rolled steel products exports totaled $X in 2018. Overall, hot-rolled steel products exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, hot-rolled steel products exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

China (X tons) and Japan (X tons) represented roughly X% of total exports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018. South Korea (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%), Germany (X%), Russia (X%) and France (X%). Taiwan, Chinese (X tons), Ukraine (X tons), India (X tons), Turkey (X tons) and the U.S. (X tons) held 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 Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel products markets from Latvia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Belgium, Germany, France, Russia, Taiwan, Chinese, the U.S., India, Ukraine, Turkey and Latvia lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the hot-rolled steel products export price in Latvia amounted to $X per ton, jumping by X% against the previous year. In general, the hot-rolled steel products export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Latvia export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Ukraine ($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 U.S., while the other leaders experienced a decline in the export price figures.

Hot-Rolled Steel Products Imports

Imports into Latvia

In 2018, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) imported into Latvia stood at X tons, jumping by X% against the previous year. Over the period under review, hot-rolled steel products imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, hot-rolled steel products imports reached their maximum at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, hot-rolled steel products imports totaled $X in 2018. Over the period under review, hot-rolled steel products imports continue to indicate a prominent increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Latvia imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Vietnam (X tons), South Korea (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), the U.S. (X tons), China (X tons), Thailand (X tons), Belgium (X tons), Spain (X tons), France (X tons) and India (X tons) were the largest importers of flat-rolled products of iron or steel (not further worked than hot-rolled) in the world, achieving X% of total import.

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

In value terms, Germany ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Among the main importing countries, Vietnam 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 hot-rolled steel products import price in Latvia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the hot-rolled steel products import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) reached their maximum at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform