Price for Chain; Articulated Link, Roller, of Iron or Steel in Lithuania - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Lithuania (CIF) - 2023
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Lithuania (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Lithuania
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Lithuania

Price for Chain; Articulated Link, Roller, of Iron or Steel in Lithuania (CIF) - 2023

The average import price for chain; articulated link, roller, of iron or steel stood at $8,272 per ton in October 2023, rising by 12% against the previous month. Overall, the import price, however, recorded a mild slump. The growth pace was the most rapid in April 2023 when the average import price increased by 45% against the previous month. As a result, import price reached the peak level of $12,075 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($32,243 per ton), while the price for China ($2,591 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Lithuania (FOB) - 2022

The average export price for chain; articulated link, roller, of iron or steel stood at $9,298 per ton in 2022, growing by 12% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chain; articulated link, roller, of iron or steel increased by +81.5% against 2016 indices. The growth pace was the most rapid in 2018 when the average export price increased by 25%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($24,264 per ton), while the average price for exports to Belarus ($6,563 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Lithuania

In 2022, imports of chain; articulated link, roller, of iron or steel into Lithuania soared to 763 tons, picking up by 15% compared with the previous year. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain; articulated link, roller, of iron or steel totaled $5.7M in 2022. The total import value increased at an average annual rate of +12.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Lithuania in 2022:

1. China (197.8 tons)
2. Netherlands (143.1 tons)
3. Germany (130.5 tons)
4. Czech Republic (56.8 tons)
5. Sweden (51.0 tons)
6. Poland (47.2 tons)
7. Ukraine (30.9 tons)
8. Spain (29.0 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Lithuania

In 2022, shipments abroad of chain; articulated link, roller, of iron or steel decreased by -22.9% to 228 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8.1%. As a result, the exports reached the peak of 333 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of chain; articulated link, roller, of iron or steel declined to $2.1M in 2022. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Lithuania in 2022:

1. Russia (78.5 tons)
2. Latvia (54.8 tons)
3. Belarus (36.3 tons)
4. Estonia (19.4 tons)
5. Kyrgyzstan (8.6 tons)
6. Kazakhstan (7.0 tons)
7. Poland (5.3 tons)

Source: IndexBox Market Intelligence Platform