Lithuania - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Lithuania - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights

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Metal Rivet Price in Lithuania - 2023

Contents:

  1. Metal Rivet Price in Lithuania (FOB) - 2023
  2. Metal Rivet Price in Lithuania (CIF) - 2022
  3. Metal Rivet Exports in Lithuania
  4. Metal Rivet Imports in Lithuania

Metal Rivet Price in Lithuania (FOB) - 2023

The average metal rivet export price stood at $4,629 per ton in September 2023, rising by 159% against the previous month. Over the period under review, the export price showed prominent growth. The pace of growth appeared the most rapid in December 2022 an increase of 406% against the previous month. As a result, the export price reached the peak level of $13,111 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($55,903 per ton), while the average price for exports to Latvia amounted to $2,272 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+4.6%).

Metal Rivet Price in Lithuania (CIF) - 2022

In 2022, the average metal rivet import price amounted to $5,165 per ton, falling by -32.3% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal rivet import price decreased by -38.2% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 19%. Over the period under review, average import prices attained the peak figure at $8,353 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($17,347 per ton), while the price for Latvia ($1,817 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Rivet Exports in Lithuania

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of iron or steel rivets, which increased by 47% to 965 tons in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal rivet exports expanded markedly to $2.2M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 41%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Metal Rivet in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia5847028831,28830.2%
Belarus81.637.984.28.7-52.6%
Others49862796190422.0%
Total1,1631,3671,9282,20123.7%

Top Export Markets for Metal Rivet from Lithuania in 2022:

  1. Latvia (934.4 tons)
  2. Belarus (1.3 tons)

Metal Rivet Imports in Lithuania

In 2022, the amount of iron or steel rivets imported into Lithuania surged to 386 tons, growing by 75% compared with the previous year's figure. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal rivet imports skyrocketed to $2M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Metal Rivet in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany48449764571613.9%
China82.853.310930955.1%
Latvia15.2102180220143.7%
Poland71.498.094.820842.8%
Denmark29.439.532517380.5%
Sweden63.846.160.952.4-6.4%
Taiwan (Chinese)46.911.09.132.0-12.0%
Others2251832552817.7%
Total1,0181,0301,6801,99225.1%

Top Suppliers of Metal Rivet to Lithuania in 2022:

  1. China (131.0 tons)
  2. Latvia (120.8 tons)
  3. Poland (50.1 tons)
  4. Germany (41.3 tons)
  5. Denmark (12.7 tons)
  6. Sweden (8.1 tons)
  7. Taiwan (Chinese) (7.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal rivet market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)

Country coverage:

  • Lithuania

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Lithuania
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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