Lithuania - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Lithuania - 2023
Contents:
- Metal Self-Locking Nut Price in Lithuania (CIF) - 2023
- Metal Self-Locking Nut Price in Lithuania (FOB) - 2023
- Metal Self-Locking Nut Imports in Lithuania
- Metal Self-Locking Nut Exports in Lithuania
Metal Self-Locking Nut Price in Lithuania (CIF) - 2023
The average metal self-locking nut import price stood at $4,201 per ton in September 2023, shrinking by -20% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 58% m-o-m. Over the period under review, average import prices attained the maximum at $6,461 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($7,464 per ton), while the price for India ($2,215 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Self-Locking Nut Price in Lithuania (FOB) - 2023
In September 2023, the average metal self-locking nut export price amounted to $5,151 per ton, which is down by -6.7% against the previous month. Over the period under review, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 61% m-o-m. Over the period under review, the average export prices attained the maximum at $10,909 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Estonia ($8,214 per ton), while the average price for exports to Hungary ($1,529 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Lithuania
In 2022, approx. 2.3K tons of iron or steel nuts (including self-locking nuts) were imported into Lithuania; surging by 3% against 2021. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, metal self-locking nut imports expanded markedly to $10M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Metal Self-Locking Nut in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,721 | 1,582 | 2,447 | 2,172 | 8.1% |
| Slovakia | 1,594 | 1,157 | 1,373 | 1,513 | -1.7% |
| China | 792 | 899 | 1,073 | 1,486 | 23.3% |
| Poland | 1,016 | 862 | 884 | 1,139 | 3.9% |
| Denmark | 296 | 356 | 744 | 814 | 40.1% |
| Italy | 281 | 300 | 836 | 631 | 31.0% |
| Latvia | 142 | 154 | 196 | 209 | 13.8% |
| Others | 2,345 | 1,756 | 1,974 | 2,090 | -3.8% |
| Total | 8,188 | 7,066 | 9,527 | 10,053 | 7.1% |
Top Suppliers of Metal Self-Locking Nut to Lithuania in 2022:
- China (697.7 tons)
- Germany (481.0 tons)
- Slovakia (383.6 tons)
- Poland (278.0 tons)
- Denmark (148.4 tons)
- Italy (71.7 tons)
- Latvia (59.5 tons)
Metal Self-Locking Nut Exports in Lithuania
In 2022, exports of iron or steel nuts (including self-locking nuts) from Lithuania declined remarkably to 415 tons, reducing by -24.5% compared with the year before. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 5.9%. As a result, the exports reached the peak of 549 tons, and then shrank sharply in the following year.
In value terms, metal self-locking nut exports reduced to $3.2M in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12%. As a result, the exports attained the peak of $3.3M, and then reduced modestly in the following year.
| Export of Metal Self-Locking Nut in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,707 | 1,280 | 1,788 | 1,494 | -4.3% |
| Kazakhstan | 74.4 | 60.1 | 49.3 | 433 | 79.9% |
| Latvia | 244 | 228 | 265 | 293 | 6.3% |
| Estonia | 155 | 322 | 161 | 139 | -3.6% |
| Belarus | 414 | 270 | 323 | 106 | -36.5% |
| Bulgaria | 56.0 | 64.2 | 62.3 | 75.9 | 10.7% |
| Poland | 81.9 | 33.0 | 122 | 67.7 | -6.1% |
| Brazil | 48.1 | 62.5 | 59.5 | 57.5 | 6.1% |
| Germany | 34.3 | 19.4 | 32.1 | 41.6 | 6.6% |
| Hungary | 2.2 | 7.1 | 59.4 | 29.4 | 137.3% |
| Romania | 27.8 | 36.1 | 52.5 | 29.0 | 1.4% |
| Others | 459 | 607 | 361 | 468 | 0.6% |
| Total | 3,304 | 2,989 | 3,336 | 3,234 | -0.7% |
Top Export Markets for Metal Self-Locking Nut from Lithuania in 2022:
- Russia (174.1 tons)
- Latvia (63.1 tons)
- Kazakhstan (45.7 tons)
- Estonia (29.2 tons)
- Bulgaria (15.8 tons)
- Belarus (14.7 tons)
- Hungary (13.5 tons)
- Romania (9.1 tons)
- Poland (7.3 tons)
- Germany (6.8 tons)
- Brazil (6.6 tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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