Price for Aluminium; Tubes and Pipes in Lithuania - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in Lithuania (CIF) - 2023
2. Price for Aluminium; Tubes and Pipes in Lithuania (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Lithuania
4. Exports of Aluminium; Tubes and Pipes in Lithuania

Price for Aluminium; Tubes and Pipes in Lithuania (CIF) - 2023

In December 2023, the average aluminium; tubes and pipes import price amounted to $3,769 per ton, with a decrease of -18.8% against the previous month. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the peak figure at $6,603 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,546 per ton), while the price for Romania ($998 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Romania (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Tubes and Pipes in Lithuania (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $5,109 per ton, rising by 10% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 19%. Over the period under review, the average export prices hit record highs at $5,354 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Russia ($8,496 per ton), while the average price for exports to Italy ($2,829 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 Russia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Tubes and Pipes in Lithuania

For the fourth consecutive year, Lithuania recorded growth in supplies from abroad of aluminium; tubes and pipeses, which increased by 14% to 1.2K tons in 2022. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium; tubes and pipes imports surged to $6.2M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Tubes and Pipes to Lithuania in 2022:

1. Russia (623.3 tons)
2. Poland (222.3 tons)
3. Bulgaria (96.3 tons)
4. Greece (78.5 tons)
5. Denmark (46.3 tons)
6. Germany (26.8 tons)
7. Italy (26.2 tons)
8. China (5.4 tons)

Exports of Aluminium; Tubes and Pipes in Lithuania

In 2022, the amount of aluminium; tubes and pipeses exported from Lithuania rose markedly to 623 tons, increasing by 6.6% compared with the year before. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, aluminium; tubes and pipes exports soared to $3.2M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Aluminium; Tubes and Pipes from Lithuania in 2022:

1. Latvia (230.2 tons)
2. Estonia (227.9 tons)
3. Poland (76.8 tons)
4. Italy (18.9 tons)
5. Russia (13.6 tons)
6. Ukraine (10.7 tons)

Source: IndexBox Market Intelligence Platform