Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania - 2023

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (CIF) - 2023
  2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (FOB) - 2023
  3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania
  4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (CIF) - 2023

The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $3.4 per unit in November 2023, with an increase of 13% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 49% month-to-month. As a result, import price attained the peak level of $5.5 per unit. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($6.9 per unit), while the price for the Netherlands ($2.7 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (FOB) - 2023

The average export price for non-electric iron or steel central heating radiators other than of cast iron stood at $11.4 per unit in November 2023, declining by -3.2% against the previous month. Overall, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in May 2023 an increase of 127% month-to-month. Over the period under review, the average export prices attained the maximum at $11.8 per unit in October 2023, and then reduced in the following month.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Russia ($29.8 per unit), while the average price for exports to Latvia ($3.5 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania

Imports of non-electric iron or steel central heating radiators other than of cast iron into Lithuania contracted to 3.9M units in 2022, shrinking by -2.4% against the previous year's figure. Over the period under review, imports recorded a pronounced shrinkage. The smallest decline of -2.2% was in 2020. Imports peaked at 4.5M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron reached $11M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey1.61.92.12.516.0%
Latvia1.51.51.92.417.0%
Germany2.22.22.22.1-1.5%
Poland1.01.11.71.514.5%
Italy1.20.50.41.0-5.9%
Czech Republic0.70.60.60.5-10.6%
Estonia0.30.30.40.410.1%
Others1.20.61.21.0-5.9%
Total9.68.810.311.25.3%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Lithuania in 2022:

  1. Turkey (1326.1K units)
  2. Latvia (978.1K units)
  3. Germany (740.2K units)
  4. Poland (379.5K units)
  5. Italy (133.6K units)
  6. Czech Republic (133.4K units)
  7. Estonia (90.4K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania

In 2022, shipments abroad of non-electric iron or steel central heating radiators other than of cast iron was finally on the rise to reach 648K units after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at 858K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron skyrocketed to $5M in 2022. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia2,2151,3239941,582-10.6%
Uzbekistan26017674396654.9%
Latvia46631942663410.8%
Kazakhstan764347548456-15.8%
Kyrgyzstan20.734.0194268134.8%
United Kingdom7.66.418.1194194.4%
Norway22814694.4173-8.8%
Estonia24677.511583.1-30.4%
Others671662662658-0.7%
Total4,8793,0923,7955,0140.9%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Lithuania in 2022:

  1. Russia (194.3K units)
  2. Latvia (178.6K units)
  3. Uzbekistan (70.9K units)
  4. United Kingdom (42.4K units)
  5. Kazakhstan (42.0K units)
  6. Estonia (26.8K units)
  7. Kyrgyzstan (25.2K units)
  8. Norway (13.2K units)

Source: IndexBox Market Intelligence Platform

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