Price for Railway or Tramway Track Constructions of Iron or Steel in Lithuania - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Lithuania (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Lithuania (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Lithuania
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Lithuania

Price for Railway or Tramway Track Constructions of Iron or Steel in Lithuania (CIF) - 2022

The average import price for railway or tramway track constructions of iron or steel stood at $1,570 per ton in 2022, picking up by 54% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway track constructions of iron or steel increased by +75.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($4,109 per ton), while the price for Spain ($1,271 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Lithuania (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,708 per ton, waning by -8.2% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The growth pace was the most rapid in 2014 when the average export price increased by 102%. The export price peaked at $2,951 per ton in 2021, and then declined in the following year.

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 Latvia ($5,458 per ton), while the average price for exports to Pakistan ($609 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 Latvia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Lithuania

In 2022, supplies from abroad of railway or tramway track constructions of iron or steel decreased by -61.2% to 7.6K tons, falling for the second consecutive year after two years of growth. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of 22K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of railway or tramway track constructions of iron or steel shrank rapidly to $12M in 2022. Over the period under review, imports showed a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Lithuania in 2022:

1. Spain (3907.4 tons)
2. Kazakhstan (999.5 tons)
3. Austria (793.6 tons)
4. Latvia (787.8 tons)
5. France (340.6 tons)
6. Germany (298.7 tons)
7. Estonia (181.0 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Lithuania

In 2022, overseas shipments of railway or tramway track constructions of iron or steel were finally on the rise to reach 2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a drastic downturn.

In value terms, exports of railway or tramway track constructions of iron or steel soared to $5.3M in 2022. The total export value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Lithuania in 2022:

1. Ukraine (598.4 tons)
2. Germany (523.1 tons)
3. Pakistan (186.5 tons)
4. Spain (154.5 tons)
5. Estonia (130.0 tons)
6. Austria (102.0 tons)
7. Latvia (97.1 tons)
8. Switzerland (45.6 tons)
9. Russia (41.3 tons)
10. Finland (1.4 tons)

Source: IndexBox Market Intelligence Platform