Report Update: May 1, 2024

Lithuania - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights

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Steel Stranded Wire Price in Lithuania - 2023

Steel Stranded Wire Price in Lithuania (CIF) - 2022

The average steel stranded wire import price stood at $1,858 per ton in 2022, growing by 21% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel stranded wire import price increased by +60.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 32%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($27,563 per ton), while the price for Turkey ($1,277 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+39.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Steel Stranded Wire Price in Lithuania (FOB) - 2023

The average steel stranded wire export price stood at $2,463 per ton in October 2023, which is down by -14.2% against the previous month. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 48% m-o-m. As a result, the export price attained the peak level of $3,635 per ton. From July 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Estonia ($7,078 per ton), while the average price for exports to Latvia ($1,042 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports in Lithuania

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables decreased by -36.4% to 6.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 10K tons, and then shrank notably in the following year.

In value terms, steel stranded wire imports shrank dramatically to $12M in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of $16M, and then shrank rapidly in the following year.

Import of Steel Stranded Wire in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	0.6	0.7	3.2	3.4	78.3%
Spain	1.3	1.0	2.4	1.8	11.5%
Turkey	0.1	0.1	0.2	1.6	152.0%
Poland	0.2	0.8	1.5	1.0	71.0%
China	0.4	0.4	0.5	1.0	35.7%
Sweden	0.9	1.0	1.5	0.4	-23.7%
Russia	1.8	1.0	2.3	0.3	-45.0%
Others	3.4	2.8	4.1	2.8	-6.3%
Total	8.7	7.8	15.7	12.1	11.6%

Top Suppliers of Steel Stranded Wire to Lithuania in 2022:

Ukraine (2210.7 tons)
Turkey (1229.9 tons)
Spain (1030.9 tons)
China (480.4 tons)
Poland (449.1 tons)
Sweden (190.9 tons)
Russia (186.2 tons)

Steel Stranded Wire Exports in Lithuania

In 2022, steel stranded wire exports from Lithuania fell sharply to 2.5K tons, with a decrease of -32.6% against 2021 figures. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 0.8%.

In value terms, steel stranded wire exports dropped markedly to $7M in 2022. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.

Export of Steel Stranded Wire in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	5,779	3,668	4,545	3,811	-13.0%
Spain	788	1,194	1,101	670	-5.3%
Russia	2,293	1,219	1,703	669	-33.7%
Latvia	433	236	307	470	2.8%
Seychelles	81.0	170	149	326	59.1%
Kazakhstan	378	237	125	191	-20.4%
Norway	122	185	208	171	11.9%
Estonia	93.3	93.1	246	101	2.7%
United States	632	321	188	79.0	-50.0%
Sweden	643	171	54.4	40.2	-60.3%
Others	2,528	1,252	1,011	432	-44.5%
Total	13,770	8,747	9,638	6,960	-20.3%

Top Export Markets for Steel Stranded Wire from Lithuania in 2022:

Denmark (1413.8 tons)
Latvia (271.4 tons)
Spain (269.9 tons)
Seychelles (109.5 tons)
Russia (102.3 tons)
Kazakhstan (73.6 tons)
Norway (50.8 tons)
Estonia (27.8 tons)
United States (24.6 tons)
Sweden (24.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel stranded wire 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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