Lithuania - Threaded Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThreaded Metal Articles Price in Lithuania - 2023
Contents:
- Threaded Metal Articles Price in Lithuania (CIF) - 2023
- Threaded Metal Articles Price in Lithuania (FOB) - 2023
- Threaded Metal Articles Imports in Lithuania
- Threaded Metal Articles Exports in Lithuania
Threaded Metal Articles Price in Lithuania (CIF) - 2023
The average threaded metal articles import price stood at $6,964 per ton in September 2023, increasing by 45% against the previous month. Over the period under review, import price indicated a resilient expansion from September 2022 to September 2023: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, threaded metal articles import price increased by +44.8% against August 2023 indices. The pace of growth was the most pronounced in October 2022 when the average import price increased by 113% month-to-month. Over the period under review, average import prices hit record highs at $7,404 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($69,499 per ton), while the price for China ($2,013 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 Italy (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Threaded Metal Articles Price in Lithuania (FOB) - 2023
The average threaded metal articles export price stood at $11,396 per ton in September 2023, surging by 31% against the previous month. Over the period under review, the export price posted noticeable growth. The most prominent rate of growth was recorded in April 2023 an increase of 261% against the previous month. As a result, the export price reached the peak level of $25,866 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Russia ($29,977 per ton), while the average price for exports to Hungary ($2,980 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 Russia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Threaded Metal Articles Imports in Lithuania
For the fourth year in a row, Lithuania recorded growth in supplies from abroad of threaded articles of iron or steel, which increased by 25% to 1.8K tons in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, threaded metal articles imports skyrocketed to $9M in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Threaded Metal Articles in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 688 | 600 | 2,030 | 2,700 | 57.7% |
| Germany | 1,299 | 1,384 | 1,865 | 2,224 | 19.6% |
| Italy | 469 | 631 | 1,013 | 927 | 25.5% |
| Poland | 361 | 366 | 502 | 769 | 28.7% |
| Slovakia | 299 | 246 | 250 | 515 | 19.9% |
| Finland | 369 | 229 | 223 | 342 | -2.5% |
| Latvia | 208 | 181 | 240 | 324 | 15.9% |
| Netherlands | 176 | 111 | 182 | 61.7 | -29.5% |
| Others | 1,280 | 913 | 1,265 | 1,146 | -3.6% |
| Total | 5,150 | 4,659 | 7,571 | 9,009 | 20.5% |
Top Suppliers of Threaded Metal Articles to Lithuania in 2022:
- China (1040.8 tons)
- Germany (184.7 tons)
- Poland (165.9 tons)
- Slovakia (132.8 tons)
- Latvia (87.8 tons)
- Italy (85.8 tons)
- Finland (31.9 tons)
- Netherlands (3.3 tons)
Threaded Metal Articles Exports in Lithuania
In 2022, overseas shipments of threaded articles of iron or steel decreased by -10.6% to 515 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 576 tons, and then contracted in the following year.
In value terms, threaded metal articles exports contracted to $4.2M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $4.5M, and then declined in the following year.
| Export of Threaded Metal Articles in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.9 | 863 | 1,526 | 1,657 | 451.1% |
| Russia | 1,298 | 1,126 | 1,377 | 1,060 | -6.5% |
| Latvia | 285 | 258 | 323 | 366 | 8.7% |
| Belarus | 158 | 188 | 311 | 142 | -3.5% |
| Estonia | 136 | 92.1 | 80.6 | 138 | 0.5% |
| Norway | 148 | 85.3 | 130 | 130 | -4.2% |
| Poland | 87.1 | 95.1 | 182 | 117 | 10.3% |
| Romania | 28.2 | 33.6 | 48.6 | 107 | 56.0% |
| Kazakhstan | 356 | 119 | 88.4 | 55.0 | -46.3% |
| Kyrgyzstan | 0.1 | 0.3 | 0.2 | 19.2 | 476.9% |
| United Kingdom | 382 | 523 | 29.9 | 11.7 | -68.7% |
| Others | 301 | 396 | 395 | 375 | 7.6% |
| Total | 3,189 | 3,779 | 4,491 | 4,177 | 9.4% |
Top Export Markets for Threaded Metal Articles from Lithuania in 2022:
- Germany (161.1 tons)
- Latvia (91.1 tons)
- Russia (89.4 tons)
- Romania (25.4 tons)
- Estonia (23.3 tons)
- Kyrgyzstan (20.8 tons)
- Belarus (18.1 tons)
- Poland (18.0 tons)
- Norway (15.0 tons)
- Kazakhstan (14.8 tons)
- United Kingdom (1.9 tons)
This report provides an in-depth analysis of the threaded metal articles 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 25941190 - Threaded articles, n.e.c., of iron or steel
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
-
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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