Lithuania: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Lithuania

The Lithuanian stainless steel angle market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Stainless Steel Angle Production in Lithuania

In value terms, stainless steel angle production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Stainless steel angle production peaked at $X in 2020; afterwards, it flattened through to 2022.

Stainless Steel Angle Exports

Exports from Lithuania

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel exported from Lithuania reduced markedly to X tons, waning by X% compared with the previous year. In general, exports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stainless steel angle exports reduced dramatically to $X in 2022. Over the period under review, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for stainless steel angle exports from Lithuania, with a X% share of total exports. Moreover, stainless steel angle exports to Latvia exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and the UK (X% per year).

In value terms, the largest markets for stainless steel angle exported from Lithuania were Latvia ($X), Estonia ($X) and the UK ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Lithuania

After two years of growth, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel angle imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of stainless steel angle to Lithuania, with a X% share of total imports. Moreover, stainless steel angle imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Germany (X% per year).

In value terms, Poland ($X) constituted the largest supplier of angles, shapes and sections of stainless steel or other alloy steel to Lithuania, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average stainless steel angle import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :