Lithuania: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Lithuania

After two years of growth, the Lithuanian base metal flexible tubing market decreased by X% to $X in 2022. In general, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Production of Base Metal Flexible Tubing, Iron Or Steel in Lithuania

In value terms, base metal flexible tubing production dropped sharply to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Lithuania

In 2022, shipments abroad of base metal flexible tubing, iron or steel increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal flexible tubing exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of base metal flexible tubing exports from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for base metal flexible tubing, iron or steel exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Estonia ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

In 2022, the average base metal flexible tubing export price amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($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 Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Lithuania

In 2022, after two years of growth, there was significant decline in supplies from abroad of base metal flexible tubing, iron or steel, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, base metal flexible tubing imports rose remarkably to $X in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Poland (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of base metal flexible tubing imports to Lithuania, with a combined X% share of total imports. Ukraine, Estonia, Denmark, France and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal flexible tubing suppliers to Lithuania were Poland ($X), France ($X) and Sweden ($X), with a combined X% share of total imports. The Netherlands, Denmark, Ukraine, Estonia and Belgium lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal flexible tubing import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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