Lithuania: Metal Bath Market 2024

Metal Bath Market Size in Lithuania

The Lithuanian metal bath market declined rapidly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Bath Exports

Exports from Lithuania

In 2022, shipments abroad of baths of iron or steel increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal bath exports soared to $X in 2022. Over the period under review, exports recorded a notable increase. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units), Uzbekistan (X units) and Kazakhstan (X units) were the main destinations of metal bath exports from Lithuania, together accounting for X% of total exports.

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

In value terms, the largest markets for metal bath exported from Lithuania were Uzbekistan ($X), Belarus ($X) and Kazakhstan ($X), together accounting for X% of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal bath export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Bath Imports

Imports into Lithuania

In 2022, overseas purchases of baths of iron or steel increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal bath imports totaled $X in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded 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, Germany (X units) constituted the largest supplier of metal bath to Lithuania, with a X% share of total imports. Moreover, metal bath imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was taken by Latvia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Latvia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of baths of iron or steel to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

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

Import Prices by Country

In 2022, the average metal bath import price amounted to $X per unit, remaining constant against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal bath import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 Italy ($X per unit), while the price for Ukraine ($X per unit) 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

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