Lithuania: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Lithuania

In 2022, the Lithuanian concrete reinforcing bar market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Concrete Reinforcing Bar Production in Lithuania

In value terms, concrete reinforcing bar production surged to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Concrete Reinforcing Bar Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in overseas shipments of concrete reinforcing bars, when their volume decreased by X% to X tons. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, concrete reinforcing bar exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons), Latvia (X tons) and Finland (X tons) were the main destinations of concrete reinforcing bar exports from Lithuania, together comprising X% of total exports. Poland, Estonia, Germany and Norway lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for concrete reinforcing bar exported from Lithuania were Sweden ($X), Latvia ($X) and Finland ($X), with a combined X% share of total exports. Poland, Estonia, Germany and Norway lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Norway, with a CAGR of X%, saw the highest growth rate of 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 concrete reinforcing bar export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a temperate increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Estonia ($X per ton), while the average price for exports to Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Concrete Reinforcing Bar Imports

Imports into Lithuania

Concrete reinforcing bar imports into Lithuania reduced modestly to X tons in 2022, flattening at 2021 figures. Overall, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports soared to $X in 2022. In general, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia (X tons), Belarus (X tons) and Poland (X tons) were the main suppliers of concrete reinforcing bar imports to Lithuania, with a combined X% share of total imports. Ukraine, Spain, Turkey, Germany and Latvia lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X), Poland ($X) and Belarus ($X) appeared to be the largest concrete reinforcing bar suppliers to Lithuania, together accounting for X% of total imports. Ukraine, Spain, Turkey, Germany and Latvia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated measured 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, concrete reinforcing bar import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Turkey ($X per ton), while the price for Belarus ($X per ton) and Russia ($X per ton) were 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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