Lithuania: Copper Wire Market 2024

Copper Wire Market Size in Lithuania

The Lithuanian copper wire market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a pronounced slump. Copper wire consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Copper Wire Production in Lithuania

In value terms, copper wire production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Copper Wire Exports

Exports from Lithuania

In 2022, overseas shipments of copper wire increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a precipitous shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper wire exports surged to $X in 2022. In general, exports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons), Russia (X tons) and Belarus (X tons) were the main destinations of copper wire exports from Lithuania, with a combined X% share 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 ($X) remains the key foreign market for copper wire exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

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

Export Prices by Country

The average copper wire export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, export price indicated a tangible expansion 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, copper wire export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Latvia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Lithuania

In 2022, imports of copper wire into Lithuania shrank modestly to X tons, waning by X% on 2021. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, copper wire imports fell to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of copper wire to Lithuania, accounting for a X% share of total imports. Moreover, copper wire imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold.

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

In value terms, Sweden ($X) constituted the largest supplier of copper wire to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports.

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

Import Prices by Country

The average copper wire import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($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 a decline.

Source: IndexBox Platform

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