Lithuania: Metal Link Chain Market 2024

Metal Link Chain Market Size in Lithuania

In 2022, the Lithuanian metal link chain market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Metal Link Chain Exports

Exports from Lithuania

In 2022, shipments abroad of iron or steel articulated link chain decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports expanded notably to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Russia (X tons) was the main destination for metal link chain exports from Lithuania, with a X% share of total exports. Moreover, metal link chain exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold. The third position in this ranking was taken by Latvia (X tons), with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for iron or steel articulated link chain exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

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

Export Prices by Country

In 2022, the average metal link chain export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a temperate 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. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Lithuania

In 2022, approx. X tons of iron or steel articulated link chain were imported into Lithuania; picking up by X% on 2021 figures. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal link chain imports rose slightly to $X in 2022. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of metal link chain imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average metal link chain import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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