Lithuania: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Lithuania

In 2022, the Lithuanian metal screw hook market increased by 13% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Metal Screw Hook Production in Lithuania

In value terms, metal screw hook production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Screw Hook Exports

Exports from Lithuania

In 2022, shipments abroad of iron or steel screw hooks and screw rings increased by 9.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 180%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal screw hook exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 180% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Russia (X tons) and Estonia (X tons) were the main destinations of metal screw hook exports from Lithuania, with a combined 80% share of total exports. Latvia, Poland, Belarus and the UK lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +66.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal screw hook exported from Lithuania were Kazakhstan ($X), Russia ($X) and Estonia ($X), together accounting for 77% of total exports. Poland, Latvia, Belarus and the UK lagged somewhat behind, together comprising a further 11%.

The UK, with a CAGR of +74.2%, recorded the highest rates of growth with regard to 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 screw hook export price stood at $X per ton in 2022, increasing by 16% against the previous year. Overall, the export price showed strong growth. The growth pace was the most rapid in 2020 an increase of 40%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Kazakhstan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Lithuania

In 2022, overseas purchases of iron or steel screw hooks and screw rings increased by 50% to X tons, rising for the third consecutive year after four years of decline. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 126% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal screw hook imports rose markedly to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +11.4% 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 +71.4% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 121% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest metal screw hook supplier to Lithuania, accounting for a 46% share of total imports. Moreover, metal screw hook imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.4% per year) and China (+10.6% per year).

In value terms, the largest metal screw hook suppliers to Lithuania were Italy ($X), China ($X) and Germany ($X), together comprising 61% of total imports. Poland, Sweden and Latvia lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Latvia, with a CAGR of +37.9%, saw the highest rates of growth with regard to the value of imports, 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 metal screw hook import price amounted to $X per ton, which is down by -25.4% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price decreased by -32.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 52%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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