Lithuania: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Lithuania

The Lithuanian metal self-tapping screw market rose to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw buoyant growth. Metal self-tapping screw consumption peaked in 2022 and is likely to continue growth in the immediate term.

Metal Self-Tapping Screw Production in Lithuania

In value terms, metal self-tapping screw production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in the near future.

Metal Self-Tapping Screw Exports

Exports from Lithuania

In 2022, the amount of iron or steel self-tapping screws exported from Lithuania soared to X tons, growing by X% on the year before. In general, exports showed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal self-tapping screw exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Poland (X tons) and Latvia (X tons) were the main destinations of metal self-tapping screw exports from Lithuania, together accounting for X% of total exports. Hungary, Estonia, Bulgaria, Belgium, Romania, Belarus, Sweden, Ireland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for iron or steel self-tapping screws exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Poland, 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: Latvia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a buoyant increase 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 self-tapping screw export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Metal Self-Tapping Screw Imports

Imports into Lithuania

In 2022, supplies from abroad of iron or steel self-tapping screws decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, metal self-tapping screw imports rose notably to $X in 2022. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal self-tapping screw imports to Lithuania, with a combined X% share of total imports.

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

In value terms, the largest metal self-tapping screw suppliers to Lithuania were Poland ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. China, Latvia, Finland, Estonia and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, 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 self-tapping screw import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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