Lithuania: Nail And Bolt Market 2024

Nail And Bolt Market Size in Lithuania

In 2022, the Lithuanian nail and bolt market increased by X% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Nail and bolt consumption peaked in 2022 and is expected to retain growth in the near future.

Nail And Bolt Production in Lithuania

In value terms, nail and bolt production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Nail and bolt production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Lithuania

In 2022, nail and bolt exports from Lithuania stood at X tons, increasing by X% on 2021 figures. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nail and bolt exports soared to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for nail and bolt exports from Lithuania, with a X% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Latvia (X% per year).

In value terms, the United States ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average nail and bolt export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a resilient 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, nail and bolt export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Nail And Bolt Imports

Imports into Lithuania

After three years of growth, purchases abroad of nails, tacks, staples, screws and bolts decreased by X% to X tons in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, nail and bolt imports expanded significantly to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value 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, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of nail and bolt imports to Lithuania, together comprising X% of total imports. Slovakia, Taiwan (Chinese), Latvia, Turkey, India, Italy, Belarus, Ukraine, Finland and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest nail and bolt suppliers to Lithuania were Poland ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Slovakia, Italy, Latvia, Taiwan (Chinese), Sweden, Finland, India, Turkey, Ukraine and Belarus lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 nail and bolt import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :