Lithuania: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Lithuania

In 2020, the Lithuanian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption, however, recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2018 to 2020, the growth of the market failed to regain momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Lithuania

In value terms, iron, steel or aluminium reservoir production expanded modestly to $X in 2020 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Lithuania

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Lithuania soared to X units, growing by X% compared with 2019. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X units), Denmark (X units) and Finland (X units) were the main destinations of iron, steel or aluminium reservoir exports from Lithuania, with a combined X% share of total exports. Latvia, Sweden, Norway, Germany, Belarus, Ukraine, Kazakhstan, Estonia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Lithuania were Russia ($X), Finland ($X) and Sweden ($X), together comprising X% of total exports.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, picking up by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Lithuania

In 2020, overseas purchases of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, imports saw a noticeable slump. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2020, the growth of imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports fell notably to $X in 2020. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2020, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), Italy (X units) and Turkey (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Lithuania, with a combined X% share of total imports. Germany, the Czech Republic, Belarus, Spain, Austria, Latvia, France, Finland, Russia and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Lithuania were Poland ($X), Italy ($X) and the Czech Republic ($X), together comprising X% of total imports. Germany, Turkey, Austria, France, Belarus, Finland, Spain, Latvia, Estonia and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Belarus, with a CAGR of X%, recorded 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 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, jumping by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :