Lithuania: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2019

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Lithuania

The revenue of the iron and steel wire market in Lithuania amounted to $X in 2018, going up by X% against the previous year. Overall, iron and steel wire consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Lithuania iron and steel wire consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Lithuania

In value terms, iron and steel wire production amounted to $X in 2018 estimated in export prices. Over the period under review, iron and steel wire production continues to indicate a measured curtailment. The pace of growth was the most pronounced in 2010 when production volume increased by X% y-o-y. Lithuania iron and steel wire production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Lithuania

In 2018, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were exported from Lithuania; shrinking by -X% against the previous year. In general, the total exports indicated temperate growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron and steel wire exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Lithuania exports peaked at X tons in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

In value terms, iron and steel wire exports amounted to $X in 2018. Over the period under review, the total exports indicated a mild increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron and steel wire exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, iron and steel wire exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the largest exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel), making up X% of total exports. It was distantly followed by Italy (X tons), South Korea (X tons), Germany (X tons) and the Czech Republic (X tons), together constituting a X% share of total exports. The following exporters - Turkey (X tons), Belarus (X tons), Russia (X tons), France (X tons), Spain (X tons), Mexico (X tons) and Japan (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to iron and steel wire exports from China stood at +X%. At the same time, Turkey (+X%), Mexico (+X%), Belarus (+X%), Italy (+X%), South Korea (+X%), the Czech Republic (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Russia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Turkey, Italy, South Korea and Belarus increased by +X%, +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The iron and steel wire export price in Lithuania stood at $X per ton in 2018, surging by X% against the previous year. Overall, the iron and steel wire export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. In that year, the export prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Lithuania

Iron and steel wire imports into Lithuania stood at X tons in 2018, rising by X% against the previous year. Overall, iron and steel wire imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Lithuania imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, iron and steel wire imports totaled $X in 2018. Overall, the total imports indicated a perceptible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron and steel wire imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Lithuania imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. (X tons) and Germany (X tons) represented roughly X% of total imports of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2018. It was followed by Poland (X tons), creating a X% share of total imports. France (X tons), India (X tons), Japan (X tons), Switzerland (X tons), Thailand (X tons), Italy (X tons), the Netherlands (X tons), the UK (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire importing markets into Lithuania were Germany ($X), the U.S. ($X) and France ($X), with a combined X% share of total imports. Poland, India, Japan, Italy, Thailand, Switzerland, the Netherlands, the UK, South Korea and Lithuania lagged somewhat behind, together accounting for a further X terms of the main importing countries, India recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Lithuania stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the iron and steel wire import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. In that year, the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform