Price for Chain and Parts Thereof, of Iron or Steel in Lithuania - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Lithuania (FOB) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Lithuania (CIF) - 2022
- Exports of Chain and Parts Thereof, of Iron or Steel in Lithuania
- Imports of Chain and Parts Thereof, of Iron or Steel in Lithuania
Price for Chain and Parts Thereof, of Iron or Steel in Lithuania (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $4,201 per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($8,628 per ton), while the average price for exports to Faroe Islands ($3,033 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 Belarus (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Lithuania (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $3,267 per ton in 2022, declining by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. As a result, import price reached the peak level of $3,337 per ton, and then contracted slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($7,886 per ton), while the price for China ($2,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Chain and Parts Thereof, of Iron or Steel in Lithuania
In 2022, approx. 5.4K tons of chain and parts thereof, of iron or steel were exported from Lithuania; growing by 7.1% against the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of chain and parts thereof, of iron or steel expanded rapidly to $23M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Chain and Parts Thereof, of Iron or Steel in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.9 | 3.3 | 5.0 | 6.9 | 12.1% |
| Norway | 4.5 | 4.4 | 4.8 | 5.4 | 6.3% |
| Russia | 3.0 | 3.3 | 4.3 | 2.6 | -4.7% |
| United States | 1.0 | 0.8 | 0.7 | 1.4 | 11.9% |
| Latvia | 0.9 | 0.9 | 1.1 | 1.1 | 6.9% |
| Sweden | 0.6 | 0.6 | 1.0 | 0.8 | 10.1% |
| Romania | 0.3 | 0.2 | 0.5 | 0.5 | 18.6% |
| Belarus | 0.9 | 1.0 | 0.8 | 0.5 | -17.8% |
| Faroe Islands | 0.1 | 0.3 | 0.2 | 0.5 | 71.0% |
| Poland | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Others | 1.9 | 1.8 | 1.8 | 2.4 | 8.1% |
| Total | 18.4 | 16.8 | 20.8 | 22.6 | 7.1% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Lithuania in 2022:
- Canada (1807.1 tons)
- Norway (1547.8 tons)
- United States (410.5 tons)
- Russia (321.7 tons)
- Latvia (233.1 tons)
- Sweden (228.6 tons)
- Faroe Islands (174.1 tons)
- Romania (136.3 tons)
- Poland (88.7 tons)
- Belarus (53.9 tons)
Imports of Chain and Parts Thereof, of Iron or Steel in Lithuania
In 2022, purchases abroad of chain and parts thereof, of iron or steel was finally on the rise to reach 6.7K tons after two years of decline. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel soared to $22M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.2 | 3.9 | 5.0 | 6.4 | 15.1% |
| China | 4.1 | 3.6 | 3.4 | 5.4 | 9.6% |
| Germany | 1.6 | 2.5 | 3.2 | 3.3 | 27.3% |
| Netherlands | 1.0 | 0.9 | 1.5 | 1.6 | 17.0% |
| Poland | 0.9 | 1.0 | 1.5 | 1.5 | 18.6% |
| Czech Republic | 0.7 | 0.8 | 0.6 | 0.6 | -5.0% |
| Ukraine | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Estonia | N/A | 0.5 | 0.5 | 0.1 | -55.3% |
| Others | 3.3 | 2.6 | 3.0 | 2.8 | -5.3% |
| Total | 15.9 | 16.1 | 18.9 | 21.8 | 11.1% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Lithuania in 2022:
- Sweden (2663.7 tons)
- China (2345.5 tons)
- Germany (476.6 tons)
- Poland (275.6 tons)
- Netherlands (196.7 tons)
- Czech Republic (123.9 tons)
- Ukraine (118.8 tons)
- Estonia (7.5 tons)
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