Lithuania: Wire And Cable Market 2024

Wire And Cable Market Size in Lithuania

The Lithuanian wire and cable market rose significantly to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wire And Cable Production in Lithuania

In value terms, wire and cable production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wire And Cable Exports

Exports from Lithuania

In 2022, shipments abroad of insulated wire and cable decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports, however, recorded a mild expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wire and cable exports contracted to $X in 2022. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of wire and cable exports from Lithuania, with a combined X% share of total exports. The Netherlands, Latvia, Estonia, Russia, Poland, the UK and France lagged somewhat behind, together comprising 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 Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for insulated wire and cable exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Wire And Cable Imports

Imports into Lithuania

After two years of growth, purchases abroad of insulated wire and cable decreased by X% to X tons in 2022. In general, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wire and cable imports contracted to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Estonia (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of wire and cable imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to Lithuania were Poland ($X), Germany ($X) and Sweden ($X), with a combined X% share of total imports. Finland, Bosnia and Herzegovina, Estonia, China, Turkey, Latvia, Ukraine, the Czech Republic, Italy and Belarus lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 wire and cable import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by 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 Finland ($X per ton), while the price for Turkey ($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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