Lithuania - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Lithuania - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in Lithuania (CIF) - 2022
- Price for Free-Cutting Steel Wire Rod in Lithuania (FOB) - 2022
- Imports of Free-Cutting Steel Wire Rod in Lithuania
- Exports of Free-Cutting Steel Wire Rod in Lithuania
Price for Free-Cutting Steel Wire Rod in Lithuania (CIF) - 2022
In 2021, the average free-cutting steel wire rod import price amounted to $642 per ton, waning by -4.9% against the previous year. Over the period under review, import price indicated a buoyant increase from 2016 to 2021: its price increased at an average annual rate of +6.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, free-cutting steel wire rod import price decreased by -18.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $786 per ton. From 2019 to 2021, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Latvia.
From 2016 to 2021, the rate of growth in terms of prices for Sweden amounted to +50.3% per year.
Price for Free-Cutting Steel Wire Rod in Lithuania (FOB) - 2022
The average free-cutting steel wire rod export price stood at $680 per ton in 2020, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $748 per ton in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Sweden ($822 per ton), while the average price for exports to Finland totaled $680 per ton.
From 2017 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Free-Cutting Steel Wire Rod in Lithuania
In 2021, approx. 4.1 tons of wire rod of free-cutting steel were imported into Lithuania; waning by -96.1% compared with 2020. Over the period under review, imports continue to indicate a precipitous slump. The smallest decline of -60.2% was in 2020.
In value terms, free-cutting steel wire rod imports shrank remarkably to $2.6K in 2021. In general, imports continue to indicate a precipitous decline. The smallest decline of -54.4% was in 2020.
Import of Free-Cutting Steel Wire Rod in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Latvia | N/A | N/A | 2.6 | 0% | |
Italy | 63.4 | N/A | N/A | 0% | |
Germany | 91.5 | 57.0 | N/A | -37.7% | |
Others | N/A | 13.6 | N/A | 0% | |
Total | 155 | 70.7 | 2.6 | -87.0% |
Top Suppliers of Free-Cutting Steel Wire Rod to Lithuania in 2022:
- Latvia (4.1 tons)
Exports of Free-Cutting Steel Wire Rod in Lithuania
In 2020, approx. 220 tons of wire rod of free-cutting steel were exported from Lithuania; falling by -69.6% against 2019. In general, exports faced a dramatic contraction.
In value terms, free-cutting steel wire rod exports dropped sharply to $150K in 2020. Overall, exports faced a sharp setback.
Export of Free-Cutting Steel Wire Rod in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Finland | 6.5 | 149 | 2192.3% | ||
Sweden | 427 | 0.2 | -100.0% | ||
Others | 0.1 | N/A | 0% | ||
Total | 434 | 150 | -65.4% |
Top Export Markets for Free-Cutting Steel Wire Rod from Lithuania in 2022:
- Finland (219.7 tons)
- Sweden (0.2 tons)
This report provides an in-depth analysis of the market for free-cutting steel wire rod in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106120 - Wire rod of free-cutting steel
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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