Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania - 2023

Contents:

1. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania (CIF) - 2022
2. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania (FOB) - 2023
3. Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania
4. Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania (CIF) - 2022

In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $27,045 per ton, surging by 102% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $30,024 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($42,688 per ton), while the price for France ($5,637 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania (FOB) - 2023

The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $32,383 per ton in August 2023, reducing by -9.1% against the previous month. Over the period under review, the export price, however, showed a mild expansion. The most prominent rate of growth was recorded in January 2023 an increase of 111% against the previous month. As a result, the export price attained the peak level of $78,688 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($32,109 per ton), while the average price for exports to Belarus totaled $15,898 per ton.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania

In 2022, supplies from abroad of press-fasteners, snap-fasteners, press-studs and parts therefor decreased by -7.1% to 73 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports attained the peak of 90 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $2M in 2022. Over the period under review, imports, however, showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Lithuania in 2022:

1. Greece (39.9 tons)
2. France (9.5 tons)
3. Denmark (6.7 tons)
4. Poland (5.9 tons)
5. China (3.5 tons)
6. Taiwan (Chinese) (2.6 tons)
7. Latvia (0.9 tons)

Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Lithuania

In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from Lithuania skyrocketed to 36 tons, with an increase of 55% compared with the previous year's figure. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $698K in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Lithuania in 2022:

1. Russia (23.4 tons)
2. Kyrgyzstan (5.4 tons)
3. Poland (1.5 tons)
4. Belarus (1.3 tons)
5. Ukraine (1.2 tons)
6. Estonia (0.8 tons)
7. Denmark (0.7 tons)
8. Armenia (0.7 tons)

Source: IndexBox Market Intelligence Platform