Lithuania: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Lithuania

In 2022, the Lithuanian market for aluminium plates, sheets and strip of thickness over X mm increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a resilient increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Lithuania

In value terms, production of aluminium plates, sheets and strip of thickness over X mm expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Lithuania

In 2022, after four years of growth, there was significant decline in shipments abroad of aluminium plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm declined markedly to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Latvia (X tons), Estonia (X tons) and Kazakhstan (X tons) were the main destinations of exports of aluminium plates, sheets and strip of thickness over X mm from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium plate, sheet and strip of thickness over X mm exported from Lithuania were Latvia ($X), Estonia ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for aluminium plates, sheets and strip of thickness over X mm amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium plates, sheets and strip of thickness over X mm increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Estonia ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Lithuania

In 2022, the amount of aluminium plates, sheets and strip of thickness over X mm imported into Lithuania fell to X tons, declining by X% on 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm rose sharply to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Hong Kong SAR (X tons) and Germany (X tons) were the main suppliers of imports of aluminium plates, sheets and strip of thickness over X mm to Lithuania, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of aluminium plates, sheets and strip of thickness over X mm to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X.6% per year) and Germany (X% per year).

Import Prices by Country

The average import price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform