Lithuania: Aluminium Tube Market 2024

Aluminium Tube Market Size in Lithuania

The Lithuanian aluminium tube market soared to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a mild downturn. Aluminium tube consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aluminium Tube Production in Lithuania

In value terms, aluminium tube production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aluminium Tube Exports

Exports from Lithuania

For the eleventh consecutive year, Lithuania recorded growth in overseas shipments of aluminium tubes, pipes and tube or pipe fittings, which increased by X% to X tons in 2022. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, aluminium tube exports contracted to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

Latvia (X tons), Estonia (X tons) and Poland (X tons) were the main destinations of aluminium tube exports from Lithuania, with a combined X% share of total exports. Russia, Italy, Ukraine and Belarus 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 Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Latvia ($X) and Poland ($X) constituted the largest markets for aluminium tube exported from Lithuania worldwide, with a combined X% share of total exports. Russia, Ukraine, Italy and Belarus lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Italy ($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.

Aluminium Tube Imports

Imports into Lithuania

In 2022, supplies from abroad of aluminium tubes, pipes and tube or pipe fittings increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, aluminium tube imports skyrocketed to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of aluminium tube to Lithuania, with a X% share of total imports. Moreover, aluminium tube imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Bulgaria (X% per year).

In value terms, Russia ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform