Lithuania: Iron Angle Market 2020

Iron Angle Market Size in Lithuania

The revenue of the iron angle market in Lithuania amounted to $X in 2018, jumping by X% against the previous year. In general, iron angle consumption, however, continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Lithuania iron angle consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Iron Angle Production in Lithuania

In value terms, iron angle production stood at $X in 2018 estimated in export prices. In general, iron angle production continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Lithuania iron angle production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Iron Angle Exports

Exports from Lithuania

In 2018, the exports of angles, shapes and sections (of iron or non-alloy steel) from Lithuania totaled X tons, jumping by X% against the previous year. Overall, iron angle exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, iron angle exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, iron angle exports amounted to $X in 2018. In general, iron angle exports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Lithuania exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

The exports of the twelve major exporters of angles, shapes and sections (of iron or non-alloy steel), namely Spain, Turkey, Germany, Luxembourg, South Korea, China, Italy, Poland, Japan, the U.S., Ukraine and Russia, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Lithuania, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle markets from Lithuania were Spain ($X), Germany ($X) and Turkey ($X), together comprising X% of total exports. Luxembourg, China, South Korea, Italy, Poland, the U.S., Japan, Russia, Ukraine and Lithuania lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The iron angle export price in Lithuania stood at $X per ton in 2018, picking up by X% against the previous year. Overall, the iron angle export price, however, continues to indicate a moderate decline. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the export prices for angles, shapes and sections (of iron or non-alloy steel) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for angles, shapes and sections (of iron or non-alloy steel) remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Iron Angle Imports

Imports into Lithuania

Iron angle imports into Lithuania stood at X tons in 2018, rising by X% against the previous year. Over the period under review, iron angle imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Lithuania imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, iron angle imports totaled $X in 2018. Over the period under review, iron angle imports, however, continue to indicate a significant drop. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Lithuania imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

Germany (X tons), South Korea (X tons), the U.S. (X tons), Canada (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Malaysia (X tons), Russia (X tons), Poland (X tons), Belgium (X tons) and Turkey (X tons) represented roughly X% of total imports of angles, shapes and sections (of iron or non-alloy steel) in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle importing markets into Lithuania were Germany ($X), Canada ($X) and France ($X), together accounting for X% of total imports. These countries were followed by South Korea, the U.S., the Netherlands, the UK, Malaysia, Russia, Poland, Belgium, Turkey and Lithuania, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2018, the iron angle import price in Lithuania amounted to $X per ton, growing by X% against the previous year. In general, the iron angle import price, however, continues to indicate a measured setback. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the import prices for angles, shapes and sections (of iron or non-alloy steel) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for angles, shapes and sections (of iron or non-alloy steel) failed to regain its momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Canada ($X per ton) and the Netherlands ($X per ton), while South Korea ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform