Lithuania: Office Metal Staple Market 2025

Office Metal Staple Market Size in Lithuania

In 2022, the Lithuanian office metal staple market decreased by -9.2% to $X for the first time since 2015, thus ending a six-year rising trend. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.1% against 2015 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Office Metal Staple Production in Lithuania

In value terms, office metal staple production fell dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by 147% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Office Metal Staple Exports

Exports from Lithuania

In 2022, overseas shipments of base metal staples in strips for use in offices decreased by -36.1% to X tons, falling for the fifth year in a row after three years of growth. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 82%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, office metal staple exports shrank remarkably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons) was the main destination for office metal staple exports from Lithuania, with a 54% share of total exports. Moreover, office metal staple exports to Belarus exceeded the volume sent to the second major destination, Latvia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-2.8% per year) and Estonia (+2.9% per year).

In value terms, Belarus ($X) remains the key foreign market for base metal staples in strips for use in offices exports from Lithuania, comprising 47% of total exports. The second position in the ranking was taken by Latvia ($X), with a 20% share of total exports. It was followed by Estonia, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+0.6% per year) and Estonia (+5.7% per year).

Export Prices by Country

The average office metal staple export price stood at $X per ton in 2022, rising by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 an increase of 30% 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 the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ireland ($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 (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Office Metal Staple Imports

Imports into Lithuania

In 2022, supplies from abroad of base metal staples in strips for use in offices decreased by -17% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. Imports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, office metal staple imports fell to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +27.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of office metal staple to Lithuania, with a 69% share of total imports. Moreover, office metal staple imports from Poland exceeded the figures recorded by the second-largest supplier, Croatia (X tons), eightfold. The third position in this ranking was held by Turkey (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (-3.5% per year) and Turkey (+117.8% per year).

In value terms, Poland ($X) constituted the largest supplier of base metal staples in strips for use in offices to Lithuania, comprising 63% of total imports. The second position in the ranking was held by India ($X), with a 6.4% share of total imports. It was followed by Croatia, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.9% per year) and Croatia (-3.3% per year).

Import Prices by Country

In 2022, the average office metal staple import price amounted to $X per ton, surging by 4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 an increase of 23%. 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 Latvia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform