Lithuania: Market for Crude Steel And Steel Semi-Finished Products 2019

Market Size for Crude Steel And Steel Semi-Finished Products in Lithuania

The revenue of the market for crude steel and steel semi-finished products in Lithuania amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption of crude steel and steel semi-finished products continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the market for crude steel and steel semi-finished products attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Exports of Crude Steel And Steel Semi-Finished Products

Exports from Lithuania

In 2018, approx. X tons of crude steel and steel semi-finished products were exported from Lithuania; increasing by X% against the previous year. Over the period under review, exports of crude steel and steel semi-finished products continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, exports of crude steel and steel semi-finished products attained their peak and are likely to continue its growth in the immediate term.

In value terms, exports of crude steel and steel semi-finished products amounted to $X in 2018. In general, exports of crude steel and steel semi-finished products continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports of crude steel and steel semi-finished products reached their peak figure at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Russia (X tons), distantly followed by Brazil (X tons), Ukraine (X tons) and Japan (X tons) were the main exporters of crude steel and steel semi-finished products, together making up X% of total exports. India (X tons), Mexico (X tons), Germany (X tons), Iran (X tons), France (X tons), the Netherlands (X tons), South Korea (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

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

In value terms, Russia ($X), Brazil ($X) and Ukraine ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Japan, Germany, India, Mexico, Iran, France, the Netherlands, South Korea, the United Arab Emirates and Lithuania lagged somewhat behind, together accounting for a further X United Arab Emirates experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price for crude steel and steel semi-finished products in Lithuania stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the export price for crude steel and steel semi-finished products continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. In that year, the export prices for crude steel and steel semi-finished products attained their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Crude Steel And Steel Semi-Finished Products

Imports into Lithuania

In 2018, the amount of crude steel and steel semi-finished products imported into Lithuania stood at X tons, going down by -X% against the previous year. In general, imports of crude steel and steel semi-finished products continue to indicate a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports of crude steel and steel semi-finished products attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, imports of crude steel and steel semi-finished products amounted to $X in 2018. In general, imports of crude steel and steel semi-finished products continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of crude steel and steel semi-finished products attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The imports of the eleven major importers of crude steel and steel semi-finished products, namely the U.S., Taiwan, Chinese, Turkey, Thailand, Italy, Indonesia, Germany, Belgium, the Philippines, South Korea and France, represented more than two-thirds of total import. Nepal (X tons) took a minor share of total imports.

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

In value terms, the largest crude steel and steel semi-finished products importing markets into Lithuania were the U.S. ($X), Taiwan, Chinese ($X) and Italy ($X), together comprising X% of total imports. These countries were followed by Turkey, Indonesia, Thailand, Germany, Belgium, South Korea, the Philippines, France, Nepal and Lithuania, which together accounted for a further X the main importing countries, Nepal recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the import price for crude steel and steel semi-finished products in Lithuania amounted to $X per ton, increasing by X% against the previous year. Overall, the import price for crude steel and steel semi-finished products continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2012 when the import price increased by X% year-to-year. Lithuania import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform