Lithuania: Flat-Rolled Steel Products Market 2020

Flat-Rolled Steel Products Market Size in Lithuania

The revenue of the flat-rolled steel products market in Lithuania amounted to $X in 2018, waning 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). In general, flat-rolled steel products consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Lithuania flat-rolled steel products consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Flat-Rolled Steel Products Exports

Exports from Lithuania

Flat-rolled steel products exports from Lithuania totaled X tons in 2018, dropping by -X% against the previous year. In general, flat-rolled steel products exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, flat-rolled steel products exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, flat-rolled steel products exports amounted to $X in 2018. Overall, flat-rolled steel products exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, flat-rolled steel products exports reached their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Japan (X tons), Slovakia (X tons), South Korea (X tons) and France (X tons) represented the main exporters of flat-rolled products of iron or non-alloy steel, together mixing up X% of total exports. Belgium (X tons), Canada (X tons), Brazil (X tons), Serbia (X tons) and Taiwan, Chinese (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 China, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, China experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the flat-rolled steel products export price in Lithuania amounted to $X per ton, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Lithuania export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Germany ($X per ton) and Slovakia ($X per ton), while China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Flat-Rolled Steel Products Imports

Imports into Lithuania

Flat-rolled steel products imports into Lithuania stood at X tons in 2018, shrinking by -X% against the previous year. In general, flat-rolled steel products imports continue to indicate a mild deduction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, flat-rolled steel products imports attained their maximum at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, flat-rolled steel products imports stood at $X in 2018. Over the period under review, flat-rolled steel products imports continue to indicate a slight slump. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Lithuania imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons) and Italy (X tons) were the largest importers of flat-rolled products of iron or non-alloy steelin the world, together finishing at near X% of total imports. The following importers - Thailand (X tons), India (X tons), France (X tons), Mexico (X tons), the Netherlands (X tons), the Philippines (X tons), Germany (X tons), Poland (X tons), Russia (X tons) and Saudi Arabia (X tons) - together made up X% 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 the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products importing markets into Lithuania were the U.S. ($X), Italy ($X) and Thailand ($X), with a combined X% share of total imports.

The U.S. recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the flat-rolled steel products import price in Lithuania amounted to $X per ton, going up by X% against the previous year. Over the period under review, the flat-rolled steel products import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. In that year, the import prices for flat-rolled products of iron or non-alloy steel attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for flat-rolled products of iron or non-alloy steel remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform