Lithuania: Hot-Rolled Steel Products Market 2020

Hot-Rolled Steel Products Market Size in Lithuania

The revenue of the hot-rolled steel products market in Lithuania amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, hot-rolled steel products consumption continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Lithuania hot-rolled steel products consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Hot-Rolled Steel Products Production in Lithuania

In value terms, hot-rolled steel products production stood at $X in 2018 estimated in export prices. Over the period under review, hot-rolled steel products production continues to indicate an outstanding expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, hot-rolled steel products production attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Hot-Rolled Steel Products Exports

Exports from Lithuania

In 2018, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) exported from Lithuania stood at X tons, growing by X% against the previous year. Over the period under review, the total exports indicated pronounced growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hot-rolled steel products exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, hot-rolled steel products exports attained their peak figure at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, hot-rolled steel products exports totaled $X in 2018. Over the period under review, the total exports indicated a moderate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hot-rolled steel products exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Lithuania exports peaked at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

China (X tons) and Japan (X tons) represented roughly X% of total exports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018. South Korea (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%), Germany (X%), Russia (X%) and France (X%). Taiwan, Chinese (X tons), Ukraine (X tons), India (X tons), Turkey (X tons) and the U.S. (X tons) occupied a relatively small share of total exports.

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

In value terms, the largest hot-rolled steel products markets from Lithuania were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total exports. These countries were followed by Belgium, Germany, France, Russia, Taiwan, Chinese, the U.S., India, Ukraine, Turkey and Lithuania, which together accounted for a further X the main exporting countries, Turkey 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

The hot-rolled steel products export price in Lithuania stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the hot-rolled steel products export price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices for flat-rolled products of iron or steel (not further worked than hot-rolled) attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Ukraine ($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 U.S., while the other leaders experienced a decline in the export price figures.

Hot-Rolled Steel Products Imports

Imports into Lithuania

In 2018, the imports of flat-rolled products of iron or steel (not further worked than hot-rolled) into Lithuania totaled X tons, growing by X% against the previous year. Over the period under review, the total imports indicated a temperate increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hot-rolled steel products imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, hot-rolled steel products imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, hot-rolled steel products imports stood at $X in 2018. Overall, the total imports indicated a mild increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, hot-rolled steel products imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Lithuania imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

Vietnam (X tons), South Korea (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), the U.S. (X tons), China (X tons), Thailand (X tons), Belgium (X tons), Spain (X tons), France (X tons) and India (X tons) represented roughly X% of total imports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018.

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

In value terms, the largest hot-rolled steel products importing markets into Lithuania were Germany ($X), Italy ($X) and Vietnam ($X), together accounting for X% of total imports.

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

Import Prices by Country

The hot-rolled steel products import price in Lithuania stood at $X per ton in 2018, going up by X% against the previous year. Overall, the hot-rolled steel products import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Lithuania import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform