Lithuania: Wire And Cable Market 2020

Wire And Cable Market Size in Lithuania

The revenue of the wire and cable market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, wire and cable consumption continues to indicate a mild decline. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Lithuania wire and cable consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wire And Cable Production in Lithuania

In value terms, wire and cable production totaled $X in 2018 estimated in export prices. Overall, wire and cable production continues to indicate a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Lithuania wire and cable production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Wire And Cable Exports

Exports from Lithuania

In 2018, approx. X tons of insulated wire and cable were exported from Lithuania; increasing by X% against the previous year. Over the period under review, wire and cable exports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Lithuania exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, wire and cable exports totaled $X in 2018. Over the period under review, wire and cable exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons) represented the main exporter of insulated wire and cable, committing X% of total exports. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and the U.S. (X%). Italy (X tons), Turkey (X tons), Romania (X tons), the Czech Republic (X tons), Spain (X tons), South Korea (X tons), Poland (X tons) and China, Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Romania (+X%), Turkey (+X%), the Czech Republic (+X%), Spain (+X%), Mexico (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy, Germany and the U.S. experienced a relatively flat trend pattern. By contrast, Poland (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The U.S., Romania, China, Hong Kong SAR, Italy, the Czech Republic, Poland, South Korea, Spain, Turkey 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 more modest paces of growth.

Export Prices by Country

The wire and cable export price in Lithuania stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the export price indicated a remarkable expansion from 2007 to 2018: its price 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, wire and cable export price increased by +X% against 2009 indices. The growth pace was the most rapid in 2010 when the export price increased by X% against the previous year. Lithuania export price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Turkey ($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, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports into Lithuania

In 2018, the imports of insulated wire and cable into Lithuania amounted to X tons, dropping by -X% against the previous year. Over the period under review, wire and cable imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Lithuania imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, wire and cable imports amounted to $X in 2018. In general, wire and cable imports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Lithuania imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. (X tons) and Germany (X tons) represented the key importers of insulated wire and cable in 2018, amounting to near X% and X% of total imports, respectively. It was followed by Mexico (X tons) and the UK (X tons), together constituting a X% share of total imports. France (X tons), Japan (X tons), China, Hong Kong SAR (X tons), China (X tons), the Czech Republic (X tons), Canada (X tons), Taiwan, Chinese (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest wire and cable importing markets into Lithuania were the U.S. ($X), Germany ($X) and Japan ($X), together accounting for X% of total imports. These countries were followed by Mexico, the UK, France, China, China, Hong Kong SAR, Canada, Spain, the Czech Republic, Taiwan, Chinese and Lithuania, which together accounted for a further X terms of the main importing countries, the Czech Republic experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wire and cable import price in Lithuania amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for insulated wire and cable attained their peak figure in 2018 and is likely to continue 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 Japan ($X per ton), while Taiwan, Chinese ($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, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform