Lithuania: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Lithuania

In 2022, the Lithuanian metal flexible tubing market increased by X% to $X, rising for the second consecutive year after five years of decline. In general, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Flexible Tubing Production in Lithuania

In value terms, metal flexible tubing production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Flexible Tubing Exports

Exports from Lithuania

In 2022, the amount of iron or steel flexible tubing exported from Lithuania fell notably to X tons, dropping by X% compared with the year before. Overall, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal flexible tubing exports fell to $X in 2022. Over the period under review, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for metal flexible tubing exports from Lithuania, accounting for a X% share of total exports. Moreover, metal flexible tubing exports to Latvia exceeded the volume sent to the second major destination, Norway (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Russia (X% per year).

In value terms, the largest markets for metal flexible tubing exported from Lithuania were Russia ($X), Latvia ($X) and Finland ($X), together comprising X% of total exports.

Among the main countries of destination, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal flexible tubing export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded temperate growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Lithuania

In 2022, metal flexible tubing imports into Lithuania soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports skyrocketed to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest metal flexible tubing supplier to Lithuania, with a X% share of total imports. Moreover, metal flexible tubing imports from South Korea exceeded the figures recorded by the second-largest supplier, Latvia (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Poland (X% per year).

In value terms, the largest metal flexible tubing suppliers to Lithuania were Germany ($X), South Korea ($X) and Poland ($X), together comprising X% of total imports. Spain, Denmark, the Czech Republic, Finland, Italy, Latvia, Turkey, Russia, China and Croatia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal flexible tubing import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 Germany ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform