Lithuania: Metal Wool Market 2025

Metal Wool Market Size in Lithuania

For the fifth year in a row, the Lithuanian metal wool market recorded decline in sales value, which decreased by -66.8% to $X in 2022. Overall, consumption continues to indicate a precipitous curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Wool Production in Lithuania

In value terms, metal wool production surged to $X in 2022 estimated in export price. Overall, production showed a slight downturn. The growth pace was the most rapid in 2018 when the production volume increased by 53%. Metal wool production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Wool Exports

Exports from Lithuania

Metal wool exports from Lithuania reached X tons in 2022, approximately mirroring the previous year's figure. Overall, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 79%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal wool exports shrank notably to $X in 2022. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of metal wool exports from Lithuania, with a combined 81% share of total exports. Kazakhstan, Russia and Belarus lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +34.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal wool exported from Lithuania were Latvia ($X), Denmark ($X) and Kazakhstan ($X), with a combined 70% share of total exports.

Kazakhstan, with a CAGR of +22.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, falling by -25% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 27%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Denmark ($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 Latvia (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports

Imports into Lithuania

In 2022, overseas purchases of iron or steel wool decreased by -42.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal wool imports reduced notably to $X in 2022. Overall, imports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of metal wool imports to Lithuania, with a combined 63% share of total imports. Estonia, China, Latvia and Denmark lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +64.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) were the largest metal wool suppliers to Lithuania, together comprising 67% of total imports. Estonia, Denmark, China and Latvia lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Estonia, with a CAGR of +70.5%, recorded the highest growth rate of 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 wool import price amounted to $X per ton, jumping by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform