Lithuania: Moulds For Metal Market 2024

Moulds For Metal Market Size in Lithuania

The Lithuanian moulds for metal market soared to $X in 2022, jumping by 48% against the previous year. Over the period under review, consumption showed a significant increase. Moulds for metal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Lithuania

In value terms, moulds for metal production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 172% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Moulds For Metal Exports

Exports from Lithuania

In 2022, shipments abroad of moulds for metals was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 418%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, moulds for metal exports declined sharply to $X in 2022. In general, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 203% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for moulds for metal exports from Lithuania, with a 69% share of total exports. Moreover, moulds for metal exports to Russia exceeded the volume sent to the second major destination, Australia (X tons), fivefold. Latvia (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Latvia (+21.4% per year).

In value terms, Russia ($X) remains the key foreign market for moulds for metals exports from Lithuania, comprising 92% of total exports. The second position in the ranking was held by Latvia ($X), with an 11% share of total exports. It was followed by Sweden, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+22.5% per year) and Sweden (-4.0% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, dropping by -42.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 112%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Australia ($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 Slovakia (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Lithuania

In 2022, approx. X tons of moulds for metals were imported into Lithuania; growing by 68% compared with 2021 figures. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,377%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports surged to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 4,232%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Belarus (X tons) were the main suppliers of moulds for metal imports to Lithuania.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +153.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of moulds for metals to Lithuania, comprising 79% of total imports. The second position in the ranking was held by China ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +155.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.1% per year) and Belarus (-17.6% per year).

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, waning by -30.8% against the previous year. In general, the import price, however, continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 193%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+39.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform