Lithuania: Nail And Bolt Market 2020

Nail And Bolt Market Size in Lithuania

The revenue of the nail and bolt market in Lithuania amounted to $X in 2018, coming down by -X% against the previous year. In general, nail and bolt consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Lithuania nail and bolt consumption peaked at $X in 2017, and then declined slightly in the following year.

Nail And Bolt Production in Lithuania

In value terms, nail and bolt production stood at $X in 2018 estimated in export prices. In general, nail and bolt production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Lithuania nail and bolt production peaked in 2018 and is likely to see steady growth in the near future.

Nail And Bolt Exports

Exports from Lithuania

In 2018, the amount of nails, tacks, staples, screws and bolts exported from Lithuania amounted to X tons, jumping by X% against the previous year. In general, the total exports indicated remarkable growth 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, nail and bolt exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Lithuania exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, nail and bolt exports amounted to $X in 2018. In general, nail and bolt exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, nail and bolt exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which recorded X% of total exports. Taiwan, Chinese (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%), South Korea (X%) and the U.S. (X%). The following exporters - Italy (X tons), Japan (X tons), India (X tons), Spain (X tons), Vietnam (X tons) and the Netherlands (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts exports. At the same time, Vietnam (+X%), South Korea (+X%), India (+X%), Spain (+X%), the Netherlands (+X%), Taiwan, Chinese (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.), Taiwan, Chinese (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nail and bolt markets from Lithuania were Germany ($X), China ($X) and Taiwan, Chinese ($X), together comprising X% of total exports. The U.S., Japan, Italy, South Korea, the Netherlands, Spain, India, Vietnam and Lithuania lagged somewhat behind, together comprising a further X terms of the main exporting countries, Vietnam recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The nail and bolt export price in Lithuania stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the export prices for nails, tacks, staples, screws and bolts reached their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Lithuania

Nail and bolt imports into Lithuania totaled X tons in 2018, declining by -X% against the previous year. Over the period under review, nail and bolt imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, nail and bolt imports reached their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, nail and bolt imports stood at $X in 2018. In general, the total imports indicated a moderate increase from 2007 to 2018: its value decreased 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, nail and bolt imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Lithuania imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Canada (X tons) were the largest importers of nails, tacks, staples, screws and bolts, together creating X% of total imports. Mexico (X tons), France (X tons), Russia (X tons), the UK (X tons), China (X tons), Japan (X tons), Poland (X tons), Italy (X tons) and India (X tons) took a little share of total imports.

The U.S. experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts imports. At the same time, India (+X%), China (+X%), Russia (+X%), Canada (+X%), Germany (+X%), Poland (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, the UK and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Germany (+X p.p.), the U.S. (+X p.p.), Canada (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global imports, while Mexico saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nail and bolt importing markets into Lithuania were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. Mexico, France, the UK, Canada, India, Italy, Japan, Poland, Russia and Lithuania lagged somewhat behind, together accounting for a further X terms of the main importing countries, India recorded 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 nail and bolt import price in Lithuania stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Lithuania import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform