Lithuania: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2019

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Lithuania

The revenue of the market for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Lithuania amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, consumption of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market for iron, steel or aluminium reservoir attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Lithuania

In value terms, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018 estimated in export prices. Overall, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers continues to indicate a moderate setback. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, production of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached its maximum level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Lithuania

In 2018, the exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Lithuania amounted to X tons, rising by X% against the previous year. Overall, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their peak of X tons. From 2009 to 2018, the growth of exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers failed to regain its momentum.

In value terms, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018. Over the period under review, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a mild expansion. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Lithuania exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), followed by the U.S. (X tons), Thailand (X tons), Poland (X tons), Germany (X tons) and Italy (X tons) represented the key exporters of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together constituting X% of total exports. Turkey (X tons), Spain (X tons), the Czech Republic (X tons), Mexico (X tons), South Korea (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir markets from Lithuania were China ($X), the U.S. ($X) and Germany ($X), together accounting for X% of total exports. These countries were followed by Italy, Poland, South Korea, the Czech Republic, Spain, Thailand, Turkey, India, Mexico and Lithuania, which together accounted for a further X experienced the highest rates of growth with regard to exports, in terms of 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Lithuania stood at $X per ton in 2018, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

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

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Lithuania

In 2018, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Lithuania; growing by X% against the previous year. Overall, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X in 2018. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), followed by South Korea (X tons) and Germany (X tons) represented the key importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together generating X% of total imports. France (X tons), Thailand (X tons), Canada (X tons), Mexico (X tons), the UK (X tons), China (X tons), Spain (X tons), the Netherlands (X tons) and Japan (X tons) took a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to iron, steel or aluminium reservoir imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Mexico (+X%), Thailand (+X%), Spain (+X%), China (+X%), France (+X%), the Netherlands (+X%), the UK (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), South Korea (+X p.p.), Thailand (+X p.p.) and Mexico (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported iron, steel or aluminium reservoirs, tanks, vats and similar containers into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and China (+X% per year).

Import Prices by Country

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Lithuania stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% year-to-year. In that year, the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for iron, steel or aluminium reservoirs, tanks, vats and similar containers failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Thailand ($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, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform