Lithuania: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Lithuania

In 2022, after two years of growth, there was significant decline in the Lithuanian metal-reinforced rubber hose market, when its value decreased by -35.5% to $X. In general, consumption, however, saw a buoyant increase. Metal-reinforced rubber hose consumption peaked at $X in 2021, and then shrank rapidly in the following year.

Metal-Reinforced Rubber Hose Production in Lithuania

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 178% against the previous year. Metal-reinforced rubber hose production peaked at $X in 2021, and then declined in the following year.

Metal-Reinforced Rubber Hose Exports

Exports from Lithuania

In 2022, approx. X tons of rubber hose reinforced with metal were exported from Lithuania; with a decrease of -25.9% compared with 2021 figures. Overall, exports, however, saw a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 55%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of 103%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) were the main destinations of metal-reinforced rubber hose exports from Lithuania, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +129.8%), while the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X) appeared to be the largest markets for metal-reinforced rubber hose exported from Lithuania worldwide, together accounting for 86% of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +120.0%, saw 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

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, picking up by 4.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 60%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Belarus ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Lithuania

After two years of growth, overseas purchases of rubber hose reinforced with metal decreased by -34.4% to X tons in 2022. In general, imports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 153%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, metal-reinforced rubber hose imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 138% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest metal-reinforced rubber hose supplier to Lithuania, accounting for a 49% share of total imports. Moreover, metal-reinforced rubber hose imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Poland (+15.5% per year).

In value terms, Italy ($X) constituted the largest supplier of rubber hose reinforced with metal to Lithuania, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and the Netherlands (+54.3% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, surging by 7.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Luxembourg ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform