Lithuania: Stranded Wire Market 2020

Stranded Wire Market Size in Lithuania

The revenue of the stranded wire market in Lithuania amounted to $X in 2018, surging by X% against the previous year. Overall, stranded wire consumption continues to indicate a slight increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the stranded wire market attained its peak figure level in 2018 and is likely to see steady growth in the near future.

Stranded Wire Production in Lithuania

In value terms, stranded wire production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Lithuania stranded wire production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Stranded Wire Exports

Exports from Lithuania

In 2018, the amount of stranded wire, ropes and cables exported from Lithuania totaled X tons, reducing by -X% against the previous year. Overall, the total exports indicated a moderate increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, stranded wire exports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. In that year, stranded wire exports reached their peak of X tons. From 2012 to 2018, the growth of stranded wire exports failed to regain its momentum.

In value terms, stranded wire exports totaled $X in 2018. In general, the total exports indicated a mild expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, stranded wire exports attained their peak of $X. From 2014 to 2018, the growth of stranded wire exports remained at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X tons, which recorded X% of total exports. South Korea (X tons) occupied the second position in the ranking, followed by India (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total exports. Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+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. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.), India (+X p.p.), Turkey (+X p.p.) and Portugal (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.), China (-X p.p.) and South Korea (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stranded wire supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the stranded wire export price in Lithuania amounted to $X per ton, going down by -X% against the previous year. In general, the stranded wire export price continues to indicate a mild decline. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, the export prices for stranded wire, ropes and cables reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

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

Stranded Wire Imports

Imports into Lithuania

In 2018, the amount of stranded wire, ropes and cables imported into Lithuania stood at X tons, rising by X% against the previous year. In general, the total imports indicated measured 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, stranded wire imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, stranded wire imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, stranded wire imports totaled $X in 2018. Over the period under review, the total imports indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, stranded wire imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, stranded wire imports reached their peak 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) represented the major importers of stranded wire, ropes and cables, together committing X% of total imports. South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) occupied a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+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. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Thailand (+X p.p.) and Poland (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stranded wire importing markets into Lithuania were the U.S. ($X), Germany ($X) and Mexico ($X), together accounting for X% of total imports. France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Lithuania lagged somewhat behind, together accounting for a further X terms of the main importing countries, India experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The stranded wire import price in Lithuania stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the stranded wire import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. In that year, the import prices for stranded wire, ropes and cables attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for stranded wire, ropes and cables 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 Mexico ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform