Aluminium Wire Price in Lithuania - 2024
Contents:
- Aluminium Wire Price in Lithuania (CIF) - 2022
- Aluminium Wire Price in Lithuania (FOB) - 2022
- Aluminium Wire Imports in Lithuania
- Aluminium Wire Exports in Lithuania
Aluminium Wire Price in Lithuania (CIF) - 2022
The average aluminium wire import price stood at $6,127 per ton in 2022, growing by 7.1% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the peak figure at $7,155 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($12,291 per ton), while the price for Poland ($5,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Wire Price in Lithuania (FOB) - 2022
The average aluminium wire export price stood at $7,168 per ton in 2022, rising by 5.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,370 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($8,195 per ton), while the average price for exports to Belarus ($6,149 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 Latvia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Wire Imports in Lithuania
In 2022, approx. 68 tons of aluminium wires were imported into Lithuania; surging by 53% on 2021. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.1% against 2020 indices.
In value terms, aluminium wire imports surged to $420K in 2022. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. As a result, imports attained the peak of $597K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Aluminium Wire in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 91.1 | 63.9 | 78.9 | 224 | 35.0% |
| Germany | 69.4 | 46.1 | 55.1 | 77.0 | 3.5% |
| Sweden | 40.9 | 8.2 | 30.4 | 39.9 | -0.8% |
| Finland | 31.3 | 28.0 | 47.5 | 25.1 | -7.1% |
| Norway | N/A | 12.4 | 6.0 | 20.1 | 27.3% |
| Spain | N/A | N/A | 2.4 | 14.6 | 508.3% |
| China | 10.8 | 6.3 | 2.2 | 9.7 | -3.5% |
| United Kingdom | 16.1 | 18.9 | 0.9 | 2.2 | -48.5% |
| Italy | 72.5 | 366 | 0.7 | 1.0 | -76.0% |
| Hungary | 10.4 | 41.5 | 18.3 | N/A | 32.7% |
| Others | 8.6 | 5.9 | 14.1 | 6.1 | -10.8% |
| Total | 351 | 597 | 256 | 420 | 6.2% |
Top Suppliers of Aluminium Wire to Lithuania in 2022:
- Poland (43.4 tons)
- Germany (11.4 tons)
- Sweden (4.0 tons)
- Spain (2.8 tons)
- Norway (2.1 tons)
- Finland (2.0 tons)
- China (1.7 tons)
- Italy (0.1 tons)
- United Kingdom (0.1 tons)
Aluminium Wire Exports in Lithuania
For the third consecutive year, Lithuania recorded decline in shipments abroad of aluminium wires, which decreased by -22.4% to 26 tons in 2022. Over the period under review, exports faced a precipitous shrinkage. The smallest decline of -18.6% was in 2020.
In value terms, aluminium wire exports fell markedly to $186K in 2022. Overall, exports continue to indicate a precipitous slump. The smallest decline of -12.8% was in 2020.
| Export of Aluminium Wire in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 378 | 326 | 209 | 123 | -31.2% |
| Belarus | 8.6 | 5.7 | 1.9 | 48.0 | 77.4% |
| Latvia | 8.4 | 10.5 | 8.9 | 5.2 | -14.8% |
| Others | 2.3 | 4.1 | 6.7 | 10.5 | 65.9% |
| Total | 397 | 347 | 227 | 186 | -22.3% |
Top Export Markets for Aluminium Wire from Lithuania in 2022:
- Russia (17.2 tons)
- Belarus (7.8 tons)
- Latvia (0.6 tons)
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