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Lithuania - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Lithuania - 2023
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Lithuania (CIF) - 2023
- Price for Hot-Rolled Bearing Steel Bar in Lithuania (FOB) - 2023
- Imports of Hot-Rolled Bearing Steel Bar in Lithuania
- Exports of Hot-Rolled Bearing Steel Bar in Lithuania
Price for Hot-Rolled Bearing Steel Bar in Lithuania (CIF) - 2023
The average hot-rolled bearing steel bar import price stood at $1,252 per ton in August 2023, picking up by 9.9% against the previous month. In general, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in January 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the peak figure at $1,495 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($1,585 per ton), while the price for Uzbekistan ($688 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Bearing Steel Bar in Lithuania (FOB) - 2023
In August 2023, the average hot-rolled bearing steel bar export price amounted to $1,623 per ton, which is down by -5.8% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 23% against the previous month. The export price peaked at $2,036 per ton in March 2023; however, from April 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Sweden ($3,081 per ton), while the average price for exports to the Czech Republic ($1,225 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Bearing Steel Bar in Lithuania
In 2022, overseas purchases of hot-rolled bars in bearing steels decreased by -37.7% to 81K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 127% against the previous year.
In value terms, hot-rolled bearing steel bar imports shrank sharply to $81M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year.
Import of Hot-Rolled Bearing Steel Bar in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 18.3 | 45.5 | 81.0 | 53.8 | 43.3% |
Poland | 3.4 | 3.1 | 4.9 | 8.8 | 37.3% |
Germany | 1.8 | 2.2 | 6.3 | 7.5 | 60.9% |
Belarus | 0.3 | 0.7 | 0.9 | 4.4 | 144.8% |
Italy | 6.4 | 2.3 | 1.5 | 4.0 | -14.5% |
Others | 1.6 | 2.3 | 2.0 | 2.1 | 9.5% |
Total | 31.9 | 56.1 | 96.5 | 80.6 | 36.2% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Lithuania in 2022:
- Russia (61.7K tons)
- Poland (5.5K tons)
- Germany (5.4K tons)
- Belarus (4.1K tons)
- Italy (2.6K tons)
Exports of Hot-Rolled Bearing Steel Bar in Lithuania
In 2022, overseas shipments of hot-rolled bars in bearing steels decreased by -29.3% to 33K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 251%.
In value terms, hot-rolled bearing steel bar exports dropped slightly to $39M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 158%.
Export of Hot-Rolled Bearing Steel Bar in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 4.7 | 15.5 | 28.2 | 16.5 | 52.0% |
Latvia | 0.3 | 1.9 | 6.6 | 8.1 | 200.0% |
Estonia | 0.4 | 0.5 | 1.2 | 4.2 | 119.0% |
Sweden | 0.4 | 0.4 | 1.2 | 2.9 | 93.5% |
Germany | 0.2 | 0.1 | 0.2 | 2.3 | 125.7% |
Czech Republic | 1.0 | 0.9 | 1.4 | 1.7 | 19.3% |
Finland | 0.6 | 0.8 | 0.9 | 1.2 | 26.0% |
Italy | N/A | N/A | N/A | 1.0 | 0% |
Others | 0.4 | 0.4 | 1.0 | 1.5 | 55.4% |
Total | 8.0 | 20.6 | 40.8 | 39.4 | 70.1% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Lithuania in 2022:
- Poland (14.9K tons)
- Latvia (7.3K tons)
- Estonia (2.8K tons)
- Sweden (1.9K tons)
- Germany (1.9K tons)
- Czech Republic (1.3K tons)
- Italy (1.0K tons)
- Finland (0.6K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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