Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania - 2024

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $6,777 per ton in 2022, increasing by 12% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe fittings of non-malleable cast iron increased by +117.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Italy ($16,201 per ton), while the price for China ($3,878 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $4,606 per ton, which is down by -53.5% against the previous year. Over the period under review, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2013 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs at $12,342 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($16,659 per ton), while the average price for exports to Russia ($4,096 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 Belarus (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania

For the third year in a row, Lithuania recorded decline in purchases abroad of tube or pipe fittings of non-malleable cast iron, which decreased by -4.5% to 142 tons in 2022. Over the period under review, imports saw a perceptible downturn. The smallest decline of less than 0.1% was in 2020.

In value terms, imports of tube or pipe fittings of non-malleable cast iron expanded rapidly to $963K in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, imports reached the peak of $965K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Lithuania in 2022:

1. Poland (39.2 tons)
2. Spain (36.6 tons)
3. Denmark (18.7 tons)
4. Estonia (12.8 tons)
5. Latvia (9.2 tons)
6. Germany (5.9 tons)
7. United Kingdom (5.5 tons)
8. Netherlands (5.2 tons)
9. Italy (3.8 tons)
10. Portugal (2.7 tons)
11. France (0.7 tons)
12. China (0.1 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Lithuania

In 2022, shipments abroad of tube or pipe fittings of non-malleable cast iron was finally on the rise to reach 80 tons after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron soared to $368K in 2022. Overall, exports, however, showed a noticeable reduction.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Lithuania in 2022:

1. Russia (68.7 tons)
2. Denmark (8.1 tons)
3. Uzbekistan (2.1 tons)
4. Sweden (0.2 tons)
5. Poland (0.1 tons)

Source: IndexBox Market Intelligence Platform