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

Contents:

1. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Lithuania (CIF) - 2024
2. Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Lithuania (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Lithuania
4. Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Lithuania

Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Lithuania (CIF) - 2024

In March 2024, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $4,777 per ton, with an increase of 6.3% against the previous month. Overall, import price indicated temperate growth from March 2023 to March 2024: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, import price for iron or steel cast fittings, other than of non-malleable cast ira decreased by -33.5% against January 2024 indices. The most prominent rate of growth was recorded in January 2024 an increase of 106% against the previous month. As a result, import price attained the peak level of $7,179 per ton. From February 2024 to March 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Austria ($14,919 per ton), while the price for Estonia ($2,394 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $5,259 per ton, shrinking by -15.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $6,214 per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($9,793 per ton), while the average price for exports to Slovakia ($2,915 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 Hungary (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Lithuania recorded growth in overseas purchases of iron or steel cast fittings, other than of non-malleable cast ira, which increased by 2% to 1.9K tons in 2022. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 4.3% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira contracted to $9M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $10M, and then reduced in the following year.

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

1. China (865.7 tons)
2. Poland (403.0 tons)
3. Netherlands (128.5 tons)
4. Italy (97.6 tons)
5. Latvia (68.5 tons)
6. Estonia (58.4 tons)
7. Bulgaria (58.2 tons)
8. Germany (41.7 tons)

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

After three years of growth, overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira decreased by -1% to 842 tons in 2022. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 851 tons, leveling off in the following year.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira dropped remarkably to $4.4M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $5.3M, and then declined markedly in the following year.

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

1. Russia (105.3 tons)
2. Hungary (105.1 tons)
3. Poland (95.1 tons)
4. Romania (84.6 tons)
5. Latvia (83.3 tons)
6. Croatia (43.4 tons)
7. Slovakia (40.6 tons)
8. United Kingdom (31.5 tons)
9. Ukraine (29.4 tons)
10. Malta (27.3 tons)
11. Slovenia (23.4 tons)
12. Portugal (22.8 tons)
13. Bulgaria (20.3 tons)

Source: IndexBox Market Intelligence Platform