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Lithuania - Sanitary Ware And Parts Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Sanitary Ware in Lithuania - 2023
Contents:
- Price for Iron or Steel Sanitary Ware in Lithuania (FOB) - 2023
- Price for Iron or Steel Sanitary Ware in Lithuania (CIF) - 2023
- Exports of Iron or Steel Sanitary Ware in Lithuania
- Imports of Iron or Steel Sanitary Ware in Lithuania
Price for Iron or Steel Sanitary Ware in Lithuania (FOB) - 2023
The average export price for sanitary ware and parts of iron or steel stood at $10.1 per unit in August 2023, surging by 26% against the previous month. In general, export price indicated mild growth from September 2022 to August 2023: its price increased at an average monthly rate of +1.0% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, iron or steel sanitary ware export price increased by +37.8% against June 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 46% m-o-m. Over the period under review, the average export prices hit record highs at $10.3 per unit in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($36.3 per unit), while the average price for exports to Germany ($2.6 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel Sanitary Ware in Lithuania (CIF) - 2023
The average import price for sanitary ware and parts of iron or steel stood at $7.5 per unit in August 2023, surging by 33% against the previous month. Over the period from September 2022 to August 2023, it increased at an average monthly rate of +4.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($97.3 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (+96.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel Sanitary Ware in Lithuania
After three years of growth, shipments abroad of sanitary ware and parts of iron or steel decreased by -1.3% to 1.5M units in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 89%. Over the period under review, the exports hit record highs at 1.5M units in 2021, and then contracted modestly in the following year.
In value terms, iron or steel sanitary ware exports declined to $11M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of $12M, and then declined in the following year.
Export of Iron or Steel Sanitary Ware in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 5.3 | 5.4 | 7.3 | 6.7 | 8.1% |
Russia | 1.3 | 1.8 | 2.6 | 1.6 | 7.2% |
Norway | 0.3 | 0.1 | 0.5 | 0.6 | 26.0% |
Belarus | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
Kazakhstan | 0.1 | 0.3 | N/A | 0.4 | 58.7% |
Denmark | 0.3 | 0.6 | 0.3 | 0.3 | 0.0% |
Estonia | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Uzbekistan | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Latvia | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Others | 0.8 | 0.7 | 0.9 | 0.8 | 0.0% |
Total | 8.7 | 9.4 | 12.3 | 11.1 | 8.5% |
Top Export Markets for Iron or Steel Sanitary Ware from Lithuania in 2022:
- Sweden (822.3K units)
- Russia (323.0K units)
- Norway (66.8K units)
- Belarus (60.5K units)
- Latvia (35.5K units)
- Kazakhstan (29.1K units)
- Uzbekistan (28.8K units)
- Estonia (18.2K units)
- Denmark (17.5K units)
Imports of Iron or Steel Sanitary Ware in Lithuania
In 2022, iron or steel sanitary ware imports into Lithuania totaled 1.8M units, remaining constant against 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 92%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, iron or steel sanitary ware imports shrank to $9.3M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of $9.9M, and then declined in the following year.
Import of Iron or Steel Sanitary Ware in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3,360 | 3,573 | 4,859 | 4,197 | 7.7% |
China | 572 | 699 | 1,251 | 1,446 | 36.2% |
Italy | 708 | 581 | 842 | 681 | -1.3% |
Poland | 259 | 300 | 452 | 621 | 33.8% |
Estonia | 9.2 | 185 | 963 | 607 | 304.1% |
Spain | 87.4 | 62.9 | 33.3 | 437 | 71.0% |
Latvia | 317 | 318 | 316 | 355 | 3.8% |
Czech Republic | 181 | 223 | 290 | 246 | 10.8% |
Sweden | 163 | 171 | 233 | 159 | -0.8% |
Russia | 132 | 189 | 254 | 76.4 | -16.7% |
Others | 231 | 709 | 402 | 494 | 28.8% |
Total | 6,019 | 7,013 | 9,896 | 9,318 | 15.7% |
Top Suppliers of Iron or Steel Sanitary Ware to Lithuania in 2022:
- Germany (741.6K units)
- China (333.4K units)
- Poland (185.5K units)
- Italy (156.9K units)
- Latvia (70.5K units)
- Spain (69.4K units)
- Estonia (58.0K units)
- Russia (36.5K units)
- Sweden (35.1K units)
- Czech Republic (32.3K units)
This report provides an in-depth analysis of the market for iron or steel sanitary ware 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 25991131 - Sanitary ware and parts of sanitary ware of iron or steel
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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