Lithuania: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Lithuania

In 2022, the Lithuanian aluminium pipe fittings market increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Aluminium Pipe Fittings Production in Lithuania

In value terms, aluminium pipe fittings production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Aluminium pipe fittings production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aluminium Pipe Fittings Exports

Exports from Lithuania

In 2022, shipments abroad of aluminium tube or pipe fittings decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aluminium pipe fittings exports shrank markedly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for aluminium pipe fittings exports from Lithuania, with a X% share of total exports. Moreover, aluminium pipe fittings exports to Russia exceeded the volume sent to the second major destination, Norway (X tons), tenfold. Poland (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Poland (X% per year).

In value terms, Russia ($X) remains the key foreign market for aluminium tube or pipe fittings exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average aluminium pipe fittings export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Norway ($X 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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Pipe Fittings Imports

Imports into Lithuania

In 2022, overseas purchases of aluminium tube or pipe fittings decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, aluminium pipe fittings imports shrank notably to $X in 2022. In general, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X tons), Russia (X tons) and China (X tons) were the main suppliers of aluminium pipe fittings imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium pipe fittings suppliers to Lithuania were Hungary ($X), Poland ($X) and Germany ($X), together comprising X% of total imports. Italy, China, Austria, Russia, Finland, Estonia, Belgium, Spain, Canada and Ukraine lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium pipe fittings import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform