Lithuania: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Lithuania

In 2022, the Lithuanian ferro-cerium and pyrophoric alloys market increased by X% to $X, rising for the second year in a row after six years of decline. Over the period under review, consumption, however, saw a noticeable decrease. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Lithuania

In value terms, ferro-cerium and pyrophoric alloys production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Lithuania

In 2022, approx. X tons of ferro-cerium and pyrophoric alloys were exported from Lithuania; growing by X% against the previous year's figure. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Latvia (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Lithuania, accounting for a X% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Latvia exceeded the volume sent to the second major destination, Norway (X tons), threefold. France (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Lithuania were France ($X), Latvia ($X) and Norway ($X), with a combined X% share of total exports. Germany, the United States, the UK, Ireland and Estonia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Estonia ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Lithuania

In 2022, approx. X tons of ferro-cerium and pyrophoric alloys were imported into Lithuania; jumping by X% against 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Russia (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Lithuania, together accounting for 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 ferro-cerium and pyrophoric alloys suppliers to Lithuania were Germany ($X), Poland ($X) and Russia ($X), together comprising X% of total imports. Latvia, Finland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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