Lithuania: Stainless Steel Angle Market 2020

Stainless Steel Angle Market Size in Lithuania

The revenue of the stainless steel angle market in Lithuania amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, stainless steel angle consumption continues to indicate a drastic decrease. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. In that year, the stainless steel angle market attained its peak level of $X. From 2009 to 2018, the growth of the stainless steel angle market failed to regain its momentum.

Stainless Steel Angle Production in Lithuania

In value terms, stainless steel angle production totaled $X in 2018 estimated in export prices. In general, stainless steel angle production, however, continues to indicate a precipitous reduction. The most prominent rate of growth was recorded in 2016 with a decrease of -X% y-o-y. Over the period under review, stainless steel angle production attained its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Stainless Steel Angle Exports

Exports from Lithuania

In 2018, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported from Lithuania; rising by X% against the previous year. In general, stainless steel angle exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Lithuania exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, stainless steel angle exports amounted to $X in 2018. In general, stainless steel angle exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, stainless steel angle exports attained their peak of $X. From 2012 to 2018, the growth of stainless steel angle exports remained at a somewhat lower figure.

Exports by Country

China was the key exporter of angles, shapes and sections of stainless steel or other alloy steel in the world, with the volume of exports resulting at X tons, which was near X% of total exports in 2018. The UK (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by India (X%). Russia (X tons), Sweden (X tons), Germany (X tons), Spain (X tons), the U.S. (X tons), South Korea (X tons), Vietnam (X tons), Italy (X tons) and Turkey (X tons) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to stainless steel angle exports from China stood at -X%. At the same time, Turkey (+X%), Vietnam (+X%), Spain (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. India experienced a relatively flat trend pattern. By contrast, Sweden (-X%), Germany (-X%), Russia (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the global exports, while Russia, the U.S., the UK and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel angle supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at -X%. In the other countries, the average annual rates were as follows: India (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the stainless steel angle export price in Lithuania amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the stainless steel angle export price continues to indicate a deep decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X% year-to-year. Over the period under review, the export prices for angles, shapes and sections of stainless steel or other alloy steel attained their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Lithuania

Stainless steel angle imports into Lithuania stood at X tons in 2018, picking up by X% against the previous year. In general, stainless steel angle imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. In that year, stainless steel angle imports attained their peak of X tons. From 2009 to 2018, the growth of stainless steel angle imports remained at a lower figure.

In value terms, stainless steel angle imports totaled $X in 2018. Overall, stainless steel angle imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. In that year, stainless steel angle imports attained their peak of $X. From 2009 to 2018, the growth of stainless steel angle imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of stainless steel angle imports in 2018 were Malaysia (X tons), Indonesia (X tons), the Philippines (X tons) and the U.S. (X tons), together recording X% of total import. Japan (X tons), Canada (X tons), Italy (X tons), Romania (X tons), Russia (X tons), Germany (X tons), Mexico (X tons) and the Netherlands (X tons) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle importing markets into Lithuania were the U.S. ($X), Malaysia ($X) and Germany ($X), with a combined X% share of total imports. Italy, the Philippines, Indonesia, the Netherlands, Canada, Romania, Japan, Russia, Mexico and Lithuania lagged somewhat behind, together comprising a further X the main importing countries, the Philippines recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The stainless steel angle import price in Lithuania stood at $X per ton in 2018, shrinking by -X% against the previous year. Over the period under review, the stainless steel angle import price continues to indicate a deep drop. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Lithuania import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

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