The market size volume for iron or non-alloy steel wire containing more than 0.6% of carbon in Lithuania saw a steady increase from 2013, eventually reaching 9.6582 million kilograms in 2023. The year-on-year growth rate indicated fluctuations, with a notable dip in 2020. The last two years saw growth rates of 3.54% in 2022 and 3.35% in 2023. Over the last five years, the compound annual growth rate (CAGR) of 3.51% reflects moderate but consistent expansion.
The future trends to watch for include potential impacts from technological advancements in steel production, shifts in global demand and supply chains, and evolving environmental regulations that may influence the market dynamics.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 254,580,000 | 2023 | -0.32% | -1.93% | View data |
| 2 | 2 Romania | 133,250,000 | 2023 | +2.25% | +2.07% | View data |
| 3 | 3 Poland | 99,802,000 | 2023 | +2.74% | -0.63% | View data |
| 4 | 4 United Kingdom | 42,642,000 | 2023 | -3.47% | -2.9% | View data |
| 5 | 5 Lithuania | 9,658,200 | 2023 | +3.35% | +3.51% |
