The Lithuanian Casting of Iron market witnessed a declining trend from 2013 to 2023, with the market size decreasing from 9.7535 million euros in 2013 to 5.9632 million euros in 2023. Over the past five years, the compound annual growth rate (CAGR) has been negative, standing at -4.27%. The year-on-year percentage variation indicates consistent declines, with the latest in 2023 at -3.92%.
Future trends to watch for include:
- Potential increase in demand due to emerging technologies and applications for iron casting.
- Economic conditions and policy changes in Lithuania that could impact manufacturing capabilities.
- Environmental regulations that might impose higher costs or create opportunities for innovation in sustainable practices.
How does Lithuania rank in Casting of Iron Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,474,000,000 | 2023 | -1.03% | -2.53% | View data |
| 2 | 2 Italy | 1,829,900,000 | 2023 | -1.59% | -1.79% | View data |
| 3 | 3 Spain | 1,721,800,000 | 2023 | +1.13% | +0.83% | View data |
| 4 | 4 France | 1,247,600,000 | 2023 | +0.12% | -0.85% | View data |
| 5 | 5 United Kingdom | 608,130,000 | 2023 | +0.73% | +0.16% | View data |
| 9 | 9 Croatia | 83,193,000 | 2023 | +1.36% | +1.55% | View data |
| 10 | 10 Bulgaria | 20,165,000 | 2023 | -1.64% | -2.17% | View data |
| 11 | 11 Lithuania | 5,963,200 | 2023 | -3.92% | -4.27% | |
