The steel tubes, pipes, hollow profiles, and related fittings manufacturing market in Lithuania reached a volume of 140.06 million kilograms in 2023. The market has generally displayed a positive growth trajectory from 2013 to 2023. Notably, there was a strong growth period between 2013 and 2020 with fluctuations, while the last two years showed modest growth with a year-on-year increase of 4.83% in 2023. The compound annual growth rate (CAGR) over the last five years has been 4.36%, indicating a stable growth trend.
Future trends to watch for include:
- Potential impacts of technological advancements and automation in manufacturing.
- Increasing demand from infrastructure and construction projects.
- Potential challenges from economic fluctuations and supply chain disruptions.
How does Lithuania rank in Steel Tubes, Pipes, Hollow Profiles and Related Fittings Manufacturing Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,789,900,000 | 2023 | +3.02% | +0.23% | View data |
| 2 | 2 Germany | 2,330,400,000 | 2023 | +3.73% | -0.24% | View data |
| 3 | 3 France | 1,336,200,000 | 2023 | +2.99% | +0.98% | View data |
| 4 | 4 Spain | 1,086,600,000 | 2023 | +1.95% | +2.65% | View data |
| 5 | 5 Poland | 741,080,000 | 2023 | +4.43% | -2.07% | View data |
| 6 | 6 Belgium | 218,180,000 | 2023 | +0.3% | -1.81% | View data |
| 7 | 7 Lithuania | 140,060,000 | 2023 | +4.83% | +4.36% | |
| 8 | 8 Ireland | 117,690,000 | 2023 | +4.04% | +5% | View data |
| 9 | 9 Croatia | 111,010,000 | 2023 | +5.02% | +1.63% | View data |
