The Lithuanian market for Non Alloy Steel Open Sections, Not Further Worked than Hot Rolled, Hot-Drawn or Extruded, has shown a variable growth trend from 2013 to 2023. It increased steadily from 2013, peaking in 2018, then fluctuated before achieving a modest year-on-year increase of 3.45% by 2023, reaching a volume of 44.404 million kilograms. The compound annual growth rate (CAGR) over the last five years stands at 0.64%, indicating a deceleration from prior periods.
Future trends to watch for include potential impacts from changes in global steel demand, new construction projects, and sustainability efforts that could drive a shift toward alternative materials or more efficient steel production processes.
How does Lithuania rank in Non Alloy Steel Open Sections, Not Further Worked than Hot Rolled, Hot-Drawn or Extruded Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,154,700,000 | 2023 | -0.28% | -0.37% | View data |
| 2 | 2 Italy | 758,420,000 | 2023 | -3.09% | -0.71% | View data |
| 3 | 3 Netherlands | 549,990,000 | 2023 | +1.98% | +0.84% | View data |
| 4 | 4 Sweden | 91,396,000 | 2023 | +0.62% | +0.5% | View data |
| 5 | 5 Finland | 61,050,000 | 2023 | -0.1% | -0.07% | View data |
| 6 | 6 Lithuania | 44,404,000 | 2023 | +3.45% | +0.64% |
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