The Lithuanian steel tubes, pipes, hollow profiles, and related fittings manufacturing market reached a size of 141.21 million Euros in 2023, highlighting a consistent growth pattern over recent years. The market experienced fluctuations, with notable year-on-year growth peaking at 17.26% in 2016. Over the past five years, the compound annual growth rate (CAGR) was 3.29%, indicative of a modest but steady upward trend.
- 2013-2014 saw initial growth following a market dip.
- A significant surge occurred between 2015-2017, indicative of an expansion phase.
- Post-2018, growth stabilized, reflecting market consolidation.
- The period of 2019-2023 shows a controlled and sustainable growth pattern.
Future trends to watch for include the integration of sustainable practices in production, potential impacts of EU regulations, and the steady demand linked to infrastructure development across Europe. Adaptation to green technologies and digitalization could enhance competitive advantage and market growth.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,096,400,000 | 2023 | +2.54% | +2.62% | View data |
| 2 | 2 France | 2,195,900,000 | 2023 | +1.15% | +0.038% | View data |
| 3 | 3 Spain | 1,255,600,000 | 2023 | +3.38% | +3.52% | View data |
| 4 | 4 Poland | 743,540,000 | 2023 | -11.06% | -9.72% | View data |
| 5 | 5 Belgium | 527,320,000 | 2023 | +5.24% | +5.8% | View data |
| 6 | 6 Hungary | 469,000,000 | 2023 | +6.9% | +3.69% | View data |
| 7 | 7 Croatia | 144,520,000 | 2023 | -0.66% | -0.99% | View data |
| 8 | 8 Lithuania | 141,210,000 | 2023 | +4.11% | +3.29% |
