The Lithuanian iron or non-alloy steel wire market, containing less than 0.25% of carbon, has exhibited a decline in market value from 2013 to 2023. In 2023, the market stood at €33.905 million. Over the past two years, there has been a steady decrease in market value, with the year-on-year variations showing a decrease of 2.7% in 2022, followed by 2.75% in 2023. Analyzing the past five years, the compounded annual growth rate (CAGR) recorded a consistent decline of approximately 2.66% annually.
Future trends to watch for include:
- Fluctuating demand driven by changes in regional construction and manufacturing activities.
- Potential increases in steel prices or tariffs affecting market dynamics.
- Technological advancements and innovations potentially leading to alternative materials impacting demand.
- Environmental regulations and sustainability trends could influence production and usage patterns.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 955,110,000 | 2023 | +1.26% | -0.44% | View data |
| 2 | 2 France | 578,400,000 | 2023 | +5.6% | +1.9% | View data |
| 3 | 3 Poland | 418,390,000 | 2023 | +5.52% | +1.38% | View data |
| 4 | 4 Belgium | 224,660,000 | 2023 | -2.13% | -1.76% | View data |
| 5 | 5 Hungary | 43,691,000 | 2023 | +1.93% | +1.83% | View data |
| 6 | 6 Lithuania | 33,905,000 | 2023 | -2.75% | -2.66% | |
| 7 | 7 Bulgaria | 25,823,000 | 2023 | +4.01% | +1.09% | View data |
| 8 | 8 Finland | 22,587,000 | 2023 | -0.17% | -2.63% | View data |
