Market research

Iron or steel chain market in Lithuania

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for iron or steel chain in Lithuania showed high volatility between 2018 and 2024. Starting at 13.4 million USD in 2018, it contracted sharply to 9.6 million USD in 2019 and remained near that level in 2020. A strong recovery followed, with the market expanding to 11.2 million USD in 2021, 14.7 million USD in 2022, and reaching a peak of 17.8 million USD in 2023. However, 2024 brought a steep decline, with the market size falling back to 11.0 million USD.

Domestic production followed a similar trajectory, falling from 13.2 million USD in 2018 to 10.1 million USD in 2020, then rising to 16.2 million USD in 2023 before dropping to 13.0 million USD in 2024. Trade flows also fluctuated, with import and export values generally rising during the market expansion from 2021 to 2023 before decreasing in the 2024 downturn.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Lithuania
  1. 5.1.1. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Lithuania in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Lithuania by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Lithuania in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Lithuania by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Lithuania, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Lithuania by countries, 2018-2025, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Lithuania in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Lithuania by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Lithuania in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Lithuania by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Lithuania, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Lithuania by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production iron or steel chain in Lithuania

In value, 2018-2021, K $ US

After two consecutive years of decline, Lithuania's iron or steel chain production rebounded in 2021. The output value reached 13 075 K $ US, representing a significant 30.1% increase compared to the previous year. The lowest point was recorded in 2020 at 10 050 K $ US, which also saw the largest decline of 17.2%.

Annual dynamics of production in Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.0%)	(17.2%)	30.1%	(0.3%)

Source: SHEV.io

Exports iron or steel chain from Lithuania

Exports in kind, t

In 2021, Lithuania exported 5 037 tonnes of iron or steel chain, showing a 10.0% year-over-year increase. However, looking at the period from 2018 to 2021, exports decreased by 2.8%, averaging an annual decline of 0.9%. The lowest volume was recorded in 2020 at 4 577 tonnes, while the peak occurred in 2019 with 5 307 tonnes. The most substantial drop of 13.8% was observed in 2020.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	2.5%	(13.8%)	10.0%	(0.9%)

Source: SHEV.io

From 2018 to 2021, Norway, Canada, and Russia consistently dominated Lithuania's iron or steel chain exports by volume. Norway accounted for 30.3% of exports, Canada for 28.0%, and Russia for 9.3%. Together, these three countries represented 67.6% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

In 2021, the value of iron or steel chain exports from Lithuania totaled 20 820 K $ US, marking a robust 23.8% increase compared to 2020. Over the 2018-2021 period, exports grew by 17.2%, translating to an average annual growth rate of 5.4%. The lowest value was recorded in 2020 at 16 823 K $ US, which also experienced the largest decline of 8.5%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.5%	(8.5%)	23.8%	5.4%

Source: SHEV.io

Throughout 2018-2021, Norway, Canada, and Russia remained the top destinations for Lithuania's iron or steel chain exports by value. Norway represented 26.0% of export value, Canada 24.0%, and Russia 17.6%. Collectively, these three markets accounted for 67.6% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Lithuania in value, 2018-2021

Source: SHEV.io

Imports iron or steel chain to Lithuania

Imports in kind, t

Lithuania's iron or steel chain imports by volume declined for the third consecutive year in 2021, reaching 5 669 tonnes. This represented a slight decrease of 1.3% from 2020. Over the 2018-2021 period, imports fell by 16.3%, averaging an annual decline of 5.8%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(13.5%)	(2.0%)	(1.3%)	(5.8%)

Source: SHEV.io

Between 2018 and 2021, China, Sweden, and Germany formed the core sources for Lithuania's iron or steel chain imports by volume. China supplied 37.6% of imports, Sweden 36.9%, and Germany 5.0%. Together, these three countries accounted for 79.5% of total import volumes.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Lithuania's iron or steel chain imports by value increased for the second consecutive year in 2021, showing strong growth of 17.9% compared to the previous year. Over the 2018-2021 period, imports rose by 5.3%, averaging an annual increase of 1.7%. The lowest value was recorded in 2019 at 15 888 K $ US, which also saw the largest decline of 11.6%.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.6%)	1.0%	17.9%	1.7%

Source: SHEV.io

From 2018 to 2021, Sweden, China, and Germany remained the leading sources for Lithuania's iron or steel chain imports by value. Sweden accounted for 26.1% of import value, China for 23.6%, and Germany for 13.8%. Combined, these three countries represented 63.5% of total import value.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Lithuania in value, 2018-2021

Source: SHEV.io