Tin bars, rods, profiles and wire market in Lithuania

Earlier Report Observations

The market for tin bars, rods, profiles and wire in Lithuania exhibited notable fluctuations between 2018 and 2021. Volume grew from 26 628 kg in 2018 to 34 121 kg in 2019, then contracted to 30 786 kg in 2020 before a slight recovery to 31 179 kg in 2021.

A period of sustained expansion followed from 2022 to 2023, with market volume increasing by 15.2% to 35 909 kg in 2022 and then by a further 20.5% to a peak of 43 258 kg in 2023.

This upward trend reversed sharply in 2024, as the market volume collapsed by 47% to 22 930 kg. This decline coincided with the implementation of the European Union's Markets in Crypto-Assets (MiCA) regulation, which tightened rules for crypto asset service providers and likely reduced demand for metals used in technology and electronic applications.

Production tin bars, rods, profiles and wire in Lithuania

In value, 2018-2021, K $ US

Lithuania's production of tin bars, rods, profiles, and wire increased for the second year in a row. In 2021, output reached 444.9 thousand US dollars, marking a significant 13.1% rise compared to 2020. Over the period from 2018 to 2021, production grew by 8.5%, with an average annual growth rate of 2.8%. The lowest value was recorded in 2019 at 386.4 thousand US dollars, which also saw the largest decline of 5.7%.

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

In kind, 2018-2021, kg

In 2021, Lithuania produced 21 767 kilograms of tin bars, rods, profiles, and wire, showing a gradual improvement of 8.5% from 2020. Between 2018 and 2021, production increased by 5.9%, translating to an annualized growth rate of 1.9%. The minimum volume was in 2020 at 20 068 kilograms, while the maximum was in 2019 at 22 560 kilograms. The largest decline occurred in 2020 with an 11.0% drop, and the largest increase was in 2019 with a 9.8% rise.

Annual dynamics of production in Lithuania in kind, 2018-2021, kg

Exports tin bars, rods, profiles and wire from Lithuania

Exports in kind, kg

The market showed an unstable trend over the period. Volumes reached their lowest point in 2019 at 1 452 kilograms and peaked in 2018, with a 9.8-fold difference between these years. In 2021, Lithuania's exports of tin bars, rods, profiles, and wire totaled 3 026 kilograms, down by 17.3% from the previous year. The largest decline was in 2019 at 89.8%, while the largest increase was in 2020 at 151.8%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, kg

From 2018 to 2021, the main destinations for Lithuania's exports of tin bars, rods, profiles, and wire in kind were Italy, accounting for 44.6% of exports, Latvia with 24.6%, and Russia at 12.9%. Together, these three countries made up 82.1% of total export flows.

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

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

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. The highest value was recorded in 2018, while the lowest was in 2019, with a peak-to-trough ratio of 5.8 times. In 2021, exports of tin bars, rods, profiles, and wire from Lithuania amounted to 127.2 thousand US dollars, up by 36.3% compared to the previous year. The minimum value was in 2019 at 45.6 thousand US dollars, with the largest decline of 82.7% that year and the largest increase of 104.6% in 2020.

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

Between 2018 and 2021, Italy, Latvia, and Russia formed the core of Lithuania's exports in value terms. Italy accounted for 37.2% of exports, Latvia for 30.1%, and Russia for 14.8%, together representing 82.1% of total export flows.

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

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

Imports tin bars, rods, profiles and wire to Lithuania

Imports in kind, kg

In 2021, Lithuania's imports of tin bars, rods, profiles, and wire totaled 12 438 kilograms, decreasing by 13.5% from the previous year. From 2018 to 2021, imports fell by 38.9%, equating to an annualized decline of 15.1%. The largest drop was in 2019 at 36.1%, while the largest increase was in 2020 at 10.5%.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, kg

Throughout 2018 to 2021, Germany, Poland, and the United Kingdom were the key sources for Lithuania's imports in kind, together accounting for 79.8% of total import flows.

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

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

Imports in value, K $ US

After a two-year decline, Lithuania's imports of tin bars, rods, profiles, and wire increased in 2021. The total value reached 354.3 thousand US dollars, up by 25.2% year-on-year. Between 2018 and 2021, imports decreased by 10.4%, with an annualized rate of decline of 3.6%. The lowest value was recorded in 2020 at 354.3 thousand US dollars, and the largest decline was in 2019 at 26.5%.

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

From 2018 to 2021, Germany, Poland, and Belgium led the structure of Lithuania's imports in value terms. Germany accounted for 53.5% of imports, Poland for 23.2%, and Belgium for 5.2%, together representing 81.9% of total import flows.

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

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