Industry Statistics and Rankings
How does this industry perform in Lithuania compared to Europe?
Country Benchmarking
Industry Data Lithuania
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#32 In EuropeBusiness
#27 In EuropeEmployees
#31 In EuropeWages
#30 In EuropeThe Iron & Steel Casting in Lithuania ranks 32nd in Europe with regards to its 2024 revenue (€3.8m). Revenue received by operators in Lithuania has been low in volatility over the past five-year period, with the average annual change in revenue (7.4 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Iron & Steel Casting industry in Lithuania in 2024?
The market size of the Iron & Steel Casting industry in Lithuania is €3.8m in 2024.
How many businesses are there in the Iron & Steel Casting in Lithuania industry in 2024?
There are 5 businesses in the Iron & Steel Casting industry in Lithuania, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Iron & Steel Casting industry in Lithuania grown or declined over the past 5 years?
The market size of the Iron & Steel Casting industry in Lithuania has been declining at a CAGR of 7.4 % between 2019 and 2024.
What is the forecast growth of the Iron & Steel Casting industry in Lithuania over the next 5 years?
Over the next five years, the Iron & Steel Casting industry in Lithuania is expected to grow.
What are the biggest companies in the Iron & Steel Casting market in Lithuania?
The biggest companies operating in the Iron & Steel Casting market in Lithuania are Sidenor Aceros Especiales SL, Georg Fischer AG and Acerinox Europa SAU
What does the Iron & Steel Casting in Lithuania include?
Steel castings for machinery and mechanical appliances and Steel castings for locomotives and rolling stock are part of the Iron & Steel Casting industry.
Which companies have the highest market share in the Iron & Steel Casting in Lithuania?
The company holding the most market share in Lithuania is Sidenor Aceros Especiales SL.
How competitive is the Iron & Steel Casting industry in Lithuania?
The level of competition is moderate and steady in the Iron & Steel Casting industry in Lithuania.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Metal Casting in Lithuania
Complementors
- Iron & Steel Manufacturing in Lithuania
Table of Contents
About this industry
Industry definition
Iron and steel casters operate foundries that produce iron or steel products. The production process involves pouring molten iron or steel into moulds to create products of various shapes and sizes, including tubes, pipes and related fittings.
What's included in this industry?
Steel castings for machinery and mechanical appliancesSteel castings for locomotives and rolling stock Steel and iron tube and pipe fittingsSteel castings for land vehicles Grey iron castings Ductile iron castings Malleable iron castingsIndustry Code
2431 - Casting of iron and steel in Lithuania
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Iron & Steel Casting in Lithuania
- Employees in the Iron & Steel Casting in Lithuania
- Business in the Iron & Steel Casting in Lithuania
- Profit in the Iron & Steel Casting in Lithuania
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
European iron and steel casters come up against stringent regulations. European laws necessitate the reduction of carbon emissions and energy usage, enforce anti-dumping duties and promote fair competition.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Iron & Steel Casting in Lithuania industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising energy costs damage profit. Russia’s invasion of Ukraine drove a huge surge in energy prices, pushing up casters’ costs and eating into their returns. It also cut into demand for iron and steel commodities, further limiting profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Iron & Steel Casting in Lithuania industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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