Lithuania: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Lithuania

In 2022, the Lithuanian artificial filament tow market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Artificial Filament Tow Exports

Exports from Lithuania

In 2022, artificial filament tow exports from Lithuania skyrocketed to X tons, jumping by X% on 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, artificial filament tow exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons), Poland (X tons) and the Czech Republic (X tons) were the main destinations of artificial filament tow exports from Lithuania, together comprising X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial filament tow exported from Lithuania were Bulgaria ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average artificial filament tow export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and Turkey ($X per ton), while the average price for exports to Serbia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Filament Tow Imports

Imports into Lithuania

In 2022, the amount of artificial filament tow imported into Lithuania rose significantly to X tons, surging by X% on 2021. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, artificial filament tow imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of artificial filament tow imports to Lithuania, with a combined X% share of total imports. The Netherlands, Poland, the Czech Republic and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial filament tow suppliers to Lithuania were Japan ($X), Germany ($X) and Belgium ($X), together accounting for X% of total imports. The Netherlands, Poland, the Czech Republic and the United States lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average artificial filament tow import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Japan ($X per ton), while the price for the Czech Republic ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform