Lithuania: Market for Bed Linen Of Cotton 2024

Market Size for Bed Linen Of Cotton in Lithuania

The Lithuanian bed linen of cotton market surged to $X in 2022, with an increase of 21% against the previous year. Over the period under review, consumption saw resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Bed Linen Of Cotton in Lithuania

In value terms, bed linen of cotton production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +99.1% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 62%. Bed linen of cotton production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Bed Linen Of Cotton

Exports from Lithuania

In 2022, shipments abroad of bed linen of cotton decreased by -38.8% to X tons, falling for the second year in a row after seven years of growth. In general, exports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, bed linen of cotton exports declined significantly to $X in 2022. Over the period under review, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Latvia (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of bed linen of cotton exports from Lithuania, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Russia ($X) appeared to be the largest markets for bed linen of cotton exported from Lithuania worldwide, together comprising 72% of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of +16.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bed linen of cotton export price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Cotton

Imports into Lithuania

In 2022, supplies from abroad of bed linen of cotton decreased by -0.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, bed linen of cotton imports rose rapidly to $X in 2022. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 58%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Pakistan (X tons) and India (X tons) were the main suppliers of bed linen of cotton imports to Lithuania, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Pakistan ($X) and India ($X) were the largest bed linen of cotton suppliers to Lithuania, with a combined 60% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of imports, 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 bed linen of cotton import price amounted to $X per ton, with an increase of 6.9% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform