Lithuania: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Lithuania

The Lithuanian market for cellular plates, sheets and films of polyymers of styrene rose notably to $X in 2022, with an increase of 13% against the previous year. In general, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Lithuania

In value terms, production of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 73%. Production of peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Lithuania

In 2022, the amount of cellular plates, sheets and films of polyymers of styrene exported from Lithuania stood at X tons, with an increase of 8.5% compared with the year before. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 40%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from Lithuania, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and Estonia ($X) constituted the largest markets for polystyrene cellular plates, sheets and films exported from Lithuania worldwide, together accounting for 97% of total exports.

Among the main countries of destination, Poland, with a CAGR of +22.4%, saw 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

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($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 Norway (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Lithuania

Imports of cellular plates, sheets and films of polyymers of styrene into Lithuania fell markedly to X tons in 2022, declining by -22.9% against the previous year's figure. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 43% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene declined to $X in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Latvia (X tons), Poland (X tons) and Belarus (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Lithuania, together comprising 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +244.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Poland ($X) and Finland ($X) appeared to be the largest polystyrene cellular plates, sheets and films suppliers to Lithuania, with a combined 81% share of total imports. Belarus, Ukraine, Germany, Russia and Sweden lagged somewhat behind, together comprising a further 14%.

Belarus, with a CAGR of +189.6%, 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 import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, with an increase of 18% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +64.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 39% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform