Lithuania: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Lithuania

In 2022, the Lithuanian market for coconut, abaca, ramie and other vegetable textile fibres decreased by -16.8% to $X, falling for the second year in a row after seven years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Lithuania

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Lithuania totaled less than X kg per ha in 2022, remaining relatively unchanged against 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconut, abaca, ramie and other vegetable textile fibres production in Lithuania was estimated at less than X ha, approximately equating 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Lithuania

In 2022, approx. X tons of coconut, abaca, ramie and other vegetable textile fibres were exported from Lithuania; rising by 29% on the previous year. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 168%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022. In general, exports, however, recorded a pronounced shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Lithuania, accounting for a 66% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Estonia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to +275.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-8.3% per year) and Russia (-32.8% per year).

In value terms, Estonia ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Lithuania, comprising 79% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total exports. It was followed by Russia, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to +203.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-11.7% per year) and Russia (-28.0% per year).

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, with an increase of 92% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 150%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 Sweden (+65.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Lithuania

In 2022, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by -20.2% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 613% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2014 with an increase of 221% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Lithuania, accounting for a 69% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+84.1% per year) and Spain (+122.6% per year).

In value terms, India ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Lithuania, comprising 65% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Sri Lanka, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+51.7% per year) and Sri Lanka (-2.9% per year).

Import Prices by Country

In 2022, the average import price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, growing by 7.1% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform