Lithuania: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in Lithuania

The Lithuanian cotton (carded or combed) market amounted to $X in 2022, with an increase of 12% against the previous year. In general, consumption, however, saw a abrupt curtailment. Cotton (carded or combed) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Cotton (Carded Or Combed) in Lithuania

In value terms, cotton (carded or combed) production amounted to $X in 2022 estimated in export price. In general, production faced a drastic downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 14% against the previous year. Cotton (carded or combed) production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Lithuania

In 2022, after three years of decline, there was significant decline in shipments abroad of cotton (carded or combed), when their volume decreased by -72.6% to X kg. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,735%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton (carded or combed) exports fell dramatically to $X in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 1,730% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belarus (X kg), Russia (X kg) and the Czech Republic (X kg) were the main destinations of cotton (carded or combed) exports from Lithuania.

From 2014 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cotton (carded or combed) exported from Lithuania were Belarus ($X), Russia ($X) and the Czech Republic ($X).

Russia, with a CAGR of +41.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, surging by 96% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 an increase of 324%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cotton (Carded Or Combed)

Imports into Lithuania

In 2022, purchases abroad of cotton (carded or combed) increased by 82% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 17,700% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, cotton (carded or combed) imports soared to $X in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 108,200%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Belarus (X tons), Germany (X tons) and Portugal (X kg) were the main suppliers of cotton (carded or combed) imports to Lithuania, with a combined 97% share of total imports.

From 2013 to 2022, the biggest increases were recorded for Germany (with a CAGR of +139.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belarus ($X) and Portugal ($X) constituted the largest cotton (carded or combed) suppliers to Lithuania, together accounting for 97% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +206.3%, 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 cotton (carded or combed) import price amounted to $X per ton, declining by -28.6% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 508%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform