Lithuania: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Lithuania

In 2022, the Lithuanian market for flexible tubes, pipes and hoses of plastics, without fittings decreased by -65% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Lithuania

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings declined notably to $X in 2022 estimated in export price. Over the period under review, production faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 18%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Lithuania

In 2022, after two years of decline, there was significant growth in overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings, when their volume increased by 240% to X tons. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings soared to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Lithuania, accounting for a 20% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+89.9% per year) and Hungary (+221.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for flexible tubes, pipes and hoses of plastics, without fittings exports from Lithuania, comprising 35% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 5.5% share of total exports. It was followed by Greece, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+74.5% per year) and Greece (0.0% per year).

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, increasing by 2.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Poland ($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 Germany (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Lithuania

In 2022, supplies from abroad of flexible tubes, pipes and hoses of plastics, without fittings increased by 23% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings expanded slightly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +30.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and Estonia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, without fittings to Lithuania, together comprising 61% of total imports. Latvia, Italy, the Czech Republic, Belarus and Ukraine lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Czech Republic ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, without fittings suppliers to Lithuania, with a combined 55% share of total imports. Estonia, Belarus, Latvia, Italy and Ukraine lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Italy, with a CAGR of +14.1%, saw the highest growth rate of 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 import price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, declining by -16.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 when the average import price increased by 21%. The import price peaked at $X per ton in 2021, and then contracted rapidly in the following year.

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 the Czech Republic ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform