Lithuania: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Lithuania

In 2022, the Lithuanian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.7% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Lithuania

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +156.1% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 86% against the previous year. Production of peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, when their volume decreased by -16.7% to X square meters. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 171% against the previous year. As a result, the exports reached the peak of X square meters, and then contracted remarkably in the following year.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 216% against the previous year. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Poland (X square meters), Ukraine (X square meters) and Russia (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Lithuania, together accounting for 74% of total exports. Estonia, Latvia and the Netherlands lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +75.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Lithuania were Poland ($X), Estonia ($X) and Ukraine ($X), together accounting for 74% of total exports. Russia, Latvia and the Netherlands lagged somewhat behind, together comprising a further 22%.

The Netherlands, with a CAGR of +67.1%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, growing by 17% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 38%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Estonia ($X per square meter) and the Netherlands ($X per square meter), while the average price for exports to Russia ($X per square meter) and Ukraine ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Lithuania

In 2022, purchases abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -5.9% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume 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 +79.1% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X square meters, and then contracted in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 83%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Belarus (X square meters), Poland (X square meters) and Russia (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Lithuania, with a combined 92% share of total imports. Estonia and Germany lagged somewhat behind, together accounting for a further 3.5%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Lithuania were Poland ($X), Belarus ($X) and Estonia ($X), together comprising 89% of total imports.

Among the main suppliers, Estonia, with a CAGR of +67.0%, saw 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 import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, jumping by 33% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +91.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per square meter), while the price for Belarus ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform