Lithuania: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Lithuania

The Lithuanian market for float glass and surface ground or polished glass soared to $X in 2022, increasing by X% against the previous year. In general, consumption showed a resilient increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Float Glass And Surface Ground or Polished Glass in Lithuania

In value terms, production of float glass and surface ground or polished glass soared to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production of reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Lithuania

For the third year in a row, Lithuania recorded growth in shipments abroad of float glass and surface ground or polished glass, which increased by X% to X square meters in 2022. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of float glass and surface ground or polished glass skyrocketed to $X in 2022. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X square meters), Ukraine (X square meters) and Estonia (X square meters) were the main destinations of exports of float glass and surface ground or polished glass from Lithuania, together comprising X% of total exports.

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

In value terms, the largest markets for float glass and surface ground or polished glass exported from Lithuania were Ukraine ($X), Poland ($X) and Estonia ($X), together comprising X% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to 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 float glass and surface ground or polished glass amounted to $X per square meter, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

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

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Lithuania

In 2022, approx. X square meters of float glass and surface ground or polished glass were imported into Lithuania; increasing by X% against the previous year. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of float glass and surface ground or polished glass soared to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Poland (X square meters) constituted the largest float glass and surface ground or polished glass supplier to Lithuania, with a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from Poland exceeded the figures recorded by the second-largest supplier, Belarus (X square meters), twofold. The third position in this ranking was taken by Russia (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Russia (X% per year).

In value terms, Poland ($X) constituted the largest supplier of float glass and surface ground or polished glass to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Belgium (X% per year).

Import Prices by Country

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Belgium ($X per square meter), while the price for Belarus ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform