Lithuania: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Lithuania

The Lithuanian market for floor, wall or ceiling coverings of plastics rose sharply to $X in 2022, increasing by 7.6% against the previous year. Over the period under review, consumption recorded prominent growth. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Lithuania

In value terms, production of floor, wall or ceiling coverings of plastics declined rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 8,621% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Lithuania

After two years of decline, overseas shipments of floor, wall or ceiling coverings of plastics increased by 45% to X square meters in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Over the period under review, exports, however, showed a noticeable curtailment. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X square meters), Russia (X square meters) and Estonia (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Lithuania, together comprising 86% of total exports. Belarus, Kazakhstan, Uzbekistan, the UK and Germany lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +101.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Lithuania, comprising 55% of total exports. The second position in the ranking was taken by Latvia ($X), with a 22% share of total exports. It was followed by Belarus, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+19.1% per year) and Belarus (+25.4% per year).

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, which is down by -7.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per square meter), while the average price for exports to Estonia ($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 the UK (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Lithuania

For the eleventh consecutive year, Lithuania recorded growth in overseas purchases of floor, wall or ceiling coverings of plastics, which increased by 12% to X square meters in 2022. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of floor, wall or ceiling coverings of plastics expanded rapidly to $X in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X square meters), Belgium (X square meters) and Poland (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Lithuania, together accounting for 74% of total imports. Germany, Latvia, the Netherlands and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Lithuania were Belgium ($X), China ($X) and Poland ($X), together accounting for 68% of total imports.

In terms of the main suppliers, China, with a CAGR of +31.5%, 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 floor, wall or ceiling coverings of plastics amounted to $X per square meter, approximately mirroring 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 24%. Over the period under review, average import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for China ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform