Lithuania: Plastic Furniture Market 2020

Plastic Furniture Market Size in Lithuania

The revenue of the plastic furniture market in Lithuania amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, the total market indicated a perceptible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plastic furniture consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Lithuania plastic furniture consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Plastic Furniture Production in Lithuania

In value terms, plastic furniture production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated remarkable growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, plastic furniture production increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Lithuania plastic furniture production peaked in 2018 and is likely to continue its growth in the near future.

Plastic Furniture Exports

Exports from Lithuania

Plastic furniture exports from Lithuania totaled X tons in 2018, picking up by X% against the previous year. Overall, plastic furniture exports, however, continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, plastic furniture exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, plastic furniture exports totaled $X in 2018. Overall, plastic furniture exports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, plastic furniture exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons) represented the key exporter of furniture of plastic, mixing up X% of total exports. Italy (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Israel (X%). The following exporters - Canada (X tons), Turkey (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons) and the U.S. (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Turkey (+X%), Spain (+X%), Israel (+X%) and Canada (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Israel and Poland increased by +X%, +X% and +X% percentage points, while Italy (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plastic furniture supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and Israel (+X% per year).

Export Prices by Country

In 2018, the plastic furniture export price in Lithuania amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the plastic furniture export price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, the export prices for furniture of plastic reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Lithuania

In 2018, the amount of furniture of plastic imported into Lithuania totaled X tons, rising by X% against the previous year. In general, plastic furniture imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, plastic furniture imports reached their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, plastic furniture imports totaled $X in 2018. Over the period under review, plastic furniture imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, plastic furniture imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

The U.S. represented the key importing country with an import of around X tons, which resulted at X% of total imports. France (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by the UK (X%). Canada (X tons), Germany (X tons), Spain (X tons), Saudi Arabia (X tons), Australia (X tons), the Philippines (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Saudi Arabia (+X%), Australia (+X%), Canada (+X%), the Netherlands (+X%), the UK (+X%), France (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Canada, France, the Philippines and Saudi Arabia increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported furniture of plastic into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: France (+X% per year) and Germany (+X% per year).

Import Prices by Country

The plastic furniture import price in Lithuania stood at $X per ton in 2018, surging by X% against the previous year. In general, the plastic furniture import price, however, continues to indicate a moderate reduction. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. In that year, the import prices for furniture of plastic reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for furniture of plastic remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform