Lithuania: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Lithuania

The Lithuanian glass in the mass market skyrocketed to $X in 2022, rising by 327% against the previous year. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Lithuania

In value terms, glass in the mass production totaled $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Glass in The Mass

Exports from Lithuania

In 2022, the amount of glass in the mass exported from Lithuania expanded markedly to X tons, surging by 7.5% against the previous year's figure. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 89% against the previous year. Over the period under review, the glass in mass exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, glass in the mass exports surged to $X in 2022. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 60%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons) was the main destination for glass in the mass exports from Lithuania, accounting for a 86% share of total exports. Moreover, glass in the mass exports to Poland exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +100.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.1% per year) and Belarus (-15.2% per year).

In value terms, Poland ($X) emerged as the key foreign market for glass in the mass exports from Lithuania, comprising 87% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to +80.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+4.5% per year) and Belarus (-14.7% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, picking up by 29% against the previous year. In general, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 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 ($X per ton), while the average price for exports to Ukraine ($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 Estonia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Lithuania

In 2022, approx. X tons of glass in the mass were imported into Lithuania; jumping by 77% against 2021 figures. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 125%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, glass in the mass imports surged to $X in 2022. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 120% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Latvia (X tons) constituted the largest glass in the mass supplier to Lithuania, accounting for a 75% share of total imports. Moreover, glass in the mass imports from Latvia exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+25.1% per year) and Russia (-30.4% per year).

In value terms, Latvia ($X), Estonia ($X) and Russia ($X) appeared to be the largest glass in the mass suppliers to Lithuania, together comprising 98% of total imports.

Estonia, with a CAGR of +23.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average glass in the mass import price amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Latvia ($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 (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform