Lithuania: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Lithuania

In 2022, after two years of growth, there was significant decline in the Lithuanian hard plastic comb market, when its value decreased by -20.2% to $X. In general, consumption, however, posted prominent growth. Hard plastic comb consumption peaked at $X in 2021, and then shrank sharply in the following year.

Hard Plastic Comb Exports

Exports from Lithuania

In 2022, overseas shipments of hard rubber or plastic combs decreased by -1.9% to X tons, falling for the third year in a row after three years of growth. Overall, exports showed a slight slump. The growth pace was the most rapid in 2014 when exports increased by 81%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hard plastic comb exports reduced sharply to $X in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 175%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for hard plastic comb exports from Lithuania, accounting for a 59% share of total exports. Moreover, hard plastic comb exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), fivefold. Estonia (X kg) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+3.9% per year) and Estonia (+0.7% per year).

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the largest markets for hard plastic comb exported from Lithuania worldwide, with a combined 73% share of total exports. Poland, Estonia, Latvia and Kyrgyzstan lagged somewhat behind, together accounting for a further 12%.

Poland, with a CAGR of +72.1%, recorded the highest rates of growth with regard to 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

The average hard plastic comb export price stood at $X per ton in 2022, dropping by -34.1% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Latvia ($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 Russia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hard Plastic Comb Imports

Imports into Lithuania

In 2022, approx. X tons of hard rubber or plastic combs were imported into Lithuania; shrinking by -20.9% against 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 89%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hard plastic comb imports declined to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 74%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of hard plastic comb imports to Lithuania, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and the Netherlands ($X) appeared to be the largest hard plastic comb suppliers to Lithuania, together comprising 61% of total imports.

The Netherlands, with a CAGR of +41.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hard plastic comb import price stood at $X per ton in 2022, picking up by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2015 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform