Lithuania: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Lithuania

In 2022, the Lithuanian high-tenacity filament nylon yarn market increased by 9.5% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.0% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Lithuania

In 2022, shipments abroad of high-tenacity filament yarn of nylon or other polyamides increased by 46% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a perceptible slump. The growth pace was the most rapid in 2018 when exports increased by 80% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports surged to $X in 2022. In general, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons), the Czech Republic (X tons) and Estonia (X tons) were the main destinations of high-tenacity filament nylon yarn exports from Lithuania, together comprising 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +11.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for high-tenacity filament nylon yarn exported from Lithuania were the Czech Republic ($X), Latvia ($X) and Norway ($X), with a combined 97% share of total exports.

Latvia, with a CAGR of +10.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, with an increase of 21% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn export price increased by +42.8% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 30%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Germany (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Lithuania

High-tenacity filament nylon yarn imports into Lithuania contracted to X tons in 2022, shrinking by -11.2% compared with 2021 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn imports skyrocketed to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest high-tenacity filament nylon yarn supplier to Lithuania, with a 51% share of total imports. Moreover, high-tenacity filament nylon yarn imports from Russia exceeded the figures recorded by the second-largest supplier, Latvia (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +167.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+2.0% per year) and the Netherlands (+23.8% per year).

In value terms, the largest high-tenacity filament nylon yarn suppliers to Lithuania were Russia ($X), Latvia ($X) and China ($X), together accounting for 80% of total imports.

Among the main suppliers, China, with a CAGR of +223.3%, 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 high-tenacity filament nylon yarn import price amounted to $X per ton, rising by 40% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament nylon yarn import price increased by +85.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue 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 China ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform