Lithuania: Leather Market 2020

Leather Market Size in Lithuania

The revenue of the leather market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. In general, leather consumption continues to indicate a mild decline. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the leather market reached its maximum level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Leather Production in Lithuania

In value terms, leather production totaled $X in 2018 estimated in export prices. In general, leather production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, leather production reached its peak level of $X. From 2016 to 2018, leather production growth failed to regain its momentum.

Leather Exports

Exports from Lithuania

In 2018, approx. X tons of leathers were exported from Lithuania; going down by -X% against the previous year. Overall, leather exports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. In that year, leather exports attained their peak of X tons. From 2015 to 2018, the growth of leather exports remained at a lower figure.

In value terms, leather exports stood at $X in 2018. Over the period under review, leather exports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, leather exports attained their peak of $X. From 2015 to 2018, the growth of leather exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Italy (X tons) represented the key exporters of leathers in 2018, recording near X% and X% of total exports, respectively. The U.S. (X tons) ranks next in terms of the total exports with a X% share, followed by Argentina (X%) and China, Hong Kong SAR (X%). Thailand (X tons), Taiwan, Chinese (X tons), Germany (X tons), China (X tons), India (X tons), Paraguay (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the UK, while the other leaders experienced more modest paces of growth.

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

In Italy, leather exports shrank by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and China, Hong Kong SAR (-X% per year).

Export Prices by Country

In 2018, the leather export price in Lithuania amounted to $X per ton, jumping by X% against the previous year. Overall, the leather export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices for leathers reached their maximum in 2018 and is likely to continue its growth in the near future.

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

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

Leather Imports

Imports into Lithuania

In 2018, the imports of leathers into Lithuania totaled X tons, shrinking by -X% against the previous year. In general, leather imports continue to indicate a mild deduction. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, leather imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, leather imports totaled $X in 2018. Overall, leather imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Lithuania imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tons), distantly followed by Italy (X tons) and Vietnam (X tons) represented the major importers of leathers, together constituting X% of total imports. Thailand (X tons), China, Hong Kong SAR (X tons), Taiwan, Chinese (X tons), India (X tons), Mexico (X tons), Spain (X tons) and Portugal (X tons) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Vietnam, Mexico, India, Thailand, Spain, Portugal, Taiwan, Chinese and Lithuania, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the leather import price in Lithuania amounted to $X per ton, jumping by X% against the previous year. Overall, the leather import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, the import prices for leathers attained their maximum at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform