Lithuania: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Lithuania

In 2022, the Lithuanian natural rubber and gum market decreased by -16.4% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption showed a deep downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Natural Rubber And Gums in Lithuania

In value terms, natural rubber and gum production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a sharp slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6,310,700% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average natural rubber and gum yield in Lithuania stood at less than X kg per ha, flattening at the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Lithuania totaled less than X ha, standing approx. at 2021. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Lithuania

In 2022, overseas shipments of natural rubber and gums increased by 344% to X tons, rising for the third year in a row after two years of decline. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 571%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, natural rubber and gum exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Denmark (X tons) were the main destinations of natural rubber and gum exports from Lithuania, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +269.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural rubber and gum exported from Lithuania were Denmark ($X), Russia ($X) and Kazakhstan ($X), with a combined 100% share of total exports.

Kazakhstan, with a CAGR of +280.9%, saw 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

In 2022, the average natural rubber and gum export price amounted to $X per ton, jumping by 77% against the previous year. Overall, the export price enjoyed perceptible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Russia ($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 Belarus (+35.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into Lithuania

In 2022, overseas purchases of natural rubber and gums increased by 70% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a notable expansion. The growth pace was the most rapid in 2019 when imports increased by 151%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, natural rubber and gum imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 881%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X tons) and Italy (X tons) were the main suppliers of natural rubber and gum imports to Lithuania.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +33.5%).

In value terms, Sweden ($X) constituted the largest supplier of natural rubber and gums to Lithuania, comprising 62% of total imports. The second position in the ranking was taken by Italy ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +3.2%.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, increasing by 2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 291%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Italy totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform