Lithuania: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Lithuania

The Lithuanian non-cellular polyvinyl chloride film market fell slightly to $X in 2022, reducing by -4.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a prominent increase. Non-cellular polyvinyl chloride film consumption peaked at $X in 2021, and then reduced modestly in the following year.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Lithuania

In 2022, non-cellular polyvinyl chloride film exports from Lithuania skyrocketed to X tons, rising by 16% compared with 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polyvinyl chloride film exports soared to $X in 2022. In general, exports, however, saw a pronounced shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for non-cellular polyvinyl chloride film exports from Lithuania, with a 49% share of total exports. Moreover, non-cellular polyvinyl chloride film exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), threefold. Belarus (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+12.0% per year) and Belarus (+10.0% per year).

In value terms, Russia ($X) remains the key foreign market for non-cellular polyvinyl chloride films, sheets, foil and strip exports from Lithuania, comprising 59% of total exports. The second position in the ranking was held by Latvia ($X), with an 8.5% share of total exports. It was followed by Belarus, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+3.1% per year) and Belarus (+13.5% per year).

Export Prices by Country

The average non-cellular polyvinyl chloride film export price stood at $X per ton in 2022, picking up by 27% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. As a result, the export price reached 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 Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 China (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Lithuania

Non-cellular polyvinyl chloride film imports into Lithuania dropped slightly to X tons in 2022, which is down by -3.8% on 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of non-cellular polyvinyl chloride film imports to Lithuania, together comprising 57% of total imports. Italy, Turkey, Hungary, Latvia, the UK and South Korea lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-cellular polyvinyl chloride film suppliers to Lithuania were Germany ($X), Poland ($X) and Italy ($X), with a combined 62% share of total imports. China, Turkey, Hungary, South Korea, the UK and Latvia lagged somewhat behind, together accounting for a further 29%.

Turkey, 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 non-cellular polyvinyl chloride film import price stood at $X per ton in 2022, rising by 8.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 14%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform