Lithuania: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Lithuania

The Lithuanian market for other plastic tubes, pipes and hoses expanded remarkably to $X in 2022, picking up by 8.6% against the previous year. In general, consumption, however, posted buoyant growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Other Plastic Tubes, Pipes and Hoses in Lithuania

In value terms, production of other plastic tubes, pipes and hoses soared to $X in 2022 estimated in export price. In general, production showed a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Lithuania

In 2022, shipments abroad of other plastic tubes, pipes and hoses was finally on the rise to reach X tons after three years of decline. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 58%. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of other plastic tubes, pipes and hoses surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 116%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Lithuania, with a 42% share of total exports. Moreover, exports of other plastic tubes, pipes and hoses to Russia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Uzbekistan (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+28.7% per year) and Uzbekistan (+97.0% per year).

In value terms, Russia ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Lithuania, comprising 37% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 9% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+103.9% per year) and Germany (+123.5% per year).

Export Prices by Country

In 2022, the average export price for other plastic tubes, pipes and hoses amounted to $X per ton, growing by 6.7% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for other plastic tubes, pipes and hoses increased by +27.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Estonia ($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 Armenia (+77.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Lithuania

In 2022, imports of other plastic tubes, pipes and hoses into Lithuania reduced slightly to X tons, remaining constant against the year before. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 101% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 80% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Estonia (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of imports of other plastic tubes, pipes and hoses to Lithuania, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other plastic tubes, pipes and hoses suppliers to Lithuania were Estonia ($X), Germany ($X) and Poland ($X), with a combined 51% share of total imports.

Among the main suppliers, Estonia, with a CAGR of +56.5%, saw the highest rates of growth with regard to 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 import price for other plastic tubes, pipes and hoses amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, import price indicated mild 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, import price for other plastic tubes, pipes and hoses increased by +69.7% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform