Lithuania: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Lithuania

In 2022, the Lithuanian non-aqueous paint and varnish market decreased by -5.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Lithuania

In value terms, non-aqueous paint and varnish production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 92%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Lithuania

In 2022, approx. X tons of paints and varnishes dispersed or dissolved in a non-aqueous medium were exported from Lithuania; declining by -9.5% on 2021 figures. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-aqueous paint and varnish exports fell slightly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Belarus (X tons) were the main destinations of non-aqueous paint and varnish exports from Lithuania, together accounting for 66% of total exports. Uzbekistan, Latvia, Estonia and Ukraine lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +3.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-aqueous paint and varnish exported from Lithuania were Russia ($X), Kazakhstan ($X) and Belarus ($X), with a combined 63% share of total exports. Latvia, Uzbekistan, Estonia and Ukraine lagged somewhat behind, together accounting for a further 21%.

Latvia, with a CAGR of +5.1%, recorded the highest growth rate of 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 non-aqueous paint and varnish export price amounted to $X per ton, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and Belarus ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Lithuania

In 2022, imports of paints and varnishes dispersed or dissolved in a non-aqueous medium into Lithuania dropped to X tons, shrinking by -13.9% compared with 2021. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, non-aqueous paint and varnish imports declined to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +51.5% against 2015 indices. The pace of growth was the most pronounced in 2014 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of non-aqueous paint and varnish imports to Lithuania, with a combined 54% share of total imports. Sweden, Estonia, Slovenia and Latvia 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 Slovenia (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-aqueous paint and varnish suppliers to Lithuania were Germany ($X), Poland ($X) and Italy ($X), with a combined 55% share of total imports. Sweden, Estonia, Slovenia and Latvia lagged somewhat behind, together comprising a further 31%.

Slovenia, with a CAGR of +29.0%, recorded the highest rates of growth with regard to 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-aqueous paint and varnish import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Slovenia ($X per ton), while the price for Sweden ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform