Lithuania: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Lithuania

The Lithuanian pigments, opacifiers and colours market dropped to $X in 2022, reducing by -12.5% against the previous year. In general, consumption saw a abrupt descent. Pigments, opacifiers and colours consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Lithuania

In value terms, pigments, opacifiers and colours production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Lithuania

In 2022, exports of pigments, opacifiers and colours for ceramics, enamelling or glass from Lithuania soared to X tons, rising by 128% compared with 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 254%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Belarus (X tons) was the main destination for pigments, opacifiers and colours exports from Lithuania, with a 77% share of total exports. Moreover, pigments, opacifiers and colours exports to Belarus exceeded the volume sent to the second major destination, Russia (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus stood at +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.4% per year) and Kazakhstan (+72.4% per year).

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) were the largest markets for pigments, opacifiers and colours exported from Lithuania worldwide, together accounting for 93% of total exports.

Kazakhstan, with a CAGR of +77.3%, saw 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 pigments, opacifiers and colours export price amounted to $X per ton, waning by -46.1% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 30%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Belarus ($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 Kazakhstan (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Lithuania

In 2022, purchases abroad of pigments, opacifiers and colours for ceramics, enamelling or glass was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.1% 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 2014 when imports increased by 94% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pigments, opacifiers and colours imports surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +53.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of pigments, opacifiers and colours imports to Lithuania, with a combined 76% share of total imports. Estonia, Germany, Latvia, Bulgaria, Finland and France lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +48.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Poland ($X) constituted the largest pigments, opacifiers and colours suppliers to Lithuania, together comprising 78% of total imports. Estonia, Germany, Latvia, Bulgaria, France and Finland lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Latvia, with a CAGR of +54.8%, 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

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, reducing by -17.2% against the previous year. Overall, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform