Lithuania: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in Lithuania

In 2022, the Lithuanian plastic sanitary ware market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, continues to indicate a strong expansion. Plastic sanitary ware consumption peaked at $X in 2021, and then declined in the following year.

Plastic Sanitary Ware Production in Lithuania

In value terms, plastic sanitary ware production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Plastic sanitary ware production peaked at $X in 2021, and then contracted in the following year.

Plastic Sanitary Ware Exports

Exports from Lithuania

After ten years of growth, overseas shipments of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by X% to X units in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, plastic sanitary ware exports fell to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Poland (X units), Latvia (X units) and Sweden (X units) were the main destinations of plastic sanitary ware exports from Lithuania, with a combined X% share of total exports. Kazakhstan, Germany, Estonia, Ukraine, the Czech Republic, Russia, Romania, Denmark, Moldova and Algeria lagged somewhat behind, together comprising a further X%.

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

In value terms, Sweden ($X), Latvia ($X) and Germany ($X) appeared to be the largest markets for plastic sanitary ware exported from Lithuania worldwide, together accounting for X% of total exports. Poland, Kazakhstan, Russia, Estonia, the Czech Republic, Denmark, Ukraine, Romania, Moldova and Algeria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic sanitary ware export price stood at $X per unit in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Algeria ($X per unit) was amongst the lowest.

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

Plastic Sanitary Ware Imports

Imports into Lithuania

In 2022, overseas purchases of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, plastic sanitary ware imports contracted to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of plastic sanitary ware to Lithuania, with a X% share of total imports. Moreover, plastic sanitary ware imports from Poland exceeded the figures recorded by the second-largest supplier, Russia (X units), twofold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Germany (X% per year).

In value terms, Poland ($X), Germany ($X) and China ($X) appeared to be the largest plastic sanitary ware suppliers to Lithuania, with a combined X% share of total imports. Latvia, the Czech Republic, Denmark, Italy, Russia and Sweden lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 plastic sanitary ware import price stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform