Lithuania: Plastic Box Market 2024

Plastic Box Market Size in Lithuania

In 2022, the Lithuanian plastic box market decreased by -16.1% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, recorded a notable expansion. Plastic box consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Box Production in Lithuania

In value terms, plastic box production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +49.5% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 31%. Over the period under review, production reached the peak level at $X in 2021, and then declined in the following year.

Plastic Box Exports

Exports from Lithuania

In 2022, after three years of growth, there was decline in overseas shipments of plastic boxes, cases, crates and similar packing articles, when their volume decreased by -1.7% to X tons. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastic box exports declined to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons), Estonia (X tons) and Sweden (X tons) were the main destinations of plastic box exports from Lithuania, with a combined 75% share of total exports. Poland, Russia, Denmark, Faroe Islands, the Czech Republic and Belarus lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Faroe Islands (with a CAGR of +104.2%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Sweden ($X) constituted the largest markets for plastic box exported from Lithuania worldwide, with a combined 68% share of total exports. Russia, Poland, Denmark, Belarus, Faroe Islands and the Czech Republic lagged somewhat behind, together comprising a further 21%.

Faroe Islands, with a CAGR of +119.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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 plastic box export price amounted to $X per ton, which is down by -7.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Sweden ($X per ton), while the average price for exports to Poland ($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 Faroe Islands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Lithuania

In 2022, purchases abroad of plastic boxes, cases, crates and similar packing articles decreased by -9.8% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 16%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports declined to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +75.2% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of plastic box to Lithuania, with a 39% share of total imports. Moreover, plastic box imports from Poland exceeded the figures recorded by the second-largest supplier, Estonia (X tons), threefold. The third position in this ranking was held by Latvia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-2.0% per year) and Latvia (-3.5% per year).

In value terms, Poland ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to Lithuania, comprising 38% of total imports. The second position in the ranking was held by Estonia ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-2.7% per year) and the Netherlands (+14.8% per year).

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform