Lithuania: Plastic Bag Market 2024

Plastic Bag Market Size in Lithuania

The Lithuanian plastic bag market rose notably to $X in 2022, with an increase of 7.2% against the previous year. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Plastic Bag Production in Lithuania

In value terms, plastic bag production skyrocketed 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 +8.9% 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 +41.4% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

Plastic Bag Exports

Exports from Lithuania

In 2022, after two years of decline, there was growth in shipments abroad of plastic sacks and bags, when their volume increased by 1.6% to X tons. The total export volume increased at an average annual rate of +4.0% 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 2014 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic bag exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of plastic bag exports from Lithuania, with a combined 42% share of total exports. The UK, Finland, Latvia, Estonia, the Netherlands, Norway, Austria, Iceland, Poland and Russia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +39.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic bag exported from Lithuania were Germany ($X), Sweden ($X) and Denmark ($X), together accounting for 36% of total exports. The UK, Latvia, Austria, Finland, Estonia, Norway, Russia, the Netherlands, Iceland and Poland lagged somewhat behind, together comprising a further 52%.

Among the main countries of destination, Austria, with a CAGR of +40.3%, saw the highest growth rate of 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

In 2022, the average plastic bag export price amounted to $X per ton, with an increase of 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady 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 Russia ($X per ton), while the average price for exports to the Netherlands ($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 Russia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Lithuania

In 2022, approx. X tons of plastic sacks and bags were imported into Lithuania; with a decrease of -15.4% against the previous year's figure. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +10.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 58% against the previous year. Imports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, plastic bag imports declined modestly to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of plastic bag to Lithuania, with a 26% share of total imports. Moreover, plastic bag imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and Latvia (+1.9% per year).

In value terms, the largest plastic bag suppliers to Lithuania were Poland ($X), Germany ($X) and Latvia ($X), together accounting for 43% of total imports. Ukraine, Estonia, Austria, Turkey, France, the Netherlands, Spain, China, India and Slovenia lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, India, with a CAGR of +121.4%, recorded 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 plastic bag import price stood at $X per ton in 2022, increasing by 18% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bag import price increased by +102.1% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform