Lithuania: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Lithuania

In 2022, after three years of decline, there was significant growth in the Lithuanian plastic self-adhesive plate market, when its value increased by 13% to $X. Overall, consumption, however, saw a pronounced shrinkage. Plastic self-adhesive plate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Self-Adhesive Plate Production in Lithuania

In value terms, plastic self-adhesive plate production shrank remarkably to $X in 2022 estimated in export price. In general, production recorded a significant decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 69% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports from Lithuania

In 2022, shipments abroad of plastic self-adhesive plates, sheets and other flat shapes increased by 26% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2013 when exports increased by 32% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic self-adhesive plate exports soared to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.4% against 2017 indices. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Latvia (X tons) and Germany (X tons) were the main destinations of plastic self-adhesive plate exports from Lithuania, together accounting for 58% of total exports. Belarus, Estonia, Finland, Poland, Sweden, Denmark, the UK, Spain and the Netherlands lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +24.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Lithuania, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Latvia, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.0% per year) and Latvia (+4.5% per year).

Export Prices by Country

The average plastic self-adhesive plate export price stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Finland ($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 Poland (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Lithuania

For the fourth year in a row, Lithuania recorded growth in purchases abroad of plastic self-adhesive plates, sheets and other flat shapes, which increased by 11% to X tons in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +33.0% against 2014 indices. The pace of growth appeared the most rapid in 2013 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastic self-adhesive plate imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +103.9% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastic self-adhesive plate imports to Lithuania, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) were the largest plastic self-adhesive plate suppliers to Lithuania, together accounting for 59% of total imports. Finland, Latvia, China, Estonia and Spain lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Latvia, with a CAGR of +11.2%, 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

In 2022, the average plastic self-adhesive plate import price amounted to $X per ton, growing by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 12%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform