Lithuania: Plastic Closure Market 2024

Plastic Closure Market Size in Lithuania

The Lithuanian plastic closure market reduced to $X in 2022, which is down by -5.7% against the previous year. Overall, consumption continues to indicate a noticeable contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Plastic Closure Production in Lithuania

In value terms, plastic closure production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Plastic Closure Exports

Exports from Lithuania

For the third year in a row, Lithuania recorded growth in overseas shipments of plastic stoppers, caps and closures, which increased by 0.3% to X tons in 2022. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 52%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastic closure exports surged to $X in 2022. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of plastic closure exports from Lithuania, together accounting for 32% of total exports. Poland, Russia, the Netherlands, the Czech Republic, Norway, Mali, Denmark, France, Latvia and Burkina Faso lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +159.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Sweden ($X) constituted the largest markets for plastic closure exported from Lithuania worldwide, together comprising 34% of total exports. Finland, Poland, the Netherlands, Denmark, the Czech Republic, Norway, Mali, France, Latvia and Burkina Faso lagged somewhat behind, together accounting for a further 46%.

Among the main countries of destination, Burkina Faso, with a CAGR of +138.7%, 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

The average plastic closure export price stood at $X per ton in 2022, picking up by 16% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 Russia ($X per ton), while the average price for exports to Burkina Faso ($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 (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Lithuania

Plastic closure imports into Lithuania reduced to X tons in 2022, with a decrease of -11.9% on the previous year. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 53% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic closure imports declined slightly to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +15.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, imports hit record highs at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest plastic closure supplier to Lithuania, with a 47% share of total imports. Moreover, plastic closure imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.2% per year) and Italy (+12.5% per year).

In value terms, Poland ($X) constituted the largest supplier of plastic stoppers, caps and closures to Lithuania, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.3% per year) and Italy (+18.3% per year).

Import Prices by Country

In 2022, the average plastic closure import price amounted to $X per ton, rising by 9% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure import price increased by +31.3% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 42%. The import price peaked 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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform