Lithuania: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Lithuania

The Lithuanian market for plasticised mixed polyvinyl chloride in primary forms contracted to $X in 2022, with a decrease of -10.5% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Lithuania

In value terms, production of plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Lithuania

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms increased by 444% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, exports saw a pronounced increase. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022. Over the period under review, exports saw a resilient increase. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Lithuania, with a 62% share of total exports. Moreover, exports of plasticised mixed polyvinyl chloride in primary forms to Belarus exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+30.1% per year) and Poland (+18.1% per year).

In value terms, Belarus ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Lithuania, comprising 68% of total exports. The second position in the ranking was held by Russia ($X), with a 25% share of total exports. It was followed by Poland, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Belarus stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+31.5% per year) and Poland (+21.6% per year).

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, jumping by 20% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for plasticised mixed polyvinyl chloride in primary forms increased by +91.6% against 2017 indices. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Poland ($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 Germany (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Lithuania

Imports of plasticised mixed polyvinyl chloride in primary forms into Lithuania fell significantly to X tons in 2022, which is down by -15.2% compared with 2021 figures. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 -36.5% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 50%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms reduced slightly to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value 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 +3.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Lithuania, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Poland ($X) appeared to be the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Lithuania, with a combined 84% share of total imports. Portugal, the UK and Italy lagged somewhat behind, together accounting for a further 14%.

Portugal, with a CAGR of +42.6%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2021 an increase of 31%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform