Lithuania: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Lithuania

In 2022, the Lithuanian solid vulcanised rubber sheet market increased by 41% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. Solid vulcanised rubber sheet consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Lithuania

In value terms, solid vulcanised rubber sheet production reduced to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 36%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Lithuania

Solid vulcanised rubber sheet exports from Lithuania declined markedly to X tons in 2022, dropping by -30.4% against the year before. In general, exports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet exports contracted markedly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Latvia (X tons), Russia (X tons) and Poland (X tons) were the main destinations of solid vulcanised rubber sheet exports from Lithuania, with a combined 44% share of total exports. Estonia, Denmark, Sweden, Belgium, Kazakhstan, Belarus, Finland, the UK, Germany and Romania lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +163.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Lithuania, comprising 34% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports. It was followed by Kazakhstan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+2.6% per year) and Kazakhstan (+26.3% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, falling by -13% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid vulcanised rubber sheet export price increased by +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Sweden ($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 Belarus (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Lithuania

In 2022, the amount of plates, sheets, strips for floor covering of solid vulcanised rubber imported into Lithuania fell to X tons, which is down by -2.3% compared with 2021 figures. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 51% against the previous year. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, solid vulcanised rubber sheet imports shrank markedly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 32%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped sharply in the following year.

Imports by Country

China (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of solid vulcanised rubber sheet imports to Lithuania, together comprising 60% of total imports. Germany, the Czech Republic, France, the Netherlands, Sweden, Italy and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +33.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet suppliers to Lithuania were Belgium ($X), Poland ($X) and Germany ($X), with a combined 42% share of total imports. China, Sweden, the Czech Republic, France, the Netherlands, Italy and the UK lagged somewhat behind, together comprising a further 41%.

France, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among 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 solid vulcanised rubber sheet import price amounted to $X per ton, declining by -13.3% against the previous year. In general, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.5%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform