Lithuania: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Lithuania

In 2022, the Lithuanian market for polyester tow and staple, not carded, combed or otherwise processed for spinning increased by 1.2% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Lithuania

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022 estimated in export price. In general, production, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 111% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Lithuania

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Lithuania skyrocketed to X tons, growing by 85% on the year before. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 425% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. In general, exports continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of 293% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X tons), Estonia (X tons) and the Czech Republic (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Lithuania, together accounting for 63% of total exports. Romania, Germany, Ukraine, Latvia, Finland, Italy, Spain, Bosnia and Herzegovina and France lagged somewhat behind, together accounting for a further 31%.

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 +66.2%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and the Czech Republic ($X) constituted the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Lithuania worldwide, together accounting for 65% of total exports. Germany, Romania, Ukraine, Latvia, Finland, Italy, Bosnia and Herzegovina, Spain and France lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Finland, with a CAGR of +50.9%, saw the highest rates of growth with regard to 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 export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, with an increase of 4.9% against the previous year. Overall, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Poland ($X per ton), while the average price for exports to Spain ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Lithuania

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Lithuania was estimated at X tons, growing by 5.6% against 2021 figures. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.4% 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 +18.0% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +59.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Nigeria (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Lithuania, together accounting for 60% of total imports. Uzbekistan, Belarus, South Africa, Taiwan (Chinese), Poland, Vietnam and Thailand lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +1,679.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Lithuania were China ($X), South Korea ($X) and Nigeria ($X), together comprising 60% of total imports. Uzbekistan, Taiwan (Chinese), Belarus, South Africa, Poland, Vietnam and Thailand lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Uzbekistan, with a CAGR of +1,824.0%, 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 import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Nigeria ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform