Lithuania: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Lithuania

In 2022, the Lithuanian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 589,717% to $X for the first time since 2013, thus ending a eight-year declining trend. Overall, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Lithuania

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Lithuania

In 2016, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Lithuania expanded significantly to X tons, picking up by 9.9% against 2015 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced slightly to $X in 2016. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 0.6% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Lithuania, with a 27% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Poland exceeded the volume sent to the second major destination, Germany (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Poland totaled +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-24.9% per year) and the UK (+61.5% per year).

In value terms, Poland ($X) emerged as the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Lithuania, comprising 26% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by the UK, with a 9.6% share.

From 2012 to 2016, the average annual rate of growth in terms of value to Poland totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-34.4% per year) and the UK (+43.1% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, waning by -9.1% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average export price decreased by -0.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2016, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and the UK ($X per ton), while the average price for exports to Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-10.1%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Lithuania

In 2016, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach X tons for the first time since 2012, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2016, imports remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. In general, imports, however, showed a abrupt downturn. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2016, imports failed to regain momentum.

Imports by Country

Latvia (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Lithuania, with a combined 73% share of total imports. South Korea, the Netherlands, Poland, Belgium and Russia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2016, the biggest increases were recorded for Belgium (with a CAGR of +192.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Lithuania were Latvia ($X), Germany ($X) and Sweden ($X), with a combined 66% share of total imports. The Netherlands, South Korea, Poland, Belgium and Russia lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Belgium, with a CAGR of +140.7%, 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 polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, with a decrease of -9.6% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 a decrease of -5.5%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, 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 Netherlands ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Germany (-10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform