Lithuania: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Lithuania

The Lithuanian market for rigid tubes, pipes and hoses of polymers of vinyl chloride skyrocketed to $X in 2022, picking up by 32% against the previous year. In general, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Lithuania

In value terms, vinyl chloride polymer rigid pipes production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 14%. Vinyl chloride polymer rigid pipes production peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Lithuania

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -58.1% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 37%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports dropped rapidly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons), Estonia (X tons) and Russia (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Lithuania, together accounting for 88% of total exports. Kazakhstan, Uzbekistan, Poland, Belarus, Finland and Sweden lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +101.1%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Russia ($X) constituted the largest markets for vinyl chloride polymer rigid pipes exported from Lithuania worldwide, with a combined 84% share of total exports. Uzbekistan, Kazakhstan, Belarus, Poland, Finland and Sweden lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Uzbekistan, with a CAGR of +86.3%, recorded 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 rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, surging by 25% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Sweden ($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 Estonia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Lithuania

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -7.6% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +48.2% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by 23%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, vinyl chloride polymer rigid pipes imports totaled $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Lithuania, accounting for a 75% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+13.6% per year) and Italy (+13.0% per year).

In value terms, Poland ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Lithuania, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 5% share of total imports. It was followed by the Czech Republic, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and the Czech Republic (+16.1% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, surging by 9.7% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +68.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Belgium ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform