Lithuania: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Lithuania

The Lithuanian ethylene polymer bag market expanded sharply to $X in 2022, surging by 8.8% against the previous year. Overall, consumption, however, saw a prominent increase. Ethylene polymer bag consumption peaked in 2022 and is likely to continue growth in the near future.

Ethylene Polymer Bag Production in Lithuania

In value terms, ethylene polymer bag production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +46.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25%. Ethylene polymer bag production peaked in 2022 and is likely to see steady growth in years to come.

Ethylene Polymer Bag Exports

Exports from Lithuania

In 2022, overseas shipments of sacks and bags of polymers of ethylene increased by 2.2% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 6.5%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, ethylene polymer bag exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of ethylene polymer bag exports from Lithuania, together accounting for 49% of total exports. Finland, Latvia, the UK, Estonia, Norway, the Netherlands and Russia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +12.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Denmark ($X) appeared to be the largest markets for ethylene polymer bag exported from Lithuania worldwide, together comprising 44% of total exports. Latvia, Finland, Estonia, the UK, Norway, the Netherlands and Russia lagged somewhat behind, together comprising a further 43%.

Finland, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 ethylene polymer bag export price amounted to $X per ton, rising by 9.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 Russia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Lithuania

Ethylene polymer bag imports into Lithuania shrank sharply to X tons in 2022, declining by -29.3% compared with the year before. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 68%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, ethylene polymer bag imports dropped to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +65.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of ethylene polymer bag imports to Lithuania, together comprising 58% of total imports. Estonia, Ukraine, the Netherlands, Slovenia, Austria, China, Spain, Romania, Belarus and Vietnam lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +164.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Latvia ($X) appeared to be the largest ethylene polymer bag suppliers to Lithuania, with a combined 50% share of total imports. Austria, Ukraine, Estonia, the Netherlands, China, Belarus, Slovenia, Spain, Romania and Vietnam lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Romania, with a CAGR of +139.0%, saw 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

In 2022, the average ethylene polymer bag import price amounted to $X per ton, with an increase of 26% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene polymer bag import price increased by +124.2% against 2016 indices. The growth pace was the most rapid in 2017 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure 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 Austria ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform