Lithuania: Safety Glass Market 2020

Safety Glass Market Size in Lithuania

The revenue of the safety glass market in Lithuania amounted to $X in 2018, surging by X% against the previous year. Overall, safety glass consumption continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the safety glass market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Safety Glass Production in Lithuania

In value terms, safety glass production totaled $X in 2018 estimated in export prices. Over the period under review, safety glass production continues to indicate a conspicuous increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, safety glass production reached its peak level of $X. From 2015 to 2018, safety glass production growth remained at a lower figure.

Safety Glass Exports

Exports from Lithuania

In 2018, the amount of safety glass exported from Lithuania stood at X tons, rising by X% against the previous year. Over the period under review, safety glass exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, safety glass exports reached their maximum at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, safety glass exports amounted to $X in 2018. In general, the total exports indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, safety glass exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. In that year, safety glass exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

In 2018, Estonia (X tons) represented the key exporter of safety glass, mixing up X% of total exports. Romania (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Mexico (X%) and Egypt (X%). The following exporters - Indonesia (X tons), Finland (X tons), Morocco (X tons), Japan (X tons), South Africa (X tons), Malaysia (X tons), Bulgaria (X tons) and Peru (X tons) - together made up X% of total exports.

Exports from Estonia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Indonesia (+X%), South Africa (+X%), Morocco (+X%), Mexico (+X%), Malaysia (+X%), Bulgaria (+X%), Japan (+X%), Peru (+X%), Romania (+X%), Finland (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Estonia, Romania, Mexico, Egypt, Indonesia, Finland, Morocco, Japan, South Africa, Malaysia, Bulgaria and Peru increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Japan ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Malaysia, Romania, Estonia, Bulgaria, South Africa, Peru, Lithuania, Indonesia, Egypt and Morocco, which together accounted for a further X terms of the main exporting countries, Bulgaria experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the safety glass export price in Lithuania amounted to $X per kg, lowering by -X% against the previous year. Over the period under review, the safety glass export price continues to indicate a precipitous downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. In that year, the export prices for safety glass attained their peak level of $X per kg. From 2017 to 2018, the growth in terms of the export prices for safety glass failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per kg), while Estonia ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports into Lithuania

In 2018, approx. X tons of safety glass were imported into Lithuania; going up by X% against the previous year. Over the period under review, safety glass imports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, safety glass imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, safety glass imports totaled $X in 2018. Overall, the total imports indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, safety glass imports increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Lithuania imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

Canada represented the main importer of safety glass in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2018. Belgium (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). Italy (X tons), Algeria (X tons), Portugal (X tons), Spain (X tons) and Slovakia (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the safety glass imports, with a CAGR of +X% from 2007 to 2018. At the same time, Pakistan (+X%), Slovakia (+X%), Algeria (+X%), Portugal (+X%), Italy (+X%), Belgium (+X%) and Spain (+X%) displayed positive paces of growth. From 2007 to 2018, the share of Canada, Belgium, Pakistan, Italy, Algeria, Portugal and Slovakia increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest safety glass importing markets into Lithuania were Belgium ($X), Canada ($X) and Slovakia ($X), together comprising X% of total imports.

In terms of the main importing countries, Slovakia experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the safety glass import price in Lithuania amounted to $X per kg, shrinking by -X% against the previous year. Overall, the safety glass import price continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Lithuania import price peaked at $X per kg in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Slovakia ($X per kg), while Pakistan ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform