Lithuania: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Lithuania

The Lithuanian market for self-adhesive plastic tape in rolls of a width under 20cm expanded remarkably to $X in 2022, increasing by 12% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Lithuania

In value terms, production of self-adhesive plastic tape in rolls of a width under 20cm expanded remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 197% against the previous year. Over the period under review, production of attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Lithuania

After three years of growth, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm decreased by -14.3% to X tons in 2022. Overall, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2013 with an increase of 37%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm declined slightly to $X in 2022. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 when exports increased by 13% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Lithuania, with a combined 65% share of total exports. Belarus, Germany, Poland and Kazakhstan lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +66.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Latvia ($X) and Estonia ($X) were the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Lithuania worldwide, with a combined 61% share of total exports. Belarus, Poland, Germany and Kazakhstan lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Poland, with a CAGR of +60.9%, 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 self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Lithuania

In 2022, approx. X tons of self-adhesive plastic tape in rolls of a width under 20cm were imported into Lithuania; reducing by -2.9% against the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 46%. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm rose rapidly to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +48.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 72%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to Lithuania, with a combined 66% share of total imports. Latvia, Italy, Spain, Estonia, Turkey, Greece and the UK lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +82.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Lithuania were Poland ($X), Germany ($X) and Latvia ($X), together accounting for 57% of total imports. China, Italy, Estonia, Spain, the UK, Turkey and Greece lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Greece, with a CAGR of +62.9%, recorded the highest growth rate of 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 import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform