Lithuania: Soap Market 2020

Soap Market Size in Lithuania

The revenue of the soap market in Lithuania amounted to $X in 2017, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the soap market reached its maximum level in 2017, and is likely to see steady growth in the near future.

Soap Production in Lithuania

In value terms, soap production totaled $X in 2017 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. Soap production peaked at $X in 2014; however, from 2015 to 2017, production stood at a somewhat lower figure.

Soap Exports

Exports from Lithuania

Soap exports from Lithuania totaled X tons in 2017, increasing by X% against the previous year. Over the period under review, the total exports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the soap exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2013, when exports increased by X% year-to-year. In that year, soap exports attained their peak of X tons. From 2014 to 2017, the growth of soap exports failed to regain its momentum.

In value terms, soap exports stood at $X in 2017. Over the period under review, soap exports continue to indicate a prominent growth. The growth pace was the most rapid in 2013, with an increase of X% against the previous year. In that year, soap exports reached their peak of $X. From 2014 to 2017, the growth of soap exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for soap exports from Lithuania, accounting for a X% share of total exports. Moreover, soap exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), fivefold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Latvia (-X% per year).

In value terms, Russia ($X) remains the key foreign market for soap exports from Lithuania, comprising X% of total soap exports. The second position in the ranking was occupied by Latvia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2017, the average soap export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. Export price peaked at $X per ton in 2014; however, from 2015 to 2017, export prices stood at a somewhat lower figure.

Export prices varied noticeably by the country of destination; the country with the highest export price was Russia ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Denmark, while the export prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Lithuania

In 2017, the amount of soap imported into Lithuania totaled X tons, jumping by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013, when imports increased by X% against the previous year. Over the period under review, soap imports reached their peak figure in 2017, and are likely to see steady growth in the near future.

In value terms, soap imports stood at $X in 2017. The total import value increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013, when imports increased by X% against the previous year. Over the period under review, soap imports attained their maximum in 2017, and are likely to see steady growth in the near future.

Imports by Country

In 2017, Poland (X tons) constituted the largest soap supplier to Lithuania, with a X% share of total imports. Moreover, soap imports from Poland exceeded the figures recorded by the second largest supplier, the UK (X tons), threefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of soap to Lithuania, comprising X% of total soap imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and France (+X% per year).

Import Prices by Country

In 2017, the average soap import price amounted to $X per ton, surging by X% against the previous year. In general, the soap import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when the average import price increased by X% against the previous year. In that year, the average import prices for soap attained their peak level of $X per ton. From 2012 to 2017, the growth in terms of the average import prices for soap remained at a somewhat lower figure.

Import prices varied noticeably by the country of origin; the country with the highest import price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Germany, while the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform