Lithuania: Plastic Support Market 2024

Plastic Support Market Size in Lithuania

The Lithuanian plastic support market skyrocketed to $X in 2022, with an increase of 15% against the previous year. Overall, consumption, however, recorded a deep contraction. Plastic support consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in Lithuania

In value terms, plastic support production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 419% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Lithuania

In 2022, the amount of spools, cops and similar supports of plastics exported from Lithuania expanded modestly to X tons, with an increase of 2% on 2021. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic support exports soared to $X in 2022. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 59% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of plastic support exports from Lithuania, together accounting for 33% of total exports. Poland, Russia, the Netherlands, the Czech Republic, Norway, Mali, Denmark, Latvia, France and Estonia lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +159.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic support exported from Lithuania were Russia ($X), Germany ($X) and Sweden ($X), together accounting for 34% of total exports. Finland, Poland, the Netherlands, Denmark, the Czech Republic, Norway, Mali, France, Latvia and Estonia lagged somewhat behind, together accounting for a further 44%.

France, with a CAGR of +96.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average plastic support export price stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, 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 (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Lithuania

Plastic support imports into Lithuania reduced to X tons in 2022, waning by -10.1% against the previous year's figure. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 50% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic support imports expanded slightly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.9% 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 +28.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of plastic support to Lithuania, accounting for a 44% share of total imports. Moreover, plastic support imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and Italy (+12.0% per year).

In value terms, Poland ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Lithuania, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.2% per year) and Italy (+17.9% per year).

Import Prices by Country

The average plastic support import price stood at $X per ton in 2022, increasing by 17% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support import price increased by +39.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform