Lithuania: Cotton Table Linen Market 2024

Cotton Table Linen Market Size in Lithuania

In 2022, the Lithuanian cotton table linen market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a perceptible slump. Cotton table linen consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cotton Table Linen Production in Lithuania

In value terms, cotton table linen production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a measured increase. The pace of growth was the most pronounced in 2021 when the production volume increased by 264%. Cotton table linen production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cotton Table Linen Exports

Exports from Lithuania

After three years of decline, shipments abroad of table linen of cotton increased by 4% to X tons in 2022. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 215% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton table linen exports fell to $X in 2022. Over the period under review, exports saw a noticeable increase. The pace of growth was the most pronounced in 2018 with an increase of 116% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons), the UK (X tons) and Russia (X tons) were the main destinations of cotton table linen exports from Lithuania, together accounting for 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +218.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton table linen exported from Lithuania were the UK ($X), Russia ($X) and Estonia ($X), with a combined 64% share of total exports.

The UK, with a CAGR of +392.3%, saw 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

The average cotton table linen export price stood at $X per ton in 2022, which is down by -12.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 30%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Estonia ($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 the UK (+54.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Table Linen Imports

Imports into Lithuania

In 2022, supplies from abroad of table linen of cotton increased by 20% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton table linen imports surged to $X in 2022. Over the period under review, imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2015 when imports increased by 151%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of cotton table linen to Lithuania, accounting for a 48% share of total imports. Moreover, cotton table linen imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and France (+33.1% per year).

In value terms, Poland ($X), Germany ($X) and Spain ($X) were the largest cotton table linen suppliers to Lithuania, with a combined 69% share of total imports.

Among the main suppliers, Spain, with a CAGR of +33.3%, saw 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 cotton table linen import price amounted to $X per ton, waning by -2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform