Lithuania: Glass Fiber Market 2020

Glass Fiber Market Size in Lithuania

The revenue of the glass fiber market in Lithuania amounted to $X in 2018, coming down by -X% against the previous year. Overall, glass fiber consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, the glass fiber market reached its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Glass Fiber Production in Lithuania

In value terms, glass fiber production amounted to $X in 2018 estimated in export prices. Over the period under review, glass fiber production continues to indicate remarkable growth. The pace of growth appeared the most rapid in 2012 when production volume increased by X% against the previous year. Over the period under review, glass fiber production attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Glass Fiber Exports

Exports from Lithuania

In 2018, the exports of voiles, webs, mats and other articles of glass fibers from Lithuania stood at X tons, jumping by X% against the previous year. Over the period under review, glass fiber exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, glass fiber exports totaled $X in 2018. Over the period under review, glass fiber exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), Belgium (X tons), Germany (X tons), the UK (X tons) and Russia (X tons) were the main exporters of voiles, webs, mats and other articles of glass fibers, together comprising X% of total exports. The Czech Republic (X tons), France (X tons), Poland (X tons), Canada (X tons), Spain (X tons) and the Netherlands (X tons) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to glass fiber exports from China stood at +X%. At the same time, Russia (+X%), the UK (+X%), France (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Russia (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Belgium (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass fiber markets from Lithuania were China ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total exports. The UK, France, Belgium, the Netherlands, Canada, Spain, the Czech Republic, Poland, Russia and Lithuania lagged somewhat behind, together comprising a further X the main exporting countries, Lithuania experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass fiber export price in Lithuania stood at $X per ton in 2018, shrinking by -X% against the previous year. Over the period under review, the glass fiber export price continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2008 when the export price increased by X% against the previous year. Over the period under review, the export prices for voiles, webs, mats and other articles of glass fibers attained their maximum at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Glass Fiber Imports

Imports into Lithuania

In 2018, the imports of voiles, webs, mats and other articles of glass fibers into Lithuania stood at X tons, growing by X% against the previous year. Overall, glass fiber imports continue to indicate a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Lithuania imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, glass fiber imports totaled $X in 2018. In general, glass fiber imports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Lithuania imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. (X tons), France (X tons) and Germany (X tons) represented roughly X% of total imports of voiles, webs, mats and other articles of glass fibers in 2018. Mexico (X tons), Canada (X tons), Poland (X tons), Japan (X tons), Spain (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Japan, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Mexico, Canada, Denmark, Japan, the UK, Spain, Poland, the Netherlands, the Czech Republic and Lithuania lagged somewhat behind, together accounting for a further X the main importing countries, Mexico 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

The glass fiber import price in Lithuania stood at $X per ton in 2018, picking up by X% against the previous year. In general, the glass fiber import price, however, continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the import prices for voiles, webs, mats and other articles of glass fibers reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for voiles, webs, mats and other articles of glass fibers remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform