Report Update: May 1, 2024

Lithuania - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends And Insights

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Glass Fibre Mat Price in Lithuania - 2022

Glass Fibre Mat Price in Lithuania (CIF) - 2022

In December 2021, the average glass fibre mat import price amounted to $2,528 per ton, increasing by 12% against the previous month. In general, import price indicated a perceptible increase from January 2021 to December 2021: its price increased at an average monthly rate of +4.9% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, glass fibre mat import price increased by +32.4% against October 2021 indices. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 32% m-o-m. The import price peaked at $2,828 per ton in June 2021; however, from July 2021 to December 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Germany ($16,965 per ton), while the price for the Czech Republic ($1,798 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Glass Fibre Mat Price in Lithuania (FOB) - 2022

The average glass fibre mat export price stood at $3,548 per ton in 2022, growing by 15% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,181 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($10,079 per ton), while the average price for exports to Estonia ($2,059 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 Germany (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports in Lithuania

Glass fibre mat imports into Lithuania contracted remarkably to 965 tons in 2022, reducing by -17.2% compared with 2021. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports reached the peak of 1.2K tons, and then declined significantly in the following year.

In value terms, glass fibre mat imports declined markedly to $1.9M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 90%. As a result, imports attained the peak of $2.5M, and then contracted significantly in the following year.

Import of Glass Fibre Mat in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	498	188	612	480	-1.2%
Germany	41.8	73.6	408	320	97.1%
Czech Republic	228	273	373	293	8.7%
Poland	251	249	339	266	2.0%
Thailand	88.3	139	180	141	16.9%
Estonia	66.3	31.5	160	125	23.5%
Spain	4.8	0.7	138	108	182.3%
Turkey	103	140	95.4	87.2	-5.4%
Latvia	93.5	6.4	8.2	27.8	-33.3%
Belgium	N/A	183	23.9	N/A	-86.9%
Others	173	50.8	199	88.2	-20.1%
Total	1,547	1,335	2,538	1,936	7.8%

Top Suppliers of Glass Fibre Mat to Lithuania in 2022:

Egypt (319.6 tons)
Czech Republic (187.9 tons)
Poland (142.4 tons)
Thailand (75.8 tons)
Turkey (57.6 tons)
Estonia (54.7 tons)
Spain (51.7 tons)
Germany (39.3 tons)
Latvia (10.8 tons)

Glass Fibre Mat Exports in Lithuania

After three years of growth, overseas shipments of glass fibre mats decreased by -15% to 216 tons in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 58% against the previous year.

In value terms, glass fibre mat exports contracted modestly to $765K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year.

Export of Glass Fibre Mat in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	20.8	43.3	240	327	150.5%
Latvia	27.5	24.2	150	204	95.0%
Kazakhstan	191	13.6	13.1	97.3	-20.1%
Russia	114	40.4	12.1	74.3	-13.3%
Ukraine	16.0	18.3	28.4	38.6	34.1%
Estonia	5.8	7.0	4.2	7.6	9.4%
Spain	N/A	558	320	N/A	-42.7%
Others	17.8	39.2	17.4	16.2	-3.1%
Total	393	744	785	765	24.9%

Top Export Markets for Glass Fibre Mat from Lithuania in 2022:

Poland (93.9 tons)
Latvia (79.8 tons)
Kazakhstan (17.4 tons)
Russia (13.9 tons)
Ukraine (3.8 tons)
Estonia (3.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the glass fibre mat market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141162 - Glass fibre mats made of filaments
Prodcom 23141217 - Glass fibre mats made of glass wool
Prodcom 23141210 -
Prodcom 23141220 -

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023