Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (CIF) - 2023
In November 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,630 per ton, with a decrease of -14.5% against the previous month. Over the period under review, the import price saw a mild contraction. The growth pace was the most rapid in January 2023 an increase of 21% against the previous month. The import price peaked at $3,563 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Switzerland ($4,324 per ton), while the price for Poland ($1,127 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (FOB) - 2023
In November 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $5,412 per ton, picking up by 19% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The export price peaked at $5,720 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($18,160 per ton), while the average price for exports to Estonia ($2,233 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania
In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Lithuania rose significantly to 15K tons, growing by 11% against 2021 figures. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $44M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.3 | 8.0 | 11.7 | 14.9 | 26.8% |
| Italy | 4.9 | 3.7 | 5.5 | 9.5 | 24.7% |
| Poland | 3.6 | 3.8 | 4.6 | 4.6 | 8.5% |
| Switzerland | 1.9 | 2.3 | 2.1 | 2.9 | 15.1% |
| Estonia | 2.1 | 1.8 | 2.8 | 2.5 | 6.0% |
| Finland | 1.2 | 1.3 | 1.9 | 1.9 | 16.6% |
| Sweden | 0.5 | 0.9 | 1.1 | 1.6 | 47.4% |
| Netherlands | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Others | 3.8 | 3.4 | 3.7 | 6.1 | 17.1% |
| Total | 25.4 | 25.5 | 33.7 | 44.4 | 20.5% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Lithuania in 2022:
- Germany (5.1K tons)
- Poland (2.7K tons)
- Italy (2.1K tons)
- Estonia (1.4K tons)
- Finland (0.8K tons)
- Switzerland (0.7K tons)
- Netherlands (0.5K tons)
- Sweden (0.5K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania
In 2022, approx. 3.4K tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from Lithuania; growing by 41% against the previous year's figure. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $15M in 2022. Overall, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.4 | 4.4 | 5.3 | 9.1 | 19.0% |
| Belarus | 1.9 | 1.5 | 1.8 | 1.8 | -1.8% |
| Latvia | 0.9 | 1.1 | 1.1 | 1.1 | 6.9% |
| Kazakhstan | 0.2 | 0.2 | 0.1 | 0.8 | 58.7% |
| Armenia | N/A | N/A | N/A | 0.6 | 0% |
| Uzbekistan | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Estonia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 0.3 | 0.3 | 0.5 | 0.9 | 44.2% |
| Total | 8.9 | 7.8 | 9.2 | 15.2 | 19.5% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Lithuania in 2022:
- Russia (2095.5 tons)
- Belarus (383.7 tons)
- Latvia (287.2 tons)
- Kazakhstan (225.8 tons)
- Uzbekistan (92.5 tons)
- Armenia (67.0 tons)
- Estonia (61.6 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Lithuania.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Lithuania.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
