Report Update: May 1, 2024

Lithuania - Unvulcanized Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Unvulcanized Rubber Price in Lithuania - 2023

Unvulcanized Rubber Price in Lithuania (FOB) - 2023

The average unvulcanized rubber export price stood at $3,958 per ton in September 2023, jumping by 15% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $4,202 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Belarus ($6,654 per ton), while the average price for exports to Chile ($2,629 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Price in Lithuania (CIF) - 2023

In September 2023, the average unvulcanized rubber import price amounted to $4,491 per ton, reducing by -9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 48% month-to-month. As a result, import price attained the peak level of $6,316 per ton. From May 2023 to September 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,277 per ton), while the price for China ($1,011 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Unvulcanized Rubber Exports in Lithuania

Unvulcanized rubber exports from Lithuania surged to 10K tons in 2022, picking up by 43% against the previous year's figure. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, unvulcanized rubber exports surged to $45M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Unvulcanized Rubber in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	N/A	N/A	2.3	10.5	356.5%
Chile	N/A	N/A	3.0	5.9	96.7%
Sweden	3.5	3.5	4.6	5.3	14.8%
Russia	12.3	9.4	11.4	3.5	-34.2%
Australia	N/A	N/A	2.0	2.7	35.0%
Belarus	1.1	1.1	1.0	2.6	33.2%
Peru	N/A	N/A	0.7	2.4	242.9%
India	N/A	N/A	1.0	1.9	90.0%
Brazil	N/A	N/A	0.7	1.4	100.0%
Estonia	0.9	1.0	1.1	1.2	10.1%
Latvia	0.9	0.8	1.0	1.0	3.6%
Poland	0.9	0.8	0.9	0.9	0.0%
Hungary	1.0	0.5	0.7	0.5	-20.6%
Others	2.6	2.9	3.7	5.0	24.4%
Total	23.1	20.1	34.1	44.8	24.7%

Top Export Markets for Unvulcanized Rubber from Lithuania in 2022:

Chile (2058.4 tons)
Mexico (1893.3 tons)
Sweden (931.5 tons)
Peru (888.3 tons)
India (695.8 tons)
Australia (504.1 tons)
Brazil (499.4 tons)
Belarus (490.4 tons)
Russia (480.5 tons)
Latvia (362.8 tons)
Poland (294.7 tons)
Estonia (242.8 tons)
Hungary (93.3 tons)

Unvulcanized Rubber Imports in Lithuania

In 2022, supplies from abroad of unvulcanized rubber and articles thereof decreased by -9% to 6.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 7.6%. As a result, imports attained the peak of 7.6K tons, and then reduced in the following year.

In value terms, unvulcanized rubber imports declined notably to $31M in 2022. Overall, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of $36M, and then shrank remarkably in the following year.

Import of Unvulcanized Rubber in Lithuania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	7.9	8.6	10.5	7.2	-3.0%
Germany	5.6	5.8	6.8	5.0	-3.7%
Poland	2.2	2.4	3.0	3.4	15.6%
Italy	4.2	1.1	3.7	2.9	-11.6%
Belgium	2.6	2.6	1.4	2.5	-1.3%
Netherlands	1.6	0.9	1.1	1.1	-11.7%
China	0.7	0.9	0.7	1.1	16.3%
Czech Republic	1.3	1.5	1.3	1.0	-8.4%
Latvia	0.5	0.6	0.6	0.9	21.6%
France	0.6	0.9	0.8	0.8	10.1%
United Arab Emirates	N/A	N/A	N/A	0.6	0%
Turkey	0.6	0.6	0.9	0.5	-5.9%
Others	4.1	4.6	5.5	3.7	-3.4%
Total	32.0	30.6	36.3	30.7	-1.4%

Top Suppliers of Unvulcanized Rubber to Lithuania in 2022:

Sweden (1263.8 tons)
Poland (1014.2 tons)
Germany (944.2 tons)
China (863.8 tons)
Belgium (663.8 tons)
Italy (537.6 tons)
United Arab Emirates (288.9 tons)
Czech Republic (179.3 tons)
Netherlands (143.4 tons)
Latvia (133.7 tons)
Turkey (126.8 tons)
France (118.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unvulcanized rubber 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 22192013 - Rubber compounded with carbon black or silica, unvulcanised
Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
Prodcom 22192050 - Vulcanised rubber thread and cord
Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
Prodcom 22192087 - Extruded solid rubber rods and profiles

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