Lithuania: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Lithuania

After five years of growth, the Lithuanian market for aluminium casks, drums, cans, boxes and similar containers decreased by X% to $X in 2022. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Lithuania

In value terms, production of aluminium casks, drums, cans, boxes and similar containers totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production of attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from Lithuania

After two years of decline, shipments abroad of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units in 2022. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers surged to $X in 2022. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X units), Russia (X units) and Sweden (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from Lithuania, together accounting for X% of total exports. Belarus, Uzbekistan, Kazakhstan, Estonia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium cask, drum, can, box and similar container exported from Lithuania were Russia ($X), Latvia ($X) and Belarus ($X), together comprising X% of total exports. Sweden, Uzbekistan, Kazakhstan, Estonia and Germany lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, 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

In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into Lithuania

Imports of aluminium casks, drums, cans, boxes and similar containers into Lithuania shrank to X units in 2022, which is down by X% on the previous year. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers declined to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Finland (X units) constituted the largest aluminium cask, drum, can, box and similar container supplier to Lithuania, with a X% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Finland exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. Estonia (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Estonia (X% per year).

In value terms, Finland ($X), Poland ($X) and Estonia ($X) were the largest aluminium cask, drum, can, box and similar container suppliers to Lithuania, with a combined X% share of total imports.

Estonia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Estonia ($X per unit) and Poland ($X per unit), while the price for Sweden ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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