Lithuania: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Lithuania

In 2022, after two years of growth, there was significant decline in the Lithuanian rolled bitumen articles market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Rolled Bitumen Articles Production in Lithuania

In value terms, rolled bitumen articles production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Rolled bitumen articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports from Lithuania

In 2022, approx. X square meters of articles of bitumen in rolls were exported from Lithuania; increasing by X% compared with 2021 figures. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports totaled $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X square meters) was the main destination for rolled bitumen articles exports from Lithuania, accounting for a X% share of total exports. Moreover, rolled bitumen articles exports to Estonia exceeded the volume sent to the second major destination, Latvia (X square meters), threefold. The third position in this ranking was taken by Colombia (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Colombia (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for articles of bitumen in rolls exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with an X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Iceland (X% per year).

Export Prices by Country

In 2022, the average rolled bitumen articles export price amounted to $X per square meter, falling by X% against the previous year. Over the period under review, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Lithuania

In 2022, after two years of growth, there was significant decline in overseas purchases of articles of bitumen in rolls, when their volume decreased by X% to X square meters. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X square meters in 2021, and then fell in the following year.

In value terms, rolled bitumen articles imports dropped to $X in 2022. In general, total imports indicated a slight expansion 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Russia (X square meters), Poland (X square meters) and Belarus (X square meters) were the main suppliers of rolled bitumen articles imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Poland ($X) and Belarus ($X) appeared to be the largest rolled bitumen articles suppliers to Lithuania, with a combined X% share of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average rolled bitumen articles import price amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per square meter), while the price for Belarus ($X per square meter) was 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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