Lithuania: Plastic Bottle Market 2024

Plastic Bottle Market Size in Lithuania

The Lithuanian plastic bottle market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a noticeable contraction. Plastic bottle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Bottle Production in Lithuania

In value terms, plastic bottle production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Plastic Bottle Exports

Exports from Lithuania

In 2022, overseas shipments of carboys, bottles and similar articles of plastics decreased by X% to X tons, falling for the fourth year in a row after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic bottle exports skyrocketed to $X in 2022. Overall, total exports indicated a perceptible 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons), Poland (X tons) and Finland (X tons) were the main destinations of plastic bottle exports from Lithuania, together accounting for X% of total exports. Sweden, Norway, Latvia, Estonia, Denmark, Ukraine, the Netherlands, Austria, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic bottle exported from Lithuania were Germany ($X), Poland ($X) and Finland ($X), together accounting for X% of total exports. Sweden, Norway, Latvia, Denmark, Estonia, the Netherlands, Ukraine, Austria, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic bottle export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per ton) and Sweden ($X per ton), while the average price for exports to Poland ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Plastic Bottle Imports

Imports into Lithuania

Plastic bottle imports into Lithuania dropped to X tons in 2022, shrinking by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, plastic bottle imports fell notably to $X in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of plastic bottle imports to Lithuania, with a combined X% share of total imports. The Czech Republic, Estonia, Norway, Belgium, France, Ukraine, Italy and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Germany ($X) and Latvia ($X) constituted the largest plastic bottle suppliers to Lithuania, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average plastic bottle import price amounted to $X per ton, dropping by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price 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, plastic bottle import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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