Lithuania: Glass Market 2020

Glass Market Size in Lithuania

The revenue of the glass market in Lithuania amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, glass consumption, however, continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Lithuania glass consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Glass Exports

Exports from Lithuania

In 2018, approx. X square meters of drawn glass and blown glass were exported from Lithuania; going up by X% against the previous year. Over the period under review, glass exports, however, continue to indicate a significant setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Lithuania exports peaked at X square meters in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, glass exports amounted to $X in 2018. In general, glass exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, glass exports reached their peak of $X. From 2009 to 2018, the growth of glass exports failed to regain its momentum.

Exports by Country

The countries with the highest levels of glass exports in 2018 were Saudi Arabia (X square meters), Japan (X square meters) and China (X square meters), together resulting at X% of total export. The U.S. (X square meters) held a X% share (based on tons) of total exports, which put it in second place, followed by China, Hong Kong SAR (X%). The following exporters - Iran (X square meters) and South Korea (X square meters) - each resulted at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest glass supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the glass export price in Lithuania amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the glass export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. In that year, the export prices for drawn glass and blown glass attained their peak level of $X per square meter. From 2012 to 2018, the growth in terms of the export prices for drawn glass and blown glass remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Glass Imports

Imports into Lithuania

In 2018, the amount of drawn glass and blown glass imported into Lithuania amounted to X square meters, jumping by X% against the previous year. Over the period under review, glass imports, however, continue to indicate a moderate curtailment. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, glass imports attained their peak figure at X square meters in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, glass imports totaled $X in 2018. In general, glass imports, however, continue to indicate a drastic curtailment. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Lithuania imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X square meters) and South Korea (X square meters) were the largest importers of drawn glass and blown glassin the world, together comprising X% of total imports. Taiwan, Chinese (X square meters) ranks next in terms of the total imports with a X% share, followed by Mongolia (X%), Qatar (X%) and Brazil (X%). Armenia (X square meters), China, Hong Kong SAR (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters) and the U.S. (X square meters) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports.

Taiwan, Chinese experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass import price in Lithuania stood at $X per square meter in 2018, shrinking by -X% against the previous year. Overall, the glass import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. Lithuania import price peaked at $X per square meter in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per square meter), while Mongolia ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform