Lithuania: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Lithuania

The Lithuanian rubber-to-metal and moulded article market shrank to $X in 2022, waning by X% against the previous year. In general, consumption showed a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Lithuania

In value terms, rubber-to-metal and moulded article production soared to $X in 2022 estimated in export price. Overall, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Rubber-to-metal and moulded article production peaked in 2022 and is expected to retain growth in years to come.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Lithuania

In 2022, shipments abroad of rubber-to-metal and moulded articles increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, rubber-to-metal and moulded article exports rose remarkably to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for rubber-to-metal and moulded article exports from Lithuania, with a X% share of total exports. Moreover, rubber-to-metal and moulded article exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. Kyrgyzstan (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Sweden ($X), the Netherlands ($X) and Latvia ($X) were the largest markets for rubber-to-metal and moulded article exported from Lithuania worldwide, with a combined X% share of total exports. Russia, Poland, Estonia, Kazakhstan, Finland, Kyrgyzstan, Romania, Germany, Hungary and Australia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Australia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average rubber-to-metal and moulded article export price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 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 the Netherlands ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

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

Imports of Rubber-to-Metal and Moulded Articles

Imports into Lithuania

Rubber-to-metal and moulded article imports into Lithuania expanded modestly to X tons in 2022, with an increase of X% compared with 2021. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, rubber-to-metal and moulded article imports expanded slightly to $X in 2022. Overall, total imports indicated a strong 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 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Lithuania, with a combined X% share of total imports. Turkey, Italy, China and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest rubber-to-metal and moulded article suppliers to Lithuania were Germany ($X), Poland ($X) and Sweden ($X), together comprising X% of total imports. Italy, Turkey, the Netherlands and China lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to 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 rubber-to-metal and moulded article import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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