Lithuania: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Lithuania

For the fourth consecutive year, the Lithuanian lamp plastic parts market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, saw a slight setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Production in Lithuania

In value terms, lamp plastic parts production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Lamp plastic parts production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports from Lithuania

In 2022, the amount of plastic parts for lamps and lighting fittings exported from Lithuania contracted notably to X tons, which is down by X% against the year before. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped notably in the following year.

In value terms, lamp plastic parts exports reduced notably to $X in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Germany (X tons), Estonia (X tons) and Hungary (X tons) were the main destinations of lamp plastic parts exports from Lithuania, together accounting for X% of total exports.

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

In value terms, the largest markets for lamp plastic parts exported from Lithuania were Germany ($X), Russia ($X) and Estonia ($X), with a combined X% share of total exports. Hungary, Finland, the United States and Belarus lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded 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

The average lamp plastic parts export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. 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 Russia ($X per ton), while the average price for exports to Hungary ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Lamp Plastic Parts Imports

Imports into Lithuania

In 2022, overseas purchases of plastic parts for lamps and lighting fittings increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated a remarkable increase 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 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, lamp plastic parts imports surged 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest lamp plastic parts supplier to Lithuania, accounting for a X% share of total imports. Moreover, lamp plastic parts imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Italy ($X), Poland ($X) and the Czech Republic ($X) appeared to be the largest lamp plastic parts suppliers to Lithuania, together accounting for X% of total imports. China, Spain, Belarus and Portugal lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belarus, with a CAGR of X%, saw 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 lamp plastic parts import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Belarus ($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 mixed trend patterns.

Source: IndexBox Platform

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