Lithuania: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Lithuania

The Lithuanian polyethylene in primary forms market fell to $X in 2022, reducing 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). In general, consumption, however, saw a relatively flat trend pattern. Polyethylene in primary forms consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Lithuania

In 2022, approx. X tons of polyethylene in primary forms were exported from Lithuania; reducing by X% on 2021 figures. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, polyethylene in primary forms exports dropped notably to $X in 2022. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Poland (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of polyethylene in primary forms exports from Lithuania, together accounting for X% of total exports. Sweden, Germany, Italy, Finland, Belarus and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and Estonia ($X) appeared to be the largest markets for polyethylene in primary forms exported from Lithuania worldwide, with a combined X% share of total exports. Sweden, Italy, Germany, Belarus, Finland and Russia lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Germany ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Lithuania

In 2022, the amount of polyethylene in primary forms imported into Lithuania fell markedly to X tons, with a decrease of X% on the previous year's figure. Overall, total imports indicated a pronounced 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, polyethylene in primary forms imports dropped significantly to $X in 2022. Over the period under review, imports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of polyethylene in primary forms imports to Lithuania, together comprising X% of total imports. Qatar, the UK, Russia, Estonia, Poland, Latvia, the United States, France, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest polyethylene in primary forms suppliers to Lithuania were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports. Qatar, the UK, Russia, Estonia, Latvia, Poland, the United States, France, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to 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 polyethylene in primary forms import price amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and Qatar ($X per ton) were 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