Lithuania: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Lithuania

The Lithuanian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X in 2022, after five years of decline. In general, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Lithuania

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Lithuania

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Lithuania amounted to X tons in 2016, picking up by X% on 2015. The total export volume increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped slightly to $X in 2016. Overall, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Lithuania, accounting for a X% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Poland exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2016, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2016, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and the UK ($X per ton), while the average price for exports to Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Lithuania

In 2016, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach X tons for the first time since 2012, thus ending a three-year declining trend. Overall, imports, however, saw a deep reduction. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2016. In general, imports, however, showed a abrupt setback. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2016, imports failed to regain momentum.

Imports by Country

Latvia (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Lithuania, together comprising X% of total imports. South Korea, the Netherlands, Poland, Belgium and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2016, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Germany ($X) and Sweden ($X) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Lithuania, together comprising X% of total imports. The Netherlands, South Korea, Poland, Belgium and Russia lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2013 when the average import price decreased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform