Lithuania: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in Lithuania

The Lithuanian polyolefins other than polypropylene market contracted notably to $X in 2022, with a decrease of 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). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Exports of Polyolefins other than Polypropylene

Exports from Lithuania

In 2022, approx. X tons of polyolefins other than polypropylene were exported from Lithuania; declining by X% compared with the year before. In general, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polyolefins other than polypropylene exports declined significantly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Poland (X tons), Belarus (X tons) and Estonia (X tons) were the main destinations of polyolefins other than polypropylene exports from Lithuania, together comprising X% of total exports.

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

In value terms, the largest markets for polyolefins other than polypropylene exported from Lithuania were Belarus ($X), Estonia ($X) and Poland ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Estonia, 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

The average polyolefins other than polypropylene export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Imports of Polyolefins other than Polypropylene

Imports into Lithuania

Polyolefins other than polypropylene imports into Lithuania dropped significantly to X tons in 2022, falling by X% compared with the previous year. Overall, imports showed a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, polyolefins other than polypropylene imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of polyolefins other than polypropylene imports to Lithuania, together accounting for X% of total imports. Sweden, the Netherlands, Hungary, the United Arab Emirates, Spain, Latvia, France, South Korea, Italy and Slovakia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of polyolefins other than polypropylene to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Sweden (X% per year).

Import Prices by Country

The average polyolefins other than polypropylene import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform