Lithuania: Synthetic Filament Tow Market 2024

Synthetic Filament Tow Market Size in Lithuania

In 2022, the Lithuanian synthetic filament tow market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Synthetic Filament Tow Production in Lithuania

In value terms, synthetic filament tow production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Synthetic filament tow production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Synthetic Filament Tow Exports

Exports from Lithuania

For the fourth consecutive year, Lithuania recorded growth in shipments abroad of synthetic filament tow and staple fibers, not carded or combed, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic filament tow exports surged to $X in 2022. Overall, exports saw a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Poland (X tons), Estonia (X tons) and the Czech Republic (X tons) were the main destinations of synthetic filament tow exports from Lithuania, together comprising X% of total exports. Romania, Germany, Ukraine, Latvia, Finland, Italy, Spain, Bosnia and Herzegovina and France lagged somewhat behind, together accounting for 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 Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Lithuania were Poland ($X), Estonia ($X) and the Czech Republic ($X), with a combined X% share of total exports. Germany, Romania, Ukraine, Latvia, Finland, Italy, Bosnia and Herzegovina, Spain and France lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, saw 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 synthetic filament tow export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and Romania ($X per ton) were amongst the lowest.

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

Synthetic Filament Tow Imports

Imports into Lithuania

In 2022, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported into Lithuania; surging by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, synthetic filament tow imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the near future.

Imports by Country

China (X tons), South Korea (X tons) and Nigeria (X tons) were the main suppliers of synthetic filament tow imports to Lithuania, together accounting for X% of total imports. Uzbekistan, Belgium, Belarus, Taiwan (Chinese), South Africa, Poland, Bulgaria, the UK, Japan and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of X.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of synthetic filament tow and staple fibers, not carded or combed to Lithuania, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Belgium (X% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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