Glass Fibre Filament Price in Lithuania - 2023
Contents:
- Glass Fibre Filament Price in Lithuania (CIF) - 2023
- Glass Fibre Filament Price in Lithuania (FOB) - 2022
- Glass Fibre Filament Imports in Lithuania
- Glass Fibre Filament Exports in Lithuania
Glass Fibre Filament Price in Lithuania (CIF) - 2023
In December 2023, the average glass fibre filament import price amounted to $1,086 per ton, shrinking by -11.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 26% m-o-m. Over the period under review, average import prices attained the maximum at $1,455 per ton in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Bahrain ($1,273 per ton) and Germany ($1,260 per ton), while the price for Egypt ($937 per ton) and Latvia ($1,233 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Egypt (-0.2%), while the prices for the other major suppliers experienced a decline.
Glass Fibre Filament Price in Lithuania (FOB) - 2022
In 2022, the average glass fibre filament export price amounted to $3,806 per ton, jumping by 143% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 367% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,366 per ton), while the average price for exports to France ($1,118 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 Denmark (+105.7%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Filament Imports in Lithuania
In 2022, overseas purchases of glass fibre filaments decreased by -10.3% to 9.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, glass fibre filament imports stood at $13M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Glass Fibre Filament in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.4 | 7.0 | 5.5 | 6.1 | -1.6% |
| Egypt | 2.0 | 2.0 | 3.2 | 3.1 | 15.7% |
| Latvia | N/A | N/A | 0.1 | 0.9 | 800.0% |
| United States | 0.2 | 0.2 | 0.1 | 0.8 | 58.7% |
| Belgium | 2.5 | 1.4 | 1.4 | 0.7 | -34.6% |
| Bahrain | N/A | N/A | N/A | 0.6 | 0% |
| China | 0.4 | 2.4 | 0.6 | 0.3 | -9.1% |
| Poland | 0.5 | 0.6 | 0.5 | 0.2 | -26.3% |
| Others | 0.3 | 0.7 | 0.6 | 0.4 | 10.1% |
| Total | 12.3 | 14.2 | 12.0 | 13.1 | 2.1% |
Top Suppliers of Glass Fibre Filament to Lithuania in 2022:
- United Kingdom (4.4K tons)
- Egypt (3.2K tons)
- United States (0.6K tons)
- Bahrain (0.4K tons)
- Belgium (0.4K tons)
- Latvia (0.2K tons)
- China (0.2K tons)
- Poland (0.1K tons)
Glass Fibre Filament Exports in Lithuania
In 2022, after three years of growth, there was significant decline in overseas shipments of glass fibre filaments, when their volume decreased by -38.3% to 279 tons. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 597% against the previous year.
In value terms, glass fibre filament exports soared to $1.1M in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 249%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Glass Fibre Filament in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 245 | 769 | 213.9% |
| United Kingdom | N/A | N/A | N/A | 125 | 0% |
| Latvia | 32.3 | 50.2 | 69.9 | 54.1 | 18.8% |
| Portugal | N/A | N/A | N/A | 38.4 | 0% |
| Finland | N/A | 36.6 | 59.0 | 29.3 | -10.5% |
| Estonia | 6.1 | 57.6 | 18.9 | 26.5 | 63.2% |
| France | N/A | N/A | N/A | 8.0 | 0% |
| Russia | 20.8 | 363 | 251 | 6.8 | -31.1% |
| Norway | 90.3 | 3.9 | N/A | N/A | -95.7% |
| Czech Republic | N/A | 0.4 | 11.9 | N/A | 2875.0% |
| Others | 3.0 | 21.7 | 52.1 | 5.7 | 23.9% |
| Total | 153 | 533 | 708 | 1,063 | 90.8% |
Top Export Markets for Glass Fibre Filament from Lithuania in 2022:
- United States (143.4 tons)
- United Kingdom (41.0 tons)
- Latvia (29.0 tons)
- Portugal (23.2 tons)
- Finland (18.3 tons)
- Estonia (8.8 tons)
- France (7.2 tons)
- Russia (3.8 tons)
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