Lithuania: Flax Fabric Market 2024

Flax Fabric Market Size in Lithuania

In 2022, after seven years of growth, there was significant decline in the Lithuanian flax fabric market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then declined in the following year.

Flax Fabric Production in Lithuania

In value terms, flax fabric production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value 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, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Flax Fabric Exports

Exports from Lithuania

In 2022, approx. X square meters of woven fabrics of flax were exported from Lithuania; growing by X% compared with 2021 figures. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flax fabric exports declined to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X square meters), the UK (X square meters) and Poland (X square meters) were the main destinations of flax fabric exports from Lithuania, with a combined X% share of total exports. Latvia, Japan, Estonia, Ukraine, Russia, the United States, South Korea, Vietnam, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2020 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flax fabric exported from Lithuania were the UK ($X), France ($X) and Poland ($X), with a combined X% share of total exports. Latvia, Japan, Estonia, Ukraine, the United States, South Korea, Russia, Vietnam, the Netherlands and Finland lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 flax fabric export price stood at $X per square meter in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when the average export price decreased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per square meter) and the United States ($X per square meter), while the average price for exports to France ($X per square meter) and Finland ($X per square meter) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced a decline.

Flax Fabric Imports

Imports into Lithuania

For the eleventh year in a row, Lithuania recorded growth in overseas purchases of woven fabrics of flax, which increased by X% to X square meters in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flax fabric imports dropped to $X in 2022. In general, imports enjoyed a remarkable increase. 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 shrank in the following year.

Imports by Country

Belarus (X square meters), China (X square meters) and the Netherlands (X square meters) were the main suppliers of flax fabric imports to Lithuania, together comprising X% of total imports.

From 2020 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), China ($X) and the Netherlands ($X) appeared to be the largest flax fabric suppliers to Lithuania, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average flax fabric import price amounted to $X per square meter, reducing by X% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then declined significantly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :