Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,924 per ton, growing by 7.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($3,379 per ton), while the price for Egypt ($1,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,452 per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $2,579 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($12,549 per ton), while the average price for exports to Estonia ($1,364 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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Lithuania was estimated at 34K tons in 2022, surging by 5.5% on 2021 figures. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 8.7%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) expanded remarkably to $65M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 8.8 | 8.8 | 11.5 | 13.6 | 15.6% |
| United Kingdom | 6.9 | 7.2 | 6.5 | 7.1 | 1.0% |
| Finland | 3.5 | 3.2 | 4.6 | 5.2 | 14.1% |
| Germany | 5.4 | 3.1 | 3.7 | 4.5 | -5.9% |
| Poland | 2.9 | 2.4 | 4.5 | 4.4 | 14.9% |
| China | 6.0 | 6.1 | 3.7 | 4.4 | -9.8% |
| Russia | 2.5 | 2.0 | 1.2 | 3.9 | 16.0% |
| Egypt | 2.8 | 2.3 | 4.0 | 3.8 | 10.7% |
| Latvia | 1.5 | 2.4 | 2.4 | 3.7 | 35.1% |
| Thailand | 0.1 | 0.1 | 1.6 | 3.6 | 230.2% |
| Belgium | 3.2 | 2.7 | 3.5 | 1.7 | -19.0% |
| Others | 4.7 | 6.8 | 9.8 | 9.0 | 24.2% |
| Total | 48.1 | 47.1 | 57.2 | 64.7 | 10.4% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Lithuania in 2022:
- Czech Republic (7.0K tons)
- United Kingdom (4.4K tons)
- Egypt (3.6K tons)
- Finland (3.6K tons)
- China (2.5K tons)
- Poland (2.1K tons)
- Germany (1.9K tons)
- Thailand (1.8K tons)
- Latvia (1.6K tons)
- Russia (1.2K tons)
- Belgium (0.8K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania
In 2022, overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -4.4% to 14K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports attained the peak of 16K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank to $34M in 2022. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 6%. As a result, the exports reached the peak of $40M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.9 | 3.1 | 4.0 | 5.1 | 20.7% |
| Poland | 9.6 | 8.0 | 5.4 | 5.0 | -19.5% |
| Germany | 3.0 | 7.1 | 7.7 | 4.2 | 11.9% |
| Spain | 5.8 | 6.4 | 2.7 | 3.5 | -15.5% |
| Denmark | 0.8 | 3.1 | 3.1 | 2.9 | 53.6% |
| Estonia | 1.4 | 1.3 | 2.5 | 2.5 | 21.3% |
| Latvia | 0.9 | 1.0 | 1.3 | 1.9 | 28.3% |
| France | 1.4 | 1.1 | 0.7 | 1.4 | 0.0% |
| United Kingdom | 2.5 | 2.9 | 2.3 | 1.4 | -17.6% |
| Italy | 0.1 | 0.1 | 0.5 | 0.9 | 108.0% |
| Russia | 4.8 | 3.2 | 2.3 | 0.8 | -45.0% |
| Ireland | 0.1 | 0.1 | 0.3 | 0.6 | 81.7% |
| Netherlands | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 4.0 | 2.1 | 2.7 | 3.7 | -2.6% |
| Total | 37.5 | 39.7 | 35.6 | 34.5 | -2.7% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Lithuania in 2022:
- Poland (2.9K tons)
- Germany (2.5K tons)
- Estonia (1.8K tons)
- Spain (1.7K tons)
- Latvia (1.1K tons)
- United Kingdom (0.7K tons)
- Italy (0.5K tons)
- France (0.5K tons)
- Norway (0.4K tons)
- Netherlands (0.3K tons)
- Denmark (0.3K tons)
- Ireland (0.2K tons)
- Russia (0.1K tons)
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