Price for Knitted or Crocheted Pile Fabrics in Lithuania - 2024

Contents:

1. Price for Knitted or Crocheted Pile Fabrics in Lithuania (CIF) - 2022
2. Price for Knitted or Crocheted Pile Fabrics in Lithuania (FOB) - 2022
3. Imports of Knitted or Crocheted Pile Fabrics in Lithuania
4. Exports of Knitted or Crocheted Pile Fabrics in Lithuania

Price for Knitted or Crocheted Pile Fabrics in Lithuania (CIF) - 2022

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $11,319 per ton, increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 108% against the previous year. Over the period under review, average import prices attained the maximum at $13,695 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($45,637 per ton), while the price for China ($6,992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knitted or Crocheted Pile Fabrics in Lithuania (FOB) - 2022

The average export price for knitted or crocheted pile fabricses stood at $12,816 per ton in 2022, rising by 8% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted or crocheted pile fabrics export price increased by +9.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Norway ($58,514 per ton), while the average price for exports to the Czech Republic ($3,065 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 Norway (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Knitted or Crocheted Pile Fabrics in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of knitted or crocheted pile fabricses, when their volume decreased by -14.8% to 772 tons. The total import volume increased at an average annual rate of +5.1% from 2019 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 2021 when imports increased by 33%. As a result, imports attained the peak of 906 tons, and then reduced in the following year.

In value terms, knitted or crocheted pile fabrics imports contracted to $8.7M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $10M, and then contracted in the following year.

Top Suppliers of Knitted or Crocheted Pile Fabrics to Lithuania in 2022:

1. China (399.9 tons)
2. Poland (179.4 tons)
3. Netherlands (58.1 tons)
4. Germany (43.5 tons)
5. Italy (35.9 tons)
6. Spain (8.6 tons)
7. United Kingdom (4.1 tons)

Exports of Knitted or Crocheted Pile Fabrics in Lithuania

In 2022, approx. 358 tons of knitted or crocheted pile fabricses were exported from Lithuania; surging by 2.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, knitted or crocheted pile fabrics exports stood at $4.6M in 2022. The total export value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Knitted or Crocheted Pile Fabrics from Lithuania in 2022:

1. Sweden (81.8 tons)
2. Estonia (75.5 tons)
3. Latvia (32.5 tons)
4. Russia (30.3 tons)
5. Poland (24.0 tons)
6. Czech Republic (21.0 tons)
7. Ukraine (14.8 tons)
8. Norway (14.6 tons)
9. Romania (13.3 tons)
10. Spain (11.6 tons)
11. New Zealand (9.8 tons)
12. Germany (5.3 tons)

Source: IndexBox Market Intelligence Platform