Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania - 2024

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania (CIF) - 2024
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania (CIF) - 2024

The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $8.1 per square meter in February 2024, growing by 30% against the previous month. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in March 2023 an increase of 186% month-to-month. Over the period under review, average import prices hit record highs in February 2024.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Sweden ($48.2 per square meter), while the price for the Netherlands ($2.4 per square meter) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania (FOB) - 2022

In 2022, the average export price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $4.1 per square meter, rising by 17% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for textile fabrics, rubberised; other than those of heading no. 5902s increased by +69.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($6.3 per square meter), while the average price for exports to Germany ($1.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania

In 2022, after three years of growth, there was significant decline in overseas purchases of textile fabrics, rubberised; other than those of heading no. 5902s, when their volume decreased by -29.5% to 1.1M square meters. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 5.5% against the previous year. Over the period under review, imports of attained the maximum at 1.6M square meters in 2021, and then contracted dramatically in the following year.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s declined modestly to $4.4M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 4.8%. As a result, imports reached the peak of $4.5M, and then declined modestly in the following year.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Lithuania in 2022:

1. China (390.6K square meters)
2. Germany (242.9K square meters)
3. Netherlands (126.4K square meters)
4. Latvia (101.8K square meters)
5. Italy (81.8K square meters)
6. Sweden (49.8K square meters)
7. Poland (41.4K square meters)
8. Denmark (26.7K square meters)
9. Belgium (16.8K square meters)
10. Estonia (4.8K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Lithuania

For the third consecutive year, Lithuania recorded decline in overseas shipments of textile fabrics, rubberised; other than those of heading no. 5902s, which decreased by -31% to 258K square meters in 2022. Overall, exports continue to indicate a dramatic decline. The smallest decline of -22.6% was in 2021. Over the period under review, the exports of attained the maximum at 688K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s contracted rapidly to $1M in 2022. In general, exports faced a abrupt shrinkage. The smallest decline of -6.6% was in 2021. Over the period under review, the exports of attained the maximum at $1.8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Lithuania in 2022:

1. Russia (98.2K square meters)
2. Estonia (44.9K square meters)
3. Latvia (37.4K square meters)
4. Belarus (23.6K square meters)
5. Kyrgyzstan (16.9K square meters)
6. Kazakhstan (14.6K square meters)
7. Ireland (5.8K square meters)

Source: IndexBox Market Intelligence Platform