Lithuania - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Yarn Price in Lithuania - 2023
Contents:
- Woolen Yarn Price in Lithuania (FOB) - 2022
- Woolen Yarn Price in Lithuania (CIF) - 2023
- Woolen Yarn Exports in Lithuania
- Woolen Yarn Imports in Lithuania
Woolen Yarn Price in Lithuania (FOB) - 2022
The average woolen yarn export price stood at $7,363 per ton in 2022, picking up by 2.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 13%. As a result, the export price reached the peak level of $9,195 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
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 Italy ($18,406 per ton), while the average price for exports to Belgium ($4,477 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 Italy (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Yarn Price in Lithuania (CIF) - 2023
The average woolen yarn import price stood at $16,866 per ton in September 2023, dropping by -13% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 19% m-o-m. The import price peaked at $21,603 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($35,768 per ton), while the price for Spain ($1,337 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Woolen Yarn Exports in Lithuania
In 2022, exports of yarn of wool from Lithuania stood at 12K tons, increasing by 3.6% compared with the year before. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, woolen yarn exports expanded rapidly to $88M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
Export of Woolen Yarn in Lithuania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 20.5 | 20.7 | 26.4 | 22.5 | 3.2% |
Italy | 17.3 | 14.7 | 16.7 | 19.1 | 3.4% |
Netherlands | 6.8 | 7.8 | 12.8 | 12.7 | 23.1% |
Estonia | 11.9 | 7.3 | 8.2 | 10.8 | -3.2% |
Denmark | 7.1 | 5.9 | 5.9 | 7.1 | 0.0% |
United States | 2.6 | 1.5 | 2.7 | 3.2 | 7.2% |
Belgium | 1.9 | 1.3 | 2.4 | 2.9 | 15.1% |
Others | 7.4 | 5.4 | 7.9 | 10.1 | 10.9% |
Total | 75.5 | 64.7 | 83.0 | 88.5 | 5.4% |
Top Export Markets for Woolen Yarn from Lithuania in 2022:
- United Kingdom (3.7K tons)
- Estonia (2.2K tons)
- Netherlands (1.9K tons)
- Denmark (1.2K tons)
- Italy (1.0K tons)
- Belgium (0.7K tons)
- United States (0.5K tons)
Woolen Yarn Imports in Lithuania
In 2022, woolen yarn imports into Lithuania fell modestly to 2K tons, waning by -5% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 2.1K tons, and then contracted modestly in the following year.
In value terms, woolen yarn imports dropped to $35M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +41.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of $39M, and then fell in the following year.
Import of Woolen Yarn in Lithuania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.6 | 5.9 | 11.1 | 9.0 | 25.1% |
Italy | 3.4 | 5.4 | 7.6 | 7.1 | 27.8% |
India | 1.8 | 0.6 | 4.0 | 4.4 | 34.7% |
Bulgaria | 0.7 | N/A | 1.2 | 3.4 | 69.4% |
United Kingdom | 8.1 | 5.1 | 3.2 | 2.6 | -31.5% |
Ireland | 1.5 | 1.4 | 2.3 | 1.8 | 6.3% |
Czech Republic | 3.0 | 2.5 | 2.5 | 1.7 | -17.2% |
Thailand | 1.3 | 0.2 | 1.5 | 0.6 | -22.7% |
Estonia | 0.7 | 0.4 | 0.4 | 0.5 | -10.6% |
Austria | 0.9 | 1.0 | 1.5 | 0.3 | -30.7% |
Others | 2.1 | 2.2 | 3.8 | 3.5 | 18.6% |
Total | 28.2 | 24.7 | 39.1 | 34.9 | 7.4% |
Top Suppliers of Woolen Yarn to Lithuania in 2022:
- Germany (358.0 tons)
- India (351.9 tons)
- Italy (299.3 tons)
- United Kingdom (250.3 tons)
- Czech Republic (190.0 tons)
- Ireland (144.7 tons)
- Bulgaria (141.9 tons)
- Estonia (72.1 tons)
- Austria (20.8 tons)
- Thailand (16.9 tons)
This report provides an in-depth analysis of the woolen yarn market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
- Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
- Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the woolen yarn market in Lithuania.
This report provides an in-depth analysis of the global woolen yarn market.
This report provides an in-depth analysis of the woolen yarn market in Lithuania.
This report provides an in-depth analysis of the global woolen yarn market.
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