Composition Leather Price in Lithuania - 2023

Contents:

1. Composition Leather Price in Lithuania (CIF) - 2022
2. Composition Leather Price in Lithuania (FOB) - 2022
3. Composition Leather Imports in Lithuania
4. Composition Leather Exports in Lithuania

Composition Leather Price in Lithuania (CIF) - 2022

The average composition leather import price stood at $6.6 per square meter in 2022, which is down by -15.7% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs at $11 per square meter in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($32 per square meter), while the price for Italy ($2.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Composition Leather Price in Lithuania (FOB) - 2022

The average composition leather export price stood at $6.7 per square meter in 2022, with a decrease of -6.1% against the previous year. In general, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 102%. As a result, the export price reached the peak level of $7.1 per square meter, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($20 per square meter), while the average price for exports to Russia ($3.4 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 Germany (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Composition Leather Imports in Lithuania

In 2022, composition leather imports into Lithuania contracted to 93K square meters, which is down by -13.6% on the previous year's figure. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 220% against the previous year. As a result, imports reached the peak of 107K square meters, and then shrank in the following year.

In value terms, composition leather imports reduced rapidly to $614K in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 354%. As a result, imports reached the peak of $842K, and then contracted notably in the following year.

Top Suppliers of Composition Leather to Lithuania in 2022:

1. Poland (67.7K square meters)
2. Italy (43.0K square meters)
3. United Kingdom (6.0K square meters)
4. Finland (4.0K square meters)
5. China (0.1K square meters)

Composition Leather Exports in Lithuania

In 2022, after two years of decline, there was significant growth in shipments abroad of composition leather, when their volume increased by 58% to 59K square meters. Over the period under review, exports, however, continue to indicate a perceptible downturn. Over the period under review, the exports hit record highs at 66K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, composition leather exports skyrocketed to $392K in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 95%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Composition Leather from Lithuania in 2022:

1. Belarus (30.9K square meters)
2. Russia (15.6K square meters)
3. United Kingdom (10.8K square meters)
4. China (1.3K square meters)

Source: IndexBox Market Intelligence Platform