Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania (FOB) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania (CIF) - 2022
3. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania
4. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania (FOB) - 2023

In December 2023, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $13,290 per ton, waning by -33.4% against the previous month. Over the period under review, export price indicated a tangible expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for footwear; parts, outer soles and heels, of rubber or plasticses decreased by -33.4% against November 2023 indices. The pace of growth was the most pronounced in August 2023 when the average export price increased by 52% m-o-m. The export price peaked at $20,901 per ton in June 2023; however, from July 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($19,803 per ton), while the average price for exports to Belarus amounted to $13,140 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $9,536 per ton in 2022, declining by -16.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 27%. Over the period under review, average import prices attained the maximum at $12,506 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($11,969 per ton), while the price for the UK ($4,993 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania

After two years of decline, shipments abroad of footwear; parts, outer soles and heels, of rubber or plasticses increased by 70% to 342 tons in 2022. Overall, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses soared to $3.6M in 2022. Over the period under review, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Lithuania in 2022:

1. Belarus (252.3 tons)
2. Russia (74.2 tons)
3. Kazakhstan (8.8 tons)

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Lithuania

After two years of decline, purchases abroad of footwear; parts, outer soles and heels, of rubber or plasticses increased by 134% to 252 tons in 2022. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $2.4M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Lithuania in 2022:

1. Italy (107.2 tons)
2. Latvia (81.2 tons)
3. Poland (50.8 tons)
4. United Kingdom (3.8 tons)
5. Finland (3.2 tons)
6. Ukraine (1.2 tons)

Source: IndexBox Market Intelligence Platform