Woolen Yarn Market Overview in Lithuania
In value terms, woolen yarn production rose notably to $ in 2018 estimated in export prices. Over the period under review, the total production indicated tangible growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production increased by +% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Lithuania production peaked in 2018 and is expected to retain growth in years to come.
The size of the woolen yarn market in Lithuania expanded to $ in 2018, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded strong growth. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Lithuania consumption peaked in 2018 and is likely to see steady growth in the immediate term.