Bobbins and spools for winding textile yarn market in Lithuania

Earlier Report Observations

The market for bobbins and spools for winding textile yarn in Lithuania expanded significantly from 2018 to 2024, with volume growing from 3 611 tons to 5 589 tons and value nearly doubling from 3.6 million USD to 7.0 million USD. This growth was not linear, featuring a notable peak in 2022 when the market reached 6 087 tons, followed by a moderate correction in the following years.

A key driver of the market expansion, particularly from 2021 onward, was a dramatic reduction in export volumes. Annual exports, which consistently exceeded 1 000 tons until 2021, collapsed to just 26 tons in 2023. This shift redirected domestically produced output to the local market, amplifying the effect of rising production, which itself increased from 4 383 tons in 2018 to over 6 000 tons in 2022.

The market's value demonstrated more resilience than volume after 2022, continuing to grow in 2024 even as tonnage slightly declined. This indicates a trend toward higher-value products or increased unit prices within the sector, supported by sustained production levels above 5 000 tons annually throughout the period.

Production bobbins and spools for winding textile yarn in Lithuania

In value, 2018-2021, K $ US

Lithuania's production of bobbins and spools for winding textile yarn has grown for the third consecutive year. In 2021, output reached 6 156 K $ US, marking a 25.8% increase compared to 2020. Over the period from 2018 to 2021, production rose by 36.9%, with a compound annual growth rate of 11.0%.

Annual dynamics of production in Lithuania in value, 2018-2021, K $ US

In kind, 2018-2021, t

Lithuania's production of bobbins and spools for winding textile yarn has increased for the third year in a row. In 2021, the country produced 5 269 tonnes, representing a 7.0% rise from the previous year. Between 2018 and 2021, production grew by 20.2%, equating to an annualized rate of 6.3%.

Annual dynamics of production in Lithuania in kind, 2018-2021, t

Exports bobbins and spools for winding textile yarn from Lithuania

Exports in kind, t

After two years of growth, exports of bobbins and spools for winding textile yarn from Lithuania declined. In 2021, exports stood at 969 tonnes, showing a sharp decrease of 26.6% year-over-year. Over the period from 2018 to 2021, exports fell by 14%, with a compound annual growth rate of -4.9%. The highest export volume was recorded in 2020 at 1 320 tonnes, which also saw the largest increase of 12.5%.

Annual dynamics of product's exports from Lithuania in kind, 2018-2021, t

From 2018 to 2021, Latvia and Estonia remained the top markets for exports in kind, together accounting for 89.7% of total flows, while other partners played a supplementary role.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Lithuania in kind, 2018-2021

Exports in value, K $ US

Following a two-year rise, Lithuania's exports of bobbins and spools for winding textile yarn in value terms declined. In 2021, exports amounted to 1 200 K $ US, which is 1.7% lower than the previous year. Over the period from 2018 to 2021, exports increased by 13.9%, with a compound annual growth rate of 4.4%. The peak value was recorded in 2020 at 1 220 K $ US, which also experienced the largest increase of 7.9%.

Annual dynamics of product's exports from Lithuania in value, 2018-2021, K $ US

Between 2018 and 2021, Latvia and Estonia were the dominant destinations for exports in value terms, jointly accounting for 81.2% of total flows, with the remaining share going to other markets.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Lithuania in value, 2018-2021

Imports bobbins and spools for winding textile yarn to Lithuania

Imports in kind, t

The import market showed an unstable trend throughout the period. Imports peaked in 2019 at 660 tonnes and dropped to a low of 191 tonnes in 2020, representing a 3.5-fold difference. In 2021, imports rebounded to 424 tonnes, a significant increase of 121.8% compared to 2020. The largest decline occurred in 2020, with a 71.0% decrease.

Annual dynamics of product's imports to Lithuania in kind, 2018-2021, t

From 2018 to 2021, the United Kingdom (44.4% of imports in kind), Germany (34.9%), and Turkey (9.3%) were the leading sources for imports in kind, together comprising 88.6% of total flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Lithuania in kind, 2018-2021

Imports in value, K $ US

Lithuania imported approximately 247 K $ US of bobbins and spools for winding textile yarn in 2021, up by 18.7% compared to 2020. Between 2018 and 2021, imports grew by 45.9%, equating to an annualized rate of 13.4%. The highest import value was recorded in 2019 at 253 K $ US, which also saw the largest increase of 49.8%. The largest decline occurred in 2020, with a 17.9% decrease.

Annual dynamics of product's imports to Lithuania in value, 2018-2021, K $ US

Over the period from 2018 to 2021, Germany (50.3% of imports in value terms), Turkey (21.3%), and the United Kingdom (16.9%) were the main suppliers of bobbins and spools for winding textile yarn to Lithuania, together accounting for 88.6% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Lithuania in value, 2018-2021