The Lithuanian market for flax yarn not packaged for retail sale witnessed significant fluctuations between 2013 and 2023. Starting from a volume of 922.4 thousand kilograms in 2013, the market experienced significant growth, reaching 1,096.9 thousand kilograms in 2023. The market saw variable year-on-year changes, with notable peaks in 2014 and 2021 at 15.08% and 22% respectively, but it also faced some declines, particularly in 2020 with a reduction of 13.5%. Over the last five years, the compound annual growth rate (CAGR) adjusted positively to 0.61%.
Future trends to watch include potential expansions driven by increasing demand for sustainable materials, technological advancements in flax processing, and potential market fluctuations due to global trade policies. Monitoring these factors and emerging trends will be critical for stakeholders in planning and decision-making.
