Lithuania - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Lithuania - 2023
Contents:
- Argon Price in Lithuania (CIF) - 2022
- Argon Price in Lithuania (FOB) - 2022
- Argon Imports in Lithuania
- Argon Exports in Lithuania
Argon Price in Lithuania (CIF) - 2022
In 2022, the average argon import price amounted to $0.8 per cubic meter, waning by -13.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum at $1 per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1.7 per cubic meter), while the price for Finland ($0.3 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Price in Lithuania (FOB) - 2022
The average argon export price stood at $0.8 per cubic meter in 2022, waning by -14.5% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $1.3 per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Latvia ($0.8 per cubic meter) and Ukraine ($0.8 per cubic meter), while the average price for exports to Estonia ($0.6 per cubic meter) and the Czech Republic ($0.7 per cubic meter) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Imports in Lithuania
In 2022, imports of argon into Lithuania totaled 927K cubic meters, increasing by 8.1% compared with the year before. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, argon imports fell to $707K in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $758K, and then fell in the following year.
| Import of Argon in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 397 | 423 | 483 | 459 | 5.0% |
| Poland | 60.7 | 67.8 | 112 | 111 | 22.3% |
| Finland | 43.2 | 52.4 | 81.5 | 78.1 | 21.8% |
| Estonia | 16.1 | 39.7 | 13.1 | 50.4 | 46.3% |
| Others | 25.3 | 11.7 | 69.3 | 8.7 | -29.9% |
| Total | 542 | 595 | 758 | 707 | 9.3% |
Top Suppliers of Argon to Lithuania in 2022:
- Latvia (491.2K cubic meters)
- Finland (300.7K cubic meters)
- Estonia (68.0K cubic meters)
- Poland (65.8K cubic meters)
Argon Exports in Lithuania
In 2022, the amount of argon exported from Lithuania declined to 237K cubic meters, shrinking by -8.5% on the previous year. In general, exports showed a abrupt downturn. The exports peaked at 348K cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, argon exports declined sharply to $182K in 2022. Overall, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $232K, and then contracted sharply in the following year.
| Export of Argon in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 107 | 120 | 102 | 77.0 | -10.4% |
| Estonia | 17.5 | 43.9 | 68.4 | 38.4 | 29.9% |
| Czech Republic | 15.4 | 5.1 | 5.7 | 34.1 | 30.3% |
| Ukraine | N/A | N/A | N/A | 30.3 | 0% |
| Russia | 23.7 | 27.2 | 48.0 | N/A | 42.3% |
| Poland | 24.3 | N/A | N/A | N/A | 0% |
| Others | 8.2 | 5.1 | 7.6 | 1.9 | -38.6% |
| Total | 196 | 202 | 232 | 182 | -2.4% |
Top Export Markets for Argon from Lithuania in 2022:
- Latvia (91.1K cubic meters)
- Estonia (59.2K cubic meters)
- Czech Republic (48.6K cubic meters)
- Ukraine (38.2K cubic meters)
This report provides an in-depth analysis of the argon market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111120 - Argon
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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