Lithuania - Phenols - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 8, 2024

Lithuania - Phenols - Market Analysis, Forecast, Size, Trends and Insights

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Phenols Price in Lithuania - 2023

Contents:

  1. Phenols Price in Lithuania (FOB) - 2022
  2. Phenols Price in Lithuania (CIF) - 2022
  3. Phenols Exports in Lithuania
  4. Phenols Imports in Lithuania

Phenols Price in Lithuania (FOB) - 2022

The average phenols export price stood at $4,191 per ton in 2022, increasing by 6.8% against the previous year. In general, the export price showed perceptible growth. The most prominent rate of growth was recorded in 2013 an increase of 184% against the previous year. Over the period under review, the average export prices attained the maximum at $21,852 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,835 per ton), while the average price for exports to the UK ($3,083 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Price in Lithuania (CIF) - 2022

The average phenols import price stood at $2,844 per ton in 2022, rising by 3.3% against the previous year. In general, the import price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 159%. Over the period under review, average import prices hit record highs at $21,010 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($5,182 per ton), while the price for Russia ($2,617 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.9%).

Phenols Exports in Lithuania

After three years of growth, shipments abroad of phenols decreased by -1.1% to 4.7K tons in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 931% against the previous year.

In value terms, phenols exports expanded sharply to $20M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 851%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Phenols in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/A1,4782,2974,29670.5%
United States3.737.51,9241,991713.4%
Belgium2051,9762,0591,50294.2%
Germany41.71,2856921,392222.0%
Netherlands1616168731,12391.1%
Spain2441,3861,5221,10065.2%
France58.61,3411,4941,007158.1%
ArgentinaN/A23168860461.7%
Latvia10014128055176.6%
Italy51.25321,400543119.7%
Guatemala48.2232236512119.8%
MexicoN/A598961432-15.0%
United Kingdom57.955129232677.9%
Others4362,9973,9644,357115.4%
Total1,40913,40118,68519,737141.1%

Top Export Markets for Phenols from Lithuania in 2022:

  1. Brazil (1381.0 tons)
  2. Belgium (468.2 tons)
  3. Germany (353.7 tons)
  4. Spain (301.4 tons)
  5. France (287.4 tons)
  6. Netherlands (265.3 tons)
  7. United States (225.3 tons)
  8. Guatemala (153.6 tons)
  9. Argentina (151.6 tons)
  10. Italy (140.3 tons)
  11. Mexico (130.8 tons)
  12. Latvia (105.9 tons)
  13. United Kingdom (105.8 tons)

Phenols Imports in Lithuania

For the fourth year in a row, Lithuania recorded growth in supplies from abroad of phenols, which increased by 15% to 5.2K tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 431% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, phenols imports skyrocketed to $15M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 575%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Phenols in Lithuania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.510.410.413.1105.9%
BelgiumN/AN/A0.10.5400.0%
Others0.21.41.91.281.7%
Total1.711.712.414.8105.7%

Top Suppliers of Phenols to Lithuania in 2022:

  1. Russia (5.0K tons)
  2. Belgium (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the phenols 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 20142410 - Monophenols
  • Prodcom 20142433 - 4,4-Isopropylidenediphenol (bisphenol A, diphenylolpropane) a nd its salts
  • Prodcom 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols
  • Prodcom 20142450 - Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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