Report Update: Apr 12, 2024

Lithuania - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Phenylacetic Acid Price in Lithuania - 2023

Phenylacetic Acid Price in Lithuania (CIF) - 2022

In 2022, the average phenylacetic acid import price amounted to $34,515 per ton, shrinking by -57.7% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 408%. As a result, import price attained the peak level of $81,529 per ton, and then contracted markedly in the following year.

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 China ($299,703 per ton), while the price for Italy ($11,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Phenylacetic Acid Price in Lithuania (FOB) - 2022

In 2022, the average phenylacetic acid export price amounted to $14,709 per ton, with a decrease of -50% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 104%. The export price peaked at $29,409 per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($80,857 per ton), while the average price for exports to Russia ($11,751 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 Belarus (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Phenylacetic Acid Imports in Lithuania

In 2022, supplies from abroad of phenylacetic acid, its salts and esters was finally on the rise to reach 5.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt setback.

In value terms, phenylacetic acid imports surged to $188K in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phenylacetic Acid in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.9	2.0	66.3	90.8	262.9%
Poland	0.5	N/A	5.4	74.3	429.7%
Spain	6.3	N/A	N/A	9.4	14.3%
Italy	N/A	N/A	N/A	6.3	0%
Germany	69.2	51.9	8.7	5.3	-57.5%
Others	1.4	1.8	2.7	1.9	10.7%
Total	79.3	55.7	83.1	188	33.3%

Top Suppliers of Phenylacetic Acid to Lithuania in 2022:

Poland (4031.0 kg)
Italy (572.0 kg)
China (303.0 kg)
Spain (302.0 kg)
Germany (173.0 kg)

Phenylacetic Acid Exports in Lithuania

In 2022, exports of phenylacetic acid, its salts and esters from Lithuania surged to 12 tons, growing by 531% against the year before. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phenylacetic acid exports soared to $173K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Phenylacetic Acid in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	6.9	2.3	6.0	116	156.2%
Ukraine	19.1	47.2	5.9	12.9	-12.3%
United Kingdom	3.6	1.1	38.4	9.7	39.2%
United States	8.3	7.2	N/A	8.2	-0.4%
Kazakhstan	N/A	N/A	N/A	6.7	0%
Others	0.8	3.0	4.6	19.4	189.4%
Total	38.7	60.8	54.9	173	64.7%

Top Export Markets for Phenylacetic Acid from Lithuania in 2022:

Russia (9.9 tons)
Ukraine (0.7 tons)
United Kingdom (0.4 tons)
Kazakhstan (0.4 tons)
United States (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the phenylacetic acid 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 20143367 - Phenylacetic acid, its salts and esters
Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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