Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $1,928 per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the maximum at $2,361 per ton in 2013; however, from 2014 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 Germany ($3,193 per ton), while the price for China ($1,733 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,999 per ton in 2022, rising by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. Over the period under review, the average export prices reached the maximum at $3,170 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($4,290 per ton), while the average price for exports to Germany ($1,838 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 (+5.9%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania
In 2022, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses into Lithuania soared to 191 tons, with an increase of 31% against 2021. The total import volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 32%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses skyrocketed to $369K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 73.0 | 163 | 95.8 | 158 | 29.4% |
| China | 42.5 | 55.2 | 78.7 | 128 | 44.4% |
| Poland | 36.4 | 18.8 | 19.9 | 49.9 | 11.1% |
| Germany | 33.3 | 21.6 | 17.6 | 29.8 | -3.6% |
| Latvia | 2.3 | 17.2 | 14.5 | N/A | 151.1% |
| Finland | 35.4 | N/A | 8.1 | N/A | -52.2% |
| Others | 2.9 | 12.8 | N/A | 3.3 | 4.4% |
| Total | 226 | 288 | 235 | 369 | 17.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to Lithuania in 2022:
- Belgium (85.0 tons)
- China (74.0 tons)
- Poland (21.9 tons)
- Germany (9.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania
In 2022, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses from Lithuania plummeted to 19 tons, which is down by -62.7% compared with 2021. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 284%. As a result, the exports reached the peak of 52 tons, and then contracted markedly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses shrank markedly to $58K in 2022. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. As a result, the exports reached the peak of $107K, and then contracted notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 18.7 | 16.2 | 38.0 | 48.6 | 37.5% |
| Belarus | 3.0 | 17.5 | 15.8 | 6.2 | 27.4% |
| Germany | N/A | 1.6 | N/A | 1.8 | 6.1% |
| Russia | 11.1 | 0.5 | 9.8 | 0.4 | -67.0% |
| Czech Republic | N/A | 6.3 | N/A | 0.1 | -87.4% |
| Austria | N/A | N/A | 16.4 | N/A | 0% |
| Italy | N/A | N/A | 26.8 | N/A | 0% |
| Ukraine | 25.4 | N/A | N/A | N/A | 0% |
| Others | 5.4 | 0.6 | 0.8 | 0.9 | -45.0% |
| Total | 63.7 | 42.7 | 107 | 58.1 | -3.0% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from Lithuania in 2022:
- Georgia (16.5 tons)
- Belarus (1.5 tons)
- Germany (1.0 tons)
- Russia (0.1 tons)
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