Report Update: May 1, 2024

Lithuania - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Industrial Monocarboxylic Fatty Acids in Lithuania - 2023

Price for Industrial Monocarboxylic Fatty Acids in Lithuania (CIF) - 2023

In September 2023, the average industrial monocarboxylic fatty acids import price amounted to $1,286 per ton, stabilizing at the previous month. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in October 2022 an increase of 38% month-to-month. As a result, import price reached the peak level of $2,708 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($2,243 per ton), while the price for Belarus ($397 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Industrial Monocarboxylic Fatty Acids in Lithuania (FOB) - 2022

In 2022, the average industrial monocarboxylic fatty acids export price amounted to $3,091 per ton, with an increase of 83% against the previous year. Over the period under review, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($15,750 per ton), while the average price for exports to the Czech Republic ($1,795 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 Germany (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids in Lithuania

In 2022, supplies from abroad of industrial monocarboxylic fatty acids decreased by -36.3% to 1.9K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 57%. As a result, imports attained the peak of 4.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports fell to $4.1M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.3% 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 +87.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 83%.

Import of Industrial Monocarboxylic Fatty Acids in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	635	404	560	1,333	28.0%
Malaysia	716	1,483	418	878	7.0%
Germany	27.5	84.3	318	771	203.8%
Sweden	530	1,522	1,563	452	-5.2%
Belgium	123	434	1,114	294	33.7%
Luxembourg	N/A	N/A	N/A	246	0%
Indonesia	N/A	N/A	369	N/A	0%
Others	173	99.9	223	154	-3.8%
Total	2,205	4,028	4,566	4,128	23.2%

Top Suppliers of Industrial Monocarboxylic Fatty Acids to Lithuania in 2022:

Netherlands (590.5 tons)
Malaysia (493.0 tons)
Germany (334.8 tons)
Sweden (256.7 tons)
Belgium (166.5 tons)
Luxembourg (57.9 tons)

Exports of Industrial Monocarboxylic Fatty Acids in Lithuania

In 2022, overseas shipments of industrial monocarboxylic fatty acids decreased by -78.5% to 477 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 101% against the previous year. As a result, the exports attained the peak of 2.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports contracted notably to $1.5M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year.

Export of Industrial Monocarboxylic Fatty Acids in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	1,170	2,626	3,333	1,254	2.3%
Estonia	204	230	225	136	-12.6%
Latvia	108	12.4	47.0	41.2	-27.5%
Czech Republic	N/A	N/A	28.0	28.0	0.0%
Denmark	N/A	N/A	28.7	N/A	0%
Others	27.8	52.0	90.0	16.4	-16.1%
Total	1,509	2,920	3,752	1,475	-0.8%

Top Export Markets for Industrial Monocarboxylic Fatty Acids from Lithuania in 2022:

Russia (426.2 tons)
Estonia (18.4 tons)
Czech Republic (15.6 tons)
Latvia (15.2 tons)

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

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