Price for Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania (CIF) - 2022

In 2022, the average import price for petroleum gases and other gaseous hydrocarbonses amounted to $1,058 per ton, surging by 66% against the previous year. Over the period under review, the import price showed a notable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,987 per ton), while the price for Latvia ($381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.8%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania (FOB) - 2022

In 2022, the average export price for petroleum gases and other gaseous hydrocarbonses amounted to $526 per ton, with a decrease of -18.6% against the previous year. Over the period under review, the export price showed a pronounced setback. The growth pace was the most rapid in 2021 when the average export price increased by 37% against the previous year. The export price peaked at $760 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($651 per ton), while the average price for exports to Latvia ($505 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 Estonia (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania

In 2022, the amount of petroleum gases and other gaseous hydrocarbonses imported into Lithuania surged to 5M tons, rising by 235% compared with the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses surged to $5.2B in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Lithuania in 2022:

1. Norway (1523.5K tons)
2. United States (1422.1K tons)
3. Russia (1322.6K tons)
4. Latvia (385.4K tons)
5. Poland (194.4K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Lithuania

In 2022, exports of petroleum gases and other gaseous hydrocarbonses from Lithuania skyrocketed to 2.7M tons, rising by 1,425% compared with the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses surged to $1.4B in 2022. Overall, 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.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Lithuania in 2022:

1. Latvia (2527.7K tons)
2. Poland (128.4K tons)
3. Estonia (64.8K tons)

Source: IndexBox Market Intelligence Platform