Price for Rosin and Resin Acids in Lithuania - 2023

Contents:

1. Price for Rosin and Resin Acids in Lithuania (CIF) - 2022
2. Price for Rosin and Resin Acids in Lithuania (FOB) - 2022
3. Imports of Rosin and Resin Acids in Lithuania
4. Exports of Rosin and Resin Acids in Lithuania

Price for Rosin and Resin Acids in Lithuania (CIF) - 2022

The average rosin and resin acids import price stood at $1,263 per ton in 2022, reducing by -3.6% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 51% against the previous year. Over the period under review, average import prices hit record highs at $5,650 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 Poland ($7,948 per ton), while the price for Belarus totaled $1,184 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.3%).

Price for Rosin and Resin Acids in Lithuania (FOB) - 2022

In 2022, the average rosin and resin acids export price amounted to $2,653 per ton, rising by 23% against the previous year. Overall, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2013 an increase of 49% against the previous year. The export price peaked at $21,808 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 Germany ($22,524 per ton), while the average price for exports to the Czech Republic ($2,588 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 Poland (+83.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin and Resin Acids in Lithuania

In 2022, approx. 115 tons of rosin and resin acidses were imported into Lithuania; which is down by -48.2% against the previous year's figure. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 368%. As a result, imports reached the peak of 222 tons, and then shrank remarkably in the following year.

In value terms, rosin and resin acids imports shrank sharply to $145K in 2022. In general, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2021 with an increase of 280%. As a result, imports reached the peak of $291K, and then shrank markedly in the following year.

Top Suppliers of Rosin and Resin Acids to Lithuania in 2022:

1. Belarus (114.1 tons)

Exports of Rosin and Resin Acids in Lithuania

Rosin and resin acids exports from Lithuania contracted rapidly to 92 tons in 2022, declining by -21.4% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 95% against the previous year. As a result, the exports attained the peak of 117 tons, and then declined significantly in the following year.

In value terms, rosin and resin acids exports dropped to $245K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 137%. As a result, the exports reached the peak of $253K, and then reduced in the following year.

Top Export Markets for Rosin and Resin Acids from Lithuania in 2022:

1. Czech Republic (66.4 tons)
2. Latvia (16.7 tons)
3. Slovakia (5.9 tons)
4. Belarus (2.0 tons)
5. Russia (0.9 tons)

Source: IndexBox Market Intelligence Platform