Lithuania: Basic Dye Market 2024

Basic Dye Market Size in Lithuania

The Lithuanian basic dye market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Basic Dye Production in Lithuania

In value terms, basic dye production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Basic Dye Exports

Exports from Lithuania

In 2022, overseas shipments of basic dyes and preparations based thereon decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, basic dye exports fell notably to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for basic dye exports from Lithuania, with a X% share of total exports. Moreover, basic dye exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average basic dye export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($X 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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Lithuania

In 2022, approx. X tons of basic dyes and preparations based thereon were imported into Lithuania; shrinking by X% on the previous year's figure. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, basic dye imports declined significantly to $X in 2022. Overall, imports saw a slight slump. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Estonia (X tons) and Germany (X tons) were the main suppliers of basic dye imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Poland ($X) and Belgium ($X) were the largest basic dye suppliers to Lithuania, together accounting for X% of total imports.

Estonia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average basic dye import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 the UK ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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