Lithuania: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Lithuania

The Lithuanian cyclic hydrocarbons market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption continues to indicate a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Lithuania

In value terms, cyclic hydrocarbons production contracted markedly to $X in 2022 estimated in export price. Overall, production faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Lithuania

In 2022, overseas shipments of cyclic hydrocarbons decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports declined to $X in 2022. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for cyclic hydrocarbons exports from Lithuania, with a X% share of total exports. Moreover, cyclic hydrocarbons exports to Latvia exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was taken by Armenia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Armenia (X% per year).

In value terms, Russia ($X), Latvia ($X) and Armenia ($X) constituted the largest markets for cyclic hydrocarbons exported from Lithuania worldwide, together accounting for X% of total exports.

Armenia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted strong growth. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 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 Armenia ($X per ton), while the average price for exports to Latvia ($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 Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Lithuania

In 2022, the amount of cyclic hydrocarbons imported into Lithuania declined to X tons, with a decrease of X% on 2021 figures. In general, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports stood at $X in 2022. Overall, imports faced a precipitous curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Slovakia (X tons) and Poland (X tons) were the main suppliers of cyclic hydrocarbons imports to Lithuania, together accounting for X% of total imports. Finland, Spain, Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cyclic hydrocarbons suppliers to Lithuania were the Czech Republic ($X), Slovakia ($X) and Poland ($X), with a combined X% share of total imports. Spain, Belgium, Finland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price recorded a temperate increase. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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