Lithuania: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Lithuania

The Lithuanian industrial fatty alcohols market was estimated at $X in 2022, increasing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Fatty Alcohols Production in Lithuania

In value terms, industrial fatty alcohols production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports from Lithuania

In 2022, overseas shipments of industrial fatty alcohols increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols exports surged to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for industrial fatty alcohols exports from Lithuania, accounting for a X% share of total exports. Moreover, industrial fatty alcohols exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. Latvia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for industrial fatty alcohols exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

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

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Uzbekistan ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Lithuania

In 2022, purchases abroad of industrial fatty alcohols increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial fatty alcohols imports soared to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of industrial fatty alcohols to Lithuania, accounting for a X% share of total imports. Moreover, industrial fatty alcohols imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Indonesia (X% per year).

In value terms, Germany ($X), Sweden ($X) and Indonesia ($X) appeared to be the largest industrial fatty alcohols suppliers to Lithuania, with a combined X% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 industrial fatty alcohols import price amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained 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 Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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