Lithuania: Other Chemical Products Market 2024

Other Chemical Products Market Size in Lithuania

In 2022, the Lithuanian other chemical products market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Lithuania

In value terms, other chemical products production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Other chemical products production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Lithuania

In 2016, shipments abroad of other chemical products increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a strong expansion from 2012 to 2016: its volume increased at an average annual rate of X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2016 and are likely to see steady growth in the near future.

In value terms, other chemical products exports surged to $X in 2016. The total export value increased at an average annual rate of X% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for other chemical products exports from Lithuania, with a X% share of total exports. Moreover, other chemical products exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Belarus (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2016, 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: Latvia (X% per year) and Belarus (X% per year).

In value terms, Russia ($X) remains the key foreign market for other chemical products exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Belarus, with an X% share.

From 2012 to 2016, the average annual growth rate 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 Belarus (X% per year).

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2016, 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.

Other Chemical Products Imports

Imports into Lithuania

In 2016, purchases abroad of other chemical products increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure in 2016 and are likely to continue growth in the near future.

In value terms, other chemical products imports soared to $X in 2016. The total import value increased at an average annual rate of X% over the period from 2012 to 2016; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, Germany (X tons) constituted the largest supplier of other chemical products to Lithuania, accounting for a X% share of total imports. Moreover, other chemical products imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Finland (X% per year).

In value terms, the largest other chemical products suppliers to Lithuania were Germany ($X), Italy ($X) and France ($X), together comprising X% of total imports. Poland, the UK, Belgium, the Netherlands, China, Latvia, Estonia, Slovenia, Finland and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average other chemical products import price stood at $X per ton in 2016, rising by X% against the previous year. Over the last four years, it increased at an average annual rate of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2016, import prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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