Lithuania: Rare Gases Market 2024

Rare Gases Market Size in Lithuania

The Lithuanian rare gases market reduced to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Rare Gases Production in Lithuania

In value terms, rare gases production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Rare Gases Exports

Exports from Lithuania

After two years of decline, overseas shipments of rare gases (excluding argon) increased by X% to X cubic meters in 2022. In general, exports showed modest growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X cubic meters), Belarus (X cubic meters) and Latvia (X cubic meters) were the main destinations of rare gases exports from Lithuania, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for rare gases exported from Lithuania were Russia ($X), Latvia ($X) and Belarus ($X), with a combined X% share of total exports.

Among the main countries of destination, Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rare gases export price stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2021, and then fell rapidly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per cubic meter), while the average price for exports to Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into Lithuania

In 2022, the amount of rare gases (excluding argon) imported into Lithuania skyrocketed to X cubic meters, picking up by X% compared with the previous year. In general, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, rare gases imports soared to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Latvia (X cubic meters) constituted the largest rare gases supplier to Lithuania, accounting for a X% share of total imports. Moreover, rare gases imports from Latvia exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), threefold. The third position in this ranking was taken by Germany (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest rare gases suppliers to Lithuania were Latvia ($X), Poland ($X) and Germany ($X), with a combined X% share of total imports. Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Czech Republic, 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

In 2022, the average rare gases import price amounted to $X per cubic meter, falling by X% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per cubic meter in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for the Czech Republic ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :