Report Update Apr 1, 2024

Lithuania - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Styrene Market 2024

Styrene Market Size in Lithuania

The Lithuanian styrene market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a sharp shrinkage. Styrene consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Styrene Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in overseas shipments of styrene, when their volume decreased by X% to X kg. Overall, exports, however, saw pronounced growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, styrene exports declined markedly to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X kg) was the main destination for styrene exports from Lithuania, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belarus was relatively modest.

In value terms, Belarus ($X) also remains the key foreign market for styrene exports from Lithuania.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to X%.

Export Prices by Country

The average styrene export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price saw a slight increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to X% per year.

Styrene Imports

Imports into Lithuania

In 2022, after three years of decline, there was significant growth in overseas purchases of styrene, when their volume increased by X% to X tons. Overall, imports showed significant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, styrene imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of styrene to Lithuania, with a X% share of total imports. Moreover, styrene imports from China exceeded the figures recorded by the second-largest supplier, Latvia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X,900.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of styrene to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Latvia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average styrene import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of consumption in 2023 were the United States, China and India, with a combined 34% share of global consumption. The Netherlands, Indonesia, Japan, Brazil, Russia, Turkey, Canada, Italy, South Korea and Mexico lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of styrene in the world?

The United States constituted the country with the largest volume of styrene production, accounting for 19% of total volume. Moreover, styrene production in the United States exceeded the figures recorded by the second-largest producer, Saudi Arabia, twofold. The Netherlands ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of styrene to Lithuania?

In value terms, China constituted the largest supplier of styrene to Lithuania, comprising 80% of total imports. The second position in the ranking was held by Latvia, with a 12% share of total imports.

What are the leading importers of styrene from Lithuania?

In value terms, Belarus $157) remains the key foreign market for styrene exports from Lithuania.

What is the average export price for styrene in Lithuania?

In 2022, the average styrene export price amounted to $6,826 per ton, growing by 54% against the previous year.

What is the average import price for styrene in Lithuania?

In 2022, the average styrene import price amounted to $1,514 per ton, falling by -72.9% against the previous year.

This report provides an in-depth analysis of the styrene market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141250 - Styrene

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023