Lithuania: Monocarboxylic Acid Market 2025

Monocarboxylic Acid Market Size in Lithuania

The Lithuanian monocarboxylic acid market surged to $X in 2022, with an increase of 73% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Monocarboxylic Acid Production in Lithuania

In value terms, monocarboxylic acid production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Monocarboxylic Acid Exports

Exports from Lithuania

In 2022, approx. X tons of acrylic acid and its salts and other monocarboxylic acid were exported from Lithuania; picking up by 6.5% against the previous year's figure. In general, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, monocarboxylic acid exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 130% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Latvia (X tons), Estonia (X tons) and Ukraine (X tons) were the main destinations of monocarboxylic acid exports from Lithuania, with a combined 92% share of total exports. Russia, Belarus and Turkey lagged somewhat behind, together comprising a further 8%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +51.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Estonia ($X) and Ukraine ($X) were the largest markets for monocarboxylic acid exported from Lithuania worldwide, with a combined 91% share of total exports. Turkey, Belarus and Russia lagged somewhat behind, together comprising a further 8.2%.

Belarus, with a CAGR of +52.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average monocarboxylic acid export price amounted to $X per ton, growing by 18% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid export price increased by +6.1% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 26%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Russia ($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 Latvia (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Monocarboxylic Acid Imports

Imports into Lithuania

In 2022, overseas purchases of acrylic acid and its salts and other monocarboxylic acid increased by 42% to X tons, rising for the second year in a row after four years of decline. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monocarboxylic acid imports surged to $X in 2022. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Germany (X tons) were the main suppliers of monocarboxylic acid imports to Lithuania, with a combined 78% share of total imports. Latvia, Finland, Belgium, the Netherlands and Ireland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monocarboxylic acid suppliers to Lithuania were Poland ($X), China ($X) and Germany ($X), together comprising 76% of total imports. Latvia, Finland, Belgium, the Netherlands and Ireland lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Latvia, with a CAGR of +80.2%, 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 monocarboxylic acid import price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid import price increased by +70.7% against 2015 indices. The growth pace was the most rapid in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while the price for Ireland ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform