Lithuania: Alcohols Market 2020

Alcohols Market Size in Lithuania

The revenue of the alcohols market in Lithuania amounted to $X in 2018, surging by X% against the previous year. Over the period under review, the total market indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, alcohols consumption increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Lithuania alcohols consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Alcohols Production in Lithuania

In value terms, alcohols production amounted to $X in 2018 estimated in export prices. Over the period under review, alcohols production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when production volume increased by X% y-o-y. Lithuania alcohols production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Alcohols Exports

Exports from Lithuania

In 2018, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Lithuania; picking up by X% against the previous year. Overall, alcohols exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Lithuania exports peaked at X tons in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, alcohols exports stood at $X in 2018. In general, alcohols exports continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, alcohols exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

The exports of the twelve major exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, namely Saudi Arabia, Trinidad and Tobago, the Netherlands, the U.S., Malaysia, Germany, Russia, Singapore, Iran, Taiwan, Chinese, Venezuela and Belgium, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Saudi Arabia ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the Netherlands, Singapore, Trinidad and Tobago, Taiwan, Chinese, Malaysia, Belgium, Russia, Iran, Venezuela and Lithuania, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The alcohols export price in Lithuania stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the export price indicated modest growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, alcohols export price decreased by -X% against 2011 indices. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Lithuania export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced mixed trends in the export price figures.

Alcohols Imports

Imports into Lithuania

In 2018, the imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Lithuania totaled X tons, picking up by X% against the previous year. Over the period under review, the total imports indicated a strong increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, alcohols imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, alcohols imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, alcohols imports amounted to $X in 2018. Overall, alcohols imports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, alcohols imports reached their peak of $X. From 2012 to 2018, the growth of alcohols imports failed to regain its momentum.

Imports by Country

The countries with the highest levels of alcohols imports in 2018 were China (X tons), the U.S. (X tons), India (X tons), South Korea (X tons), Germany (X tons), Japan (X tons), Belgium (X tons), the Netherlands (X tons), Taiwan, Chinese (X tons), Turkey (X tons), France (X tons) and Italy (X tons), together resulting at X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest alcohols importing markets into Lithuania were China ($X), the U.S. ($X) and India ($X), together accounting for X% of total imports.

In terms of the main importing countries, India recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The alcohols import price in Lithuania stood at $X per ton in 2018, rising by X% against the previous year. Overall, the alcohols import price, however, continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Lithuania import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($X per ton) and Belgium ($X per ton), while South Korea ($X per ton) and the U.S. ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform