Lithuania: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Lithuania

The Lithuanian aluminium hydroxide market shrank remarkably to $X in 2022, with a decrease of -69% against the previous year. Overall, consumption recorded a deep contraction. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Aluminium Hydroxide Production in Lithuania

In value terms, aluminium hydroxide production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 299%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Aluminium Hydroxide Exports

Exports from Lithuania

Aluminium hydroxide exports from Lithuania reduced markedly to X tons in 2022, which is down by -65% compared with the previous year. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 262% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aluminium hydroxide exports contracted remarkably to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 2,633%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for aluminium hydroxide exports from Lithuania, with a 63% share of total exports. Moreover, aluminium hydroxide exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. Armenia (X kg) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-10.3% per year) and Armenia (0.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for aluminium hydroxide exports from Lithuania, comprising 67% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total exports. It was followed by Armenia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-6.8% per year) and Armenia (0.0% per year).

Export Prices by Country

In 2022, the average aluminium hydroxide export price amounted to $X per ton, rising by 76% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 655% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Kazakhstan ($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 (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports into Lithuania

In 2022, approx. X tons of aluminium hydroxide were imported into Lithuania; with a decrease of -78.7% compared with 2021. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, aluminium hydroxide imports dropped markedly to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) was the main aluminium hydroxide supplier to Lithuania, accounting for a 94% share of total imports. Moreover, aluminium hydroxide imports from Latvia exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Latvia stood at -11.0%.

In value terms, Latvia ($X) constituted the largest supplier of aluminium hydroxide to Lithuania, comprising 84% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Latvia stood at -11.3%.

Import Prices by Country

The average aluminium hydroxide import price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Latvia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform