Lithuania: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Lithuania

The Lithuanian carbon for electrical purposes market fell notably to $X in 2022, waning by -22% against the previous year. In general, consumption, however, enjoyed a strong increase. Carbon for electrical purposes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Lithuania

In value terms, carbon for electrical purposes production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded tangible growth. The pace of growth was the most pronounced in 2014 with an increase of 322% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Lithuania

In 2022, exports of articles of graphite or other carbon for electrical purposes from Lithuania contracted significantly to X tons, shrinking by -48.9% against the previous year's figure. Over the period under review, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 960% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, carbon for electrical purposes exports fell sharply to $X in 2022. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 1,418%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for carbon for electrical purposes exports from Lithuania, with a 52% share of total exports. Moreover, carbon for electrical purposes exports to Russia exceeded the volume sent to the second major destination, France (X kg), twofold. Latvia (X kg) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-24.5% per year) and Latvia (+66.3% per year).

In value terms, Russia ($X) emerged as the key foreign market for articles of graphite or other carbon for electrical purposes exports from Lithuania, comprising 41% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Kazakhstan, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at -35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-28.8% per year) and Kazakhstan (-37.7% per year).

Export Prices by Country

In 2022, the average carbon for electrical purposes export price amounted to $X per ton, reducing by -72.3% against the previous year. In general, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of 89% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to France ($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 (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Lithuania

Carbon for electrical purposes imports into Lithuania plummeted to X tons in 2022, waning by -55.8% compared with the previous year. Overall, imports faced a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 236%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes imports reduced notably to $X in 2022. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by 450%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest carbon for electrical purposes supplier to Lithuania, accounting for a 54% share of total imports. Moreover, carbon for electrical purposes imports from South Korea exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-30.3% per year) and the UK (+62.3% per year).

In value terms, South Korea ($X), the UK ($X) and Spain ($X) constituted the largest carbon for electrical purposes suppliers to Lithuania, together comprising 67% of total imports. Estonia, Poland and France lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Estonia, with a CAGR of +66.1%, saw the highest growth rate of 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 carbon for electrical purposes import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price continues to indicate notable growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 79% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform