Lithuania: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Lithuania

The Lithuanian colloidal precious metals market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Colloidal Precious Metals Production in Lithuania

In value terms, colloidal precious metals production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Colloidal Precious Metals Exports

Exports from Lithuania

In 2022, approx. X tons of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were exported from Lithuania; dropping by X% compared with 2021 figures. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, colloidal precious metals exports contracted significantly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for colloidal precious metals exports from Lithuania, with a X% share of total exports. Moreover, colloidal precious metals exports to Russia exceeded the volume sent to the second major destination, Belarus (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%.

In value terms, Russia ($X) remains the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%.

Export Prices by Country

The average colloidal precious metals export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X,351 per ton in 2021, and then dropped notably in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Colloidal Precious Metals Imports

Imports into Lithuania

In 2022, colloidal precious metals imports into Lithuania shrank sharply to X tons, dropping by X% against 2021 figures. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, colloidal precious metals imports reduced rapidly to $X in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of colloidal precious metals to Lithuania, with a X% share of total imports. Moreover, colloidal precious metals imports from Italy exceeded the figures recorded by the second-largest supplier, Russia (X kg), fourfold. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

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

Import Prices by Country

In 2022, the average colloidal precious metals import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X,250 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X,095 per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform