Report Update Jan 1, 2025

Lithuania - Crude Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Crude Palm Oil Market 2025

Crude Palm Oil Market Size in Lithuania

The Lithuanian crude palm oil market surged to $X in 2022, jumping by 71% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Crude palm oil consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Crude Palm Oil Production in Lithuania

In value terms, crude palm oil production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with a decrease of -12.2%. Crude palm oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Palm Oil Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of crude palm oil, when their volume decreased by -36.4% to X tons. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 6,039%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude palm oil exports reduced dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 7,126%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for crude palm oil exports from Lithuania, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia totaled +15.1%.

In value terms, Latvia ($X) also remains the key foreign market for crude palm oil exports from Lithuania.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +16.8%.

Export Prices by Country

In 2022, the average crude palm oil export price amounted to $X per ton, rising by 6.8% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude palm oil export price increased by +86.7% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 42%. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +33.9% per year.

Crude Palm Oil Imports

Imports into Lithuania

In 2022, crude palm oil imports into Lithuania soared to X tons, picking up by 27% against 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 234,413%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, crude palm oil imports surged to $X in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 22,233% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Poland (X tons), Sweden (X tons) and Latvia (X tons) were the main suppliers of crude palm oil imports to Lithuania, with a combined 99.9% share of total imports.

From 2015 to 2022, the biggest increases were recorded for Poland (with a CAGR of +685.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and Latvia ($X) constituted the largest crude palm oil suppliers to Lithuania, with a combined 99.9% share of total imports.

Poland, with a CAGR of +480.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 crude palm oil import price amounted to $X per ton, jumping by 34% against the previous year. Over the period under review, the import price, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2021 an increase of 57%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+17.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the crude palm oil market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 257 - Oil of palm

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024