Lithuania: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Lithuania

In 2022, the Lithuanian cyclic hydrocarbons market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption saw a dramatic setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Lithuania

In value terms, cyclic hydrocarbons production dropped remarkably to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Cyclic hydrocarbons production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Lithuania

In 2022, overseas shipments of cyclic hydrocarbons decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports contracted to $X in 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for cyclic hydrocarbons exports from Lithuania, accounting for a X% share of total exports. Moreover, cyclic hydrocarbons exports to Latvia exceeded the volume sent to the second major destination, Russia (X tons), twofold. Armenia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Armenia (X% per year).

In value terms, Russia ($X), Latvia ($X) and Armenia ($X) were the largest markets for cyclic hydrocarbons exported from Lithuania worldwide, together comprising X% of total exports.

Armenia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

Cyclic Hydrocarbons Imports

Imports into Lithuania

In 2022, imports of cyclic hydrocarbons into Lithuania fell to X tons, with a decrease of X% compared with 2021. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports expanded significantly to $X in 2022. In general, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Slovakia (X tons) and Poland (X tons) were the main suppliers of cyclic hydrocarbons imports to Lithuania, with a combined X% share of total imports. Finland, Spain, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Slovakia ($X) and Poland ($X) appeared to be the largest cyclic hydrocarbons suppliers to Lithuania, together comprising X% of total imports. Spain, Belgium, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform