Lithuania: Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike 2024

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Lithuania

In 2022, the Lithuanian gum or wood oils market increased by X% to $X, rising for the second consecutive year after six years of decline. Over the period under review, consumption, however, continues to indicate a deep contraction. Gum or wood oils consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Lithuania

In value terms, gum or wood oils production fell modestly to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Exports from Lithuania

In 2022, overseas shipments of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, gum or wood oils exports fell notably to $X in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Latvia (X tons) and Russia (X tons) were the main destinations of gum or wood oils exports from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Latvia ($X) and Russia ($X) appeared to be the largest markets for gum or wood oils exported from Lithuania worldwide, together comprising X% of total exports.

Ukraine, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average gum or wood oils export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Ukraine (X%), while the prices for the other major destinations experienced a decline.

Imports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Imports into Lithuania

After two years of decline, purchases abroad of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons in 2022. In general, imports, however, recorded a mild setback. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports skyrocketed to $X in 2022. Overall, imports showed a perceptible increase. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Estonia (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of gum or wood oils imports to Lithuania, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and Latvia ($X) were the largest gum or wood oils suppliers to Lithuania, together accounting for X% of total imports.

Estonia, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the average gum or wood oils import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gum or wood oils import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform