Lithuania: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Lithuania

For the third consecutive year, the Lithuanian heterocyclic compound market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a sharp slump. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Heterocyclic Compound Production in Lithuania

In value terms, heterocyclic compound production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then fell markedly in the following year.

Heterocyclic Compound Exports

Exports from Lithuania

For the third year in a row, Lithuania recorded growth in overseas shipments of heterocyclic compounds, which increased by X% to X kg in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, heterocyclic compound exports soared to $X in 2022. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X kg) was the main destination for heterocyclic compound exports from Lithuania, with a X% share of total exports. Moreover, heterocyclic compound exports to Russia exceeded the volume sent to the second major destination, Belarus (X kg), fourfold. The third position in this ranking was held by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Germany (X% per year).

In value terms, Russia ($X), Germany ($X) and Belarus ($X) were the largest markets for heterocyclic compound exported from Lithuania worldwide, with a combined X% share of total exports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average heterocyclic compound export price amounted to $X per kg, with a decrease of X% against the previous year. In general, the export price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per kg in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to Russia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heterocyclic Compound Imports

Imports into Lithuania

In 2022, the amount of heterocyclic compounds imported into Lithuania reduced rapidly to X tons, dropping by X% against the previous year's figure. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, heterocyclic compound imports shrank significantly to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of heterocyclic compound to Lithuania, with a X% share of total imports. Moreover, heterocyclic compound imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), threefold. The third position in this ranking was taken by Poland (X kg), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of heterocyclic compounds to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and France (X% per year).

Import Prices by Country

The average heterocyclic compound import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform