Lithuania: Hydantoin Market 2025

Hydantoin Market Size in Lithuania

The Lithuanian hydantoin market dropped to $X in 2022, declining by -12.4% against the previous year. In general, consumption showed a abrupt downturn. Hydantoin consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in Lithuania

In value terms, hydantoin production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 21% against the previous year. Hydantoin production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports from Lithuania

In 2022, overseas shipments of hydantoin and its derivatives were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 11,276% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydantoin exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 6,237%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia (X tons) was the main destination for hydantoin exports from Lithuania, with a 74% share of total exports. Moreover, hydantoin exports to Russia exceeded the volume sent to the second major destination, Finland (X kg), threefold.

From 2013 to 2022, the average annual growth rate of volume to Russia totaled +138.3%.

In value terms, Russia ($X) emerged as the key foreign market for hydantoin and its derivatives exports from Lithuania, comprising 75% of total exports. The second position in the ranking was held by Finland ($X), with a 24% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Russia stood at +216.3%.

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 109%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external 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 Finland amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+32.8%).

Hydantoin Imports

Imports into Lithuania

In 2022, approx. X kg of hydantoin and its derivatives were imported into Lithuania; reducing by -88% compared with the year before. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 5,800%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydantoin imports soared to $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,078% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest hydantoin supplier to Lithuania, with a 61% share of total imports. Moreover, hydantoin imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold. Belgium (X kg) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-53.2% per year) and Belgium (+20.1% per year).

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest hydantoin suppliers to Lithuania, with a combined 92% share of total imports. Belgium lagged somewhat behind, comprising a further 7.2%.

Among the main suppliers, Belgium, with a CAGR of +89.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydantoin import price stood at $X per ton in 2022, jumping by 896% against the previous year. In general, the import price posted a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 1,006%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 China ($X per ton), while the price for Germany ($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 Netherlands (+113.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform