Lithuania: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Lithuania

In 2022, the Lithuanian magnesium hydroxide and peroxide market increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Lithuania

In value terms, magnesium hydroxide and peroxide production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decline. The growth pace was the most rapid in 2014 with an increase of 9.1%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Lithuania

Magnesium hydroxide and peroxide exports from Lithuania totaled X kg in 2022, approximately reflecting the year before. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 503% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. In general, exports saw strong growth. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for magnesium hydroxide and peroxide exports from Lithuania, accounting for a 95% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Russia exceeded the volume sent to the second major destination, Estonia (X kg), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to Russia totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+22.0% per year) and Belarus (-39.0% per year).

From 2013 to 2022, the average annual rate of growth in terms of value to Russia stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+44.5% per year) and Belarus (-21.4% per year).

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2015 an increase of 724% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Lithuania

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 35% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 32,256%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, magnesium hydroxide and peroxide imports declined to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 20,818%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the UK (X tons) was the main magnesium hydroxide and peroxide supplier to Lithuania, with a 100% share of total imports. It was followed by Poland (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +25.1%.

In value terms, the UK ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Lithuania, comprising 96% of total imports. The second position in the ranking was held by Poland ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +3.2%.

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, dropping by -32% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 146% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Poland ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+56.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform