Lithuania: Iodine Market 2025

Iodine Market Size in Lithuania

In 2022, the Lithuanian iodine market decreased by -6.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Iodine Production in Lithuania

In value terms, iodine production stood at $X in 2022 estimated in export price. Overall, production saw a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Iodine Exports

Exports from Lithuania

Iodine exports from Lithuania skyrocketed to X kg in 2022, growing by 75% against the year before. Over the period under review, exports, however, showed a precipitous setback. The pace of growth appeared the most rapid in 2018 when exports increased by 427,050%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, iodine exports surged to $X in 2022. In general, exports, however, saw a precipitous curtailment. The pace of growth was the most pronounced in 2018 with an increase of 257,107%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X kg), the UK (X kg) and Russia (X kg) were the main destinations of iodine exports from Lithuania, together comprising 71% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and the UK ($X) were the largest markets for iodine exported from Lithuania worldwide, with a combined 92% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +434.5%, saw the highest growth rate of the value of exports, 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 iodine export price amounted to $X per ton, with an increase of 96% against the previous year. Overall, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Russia ($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 the UK (+167.2%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Imports

Imports into Lithuania

In 2022, approx. X kg of iodine were imported into Lithuania; falling by -78.3% on the year before. In general, imports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 1,354% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, iodine imports contracted rapidly to $X in 2022. Overall, imports faced a deep slump. The growth pace was the most rapid in 2018 when imports increased by 1,890% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X kg), Austria (X kg) and Germany (X kg) were the main suppliers of iodine imports to Lithuania, together comprising 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +39.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iodine suppliers to Lithuania were Germany ($X), Poland ($X) and Austria ($X), with a combined 95% share of total imports.

Poland, with a CAGR of +1.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 iodine import price amounted to $X per ton, with an increase of 95% against the previous year. Overall, the import price saw a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform