Lithuania: M-Xylene And Xylenes Market 2024

M-Xylene And Xylenes Market Size in Lithuania

In 2022, the Lithuanian m-xylene and xylenes market decreased by -34% to $X, falling for the second year in a row after four years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

M-Xylene And Xylenes Exports

Exports from Lithuania

In 2022, approx. X tons of m-xylene and mixed xylene isomers were exported from Lithuania; with a decrease of -20.3% against the previous year. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 437% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes exports soared to $X in 2022. Over the period under review, exports saw a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 406%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for m-xylene and xylenes exports from Lithuania, with a 99% share of total exports. It was followed by Belarus (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-50.8% per year) and Russia (-69.7% per year).

In value terms, Latvia ($X) remains the key foreign market for m-xylene and mixed xylene isomers exports from Lithuania, comprising 96% of total exports. The second position in the ranking was taken by Belarus ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Latvia amounted to +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-36.9% per year) and Russia (-68.3% per year).

Export Prices by Country

The average m-xylene and xylenes export price stood at $X per ton in 2022, rising by 54% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Latvia ($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 Belarus (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.

M-Xylene And Xylenes Imports

Imports into Lithuania

In 2022, purchases abroad of m-xylene and mixed xylene isomers decreased by -42.8% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 36%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, m-xylene and xylenes imports reduced dramatically to $X in 2022. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest m-xylene and xylenes supplier to Lithuania, accounting for a 57% share of total imports. Moreover, m-xylene and xylenes imports from Slovakia exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+64.9% per year) and the Czech Republic (-6.5% per year).

In value terms, Slovakia ($X) constituted the largest supplier of m-xylene and mixed xylene isomers to Lithuania, comprising 56% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Finland, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+59.7% per year) and Finland (-24.0% per year).

Import Prices by Country

In 2022, the average m-xylene and xylenes import price amounted to $X per ton, growing by 47% against the previous year. Overall, the import price, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform