Lithuania: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Lithuania

The Lithuanian synthetic organic colouring matters market expanded markedly to $X in 2022, growing by 8.2% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Other Synthetic Organic Colouring Matters in Lithuania

In value terms, synthetic organic colouring matters production surged to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 13,873%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Other Synthetic Organic Colouring Matters

Exports from Lithuania

Synthetic organic colouring matters exports from Lithuania skyrocketed to X tons in 2022, increasing by 21% on the previous year's figure. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, synthetic organic colouring matters exports skyrocketed to $X in 2022. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 94%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of synthetic organic colouring matters exports from Lithuania, together comprising 68% of total exports. Kazakhstan, Belarus, Finland, Poland, Uzbekistan and Ukraine lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +112.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for other synthetic organic colouring matters exports from Lithuania, comprising 40% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total exports. It was followed by Estonia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+18.4% per year) and Estonia (+20.3% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, rising by 1.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average export price increased by 24%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Finland ($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 Estonia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Lithuania

In 2022, the amount of other synthetic organic colouring matters imported into Lithuania surged to X tons, jumping by 15% on 2021 figures. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, synthetic organic colouring matters imports stood at $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X tons), Greece (X tons) and Sweden (X tons) were the main suppliers of synthetic organic colouring matters imports to Lithuania, with a combined 44% share of total imports. Estonia, the Netherlands, France, the Czech Republic, Latvia, Italy, Germany, Romania, Finland and Belgium lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the largest synthetic organic colouring matters suppliers to Lithuania, with a combined 33% share of total imports. Greece, Poland, Italy, France, Latvia, Estonia, the Czech Republic, Belgium, Finland and Romania lagged somewhat behind, together comprising a further 51%.

Latvia, with a CAGR of +37.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average synthetic organic colouring matters import price stood at $X per ton in 2022, dropping by -2.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 Germany ($X per ton), while the price for Romania ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform