Lithuania: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Lithuania

The Lithuanian rosin and resin acids market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption saw a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Rosin And Resin Acids And Derivatives in Lithuania

In value terms, rosin and resin acids production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Lithuania

In 2022, rosin and resin acids exports from Lithuania reduced to X tons, waning by X% on 2021. Over the period under review, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rosin and resin acids exports expanded notably to $X in 2022. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for rosin and resin acids exports from Lithuania, with a X% share of total exports. Moreover, rosin and resin acids exports to the Czech Republic exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Latvia (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted a perceptible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

Imports of Rosin And Resin Acids And Derivatives

Imports into Lithuania

In 2022, the amount of rosin and resin acids and derivatives imported into Lithuania reduced sharply to X tons, dropping by X% compared with the year before. Over the period under review, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, rosin and resin acids imports dropped markedly to $X in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of rosin and resin acids to Lithuania, with a X% share of total imports. Moreover, rosin and resin acids imports from Belarus exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Finland (X% per year).

In value terms, Belarus ($X) constituted the largest supplier of rosin and resin acids and derivatives to Lithuania, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Finland (X% per year).

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform