Lithuania: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Lithuania

The Lithuanian saturated acyclic hydrocarbons market contracted notably to $X in 2022, reducing by -31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Lithuania

After three years of decline, overseas shipments of saturated acyclic hydrocarbons increased by 12% to X tons in 2022. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 871% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 746%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Russia (X tons) and Kazakhstan (X tons) were the main destinations of saturated acyclic hydrocarbons exports from Lithuania, with a combined 69% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) were the largest markets for saturated acyclic hydrocarbons exported from Lithuania worldwide, with a combined 86% share of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +21.5%, saw the highest rates of growth with regard to 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 saturated acyclic hydrocarbons export price amounted to $X per ton, growing by 37% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic hydrocarbons export price increased by +124.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 61% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Russia (+9.7%), while the prices for the other major destinations experienced a decline.

Saturated Acyclic Hydrocarbons Imports

Imports into Lithuania

Saturated acyclic hydrocarbons imports into Lithuania fell rapidly to X tons in 2022, waning by -32.2% on the previous year's figure. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 385% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons imports reduced remarkably to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 307% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Lithuania, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +70.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic hydrocarbons suppliers to Lithuania were Poland ($X), Germany ($X) and Belgium ($X), with a combined 81% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +62.6%, recorded the highest rates of growth with regard to the value of imports, 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 saturated acyclic hydrocarbons import price amounted to $X per ton, increasing by 21% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 381%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 ($X per ton), while the price for Russia ($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 (+69.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform