Lithuania: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Lithuania

The Lithuanian barium or aluminium sulphates market declined dramatically to $X in 2022, waning by -16.8% against the previous year. Over the period under review, consumption recorded a abrupt descent. Barium or aluminium sulphates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Lithuania

In value terms, barium or aluminium sulphates production expanded slightly to $X in 2022 estimated in export price. In general, production faced a dramatic decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 81% against the previous year. Barium or aluminium sulphates production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Lithuania

After two years of decline, overseas shipments of sulphates of barium or aluminium increased by 76% to X tons in 2022. Overall, exports, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of 162% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced setback. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Finland (X tons) and Latvia (X tons) were the main destinations of barium or aluminium sulphates exports from Lithuania, with a combined 83% share of total exports. Sweden, Kazakhstan, Belarus and Estonia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for sulphates of barium or aluminium exports from Lithuania, comprising 71% of total exports. The second position in the ranking was taken by Finland ($X), with a 6% share of total exports. It was followed by Belarus, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+14.2% per year) and Belarus (-14.3% per year).

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, jumping by 147% against the previous year. Over the period under review, the export price, however, showed a slight downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($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 Estonia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Lithuania

In 2022, barium or aluminium sulphates imports into Lithuania fell remarkably to X tons, with a decrease of -51.4% against 2021 figures. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,998% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports soared to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 94%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Belarus (X tons) constituted the largest barium or aluminium sulphates supplier to Lithuania, accounting for a 67% share of total imports. Moreover, barium or aluminium sulphates imports from Belarus exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.8% per year) and Hungary (-18.4% per year).

In value terms, Germany ($X) constituted the largest supplier of sulphates of barium or aluminium to Lithuania, comprising 68% of total imports. The second position in the ranking was taken by Belarus ($X), with an 18% share of total imports. It was followed by France, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-8.7% per year) and France (-10.3% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, picking up by 184% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 613% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform