Lithuania: Sulphur Market 2024

Sulphur Market Size in Lithuania

In 2022, the Lithuanian sulphur market decreased by -63.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a abrupt contraction. Sulphur consumption peaked at $X in 2021, and then contracted sharply in the following year.

Sulphur Production in Lithuania

In value terms, sulphur production soared to $X in 2022 estimated in export price. Overall, production saw a perceptible decrease. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Sulphur Exports

Exports from Lithuania

In 2022, shipments abroad of sulphur increased by 93% to X tons, rising for the second consecutive year after two years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 4,225%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphur exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 3,016% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for sulphur exports from Lithuania, accounting for a 62% share of total exports. Moreover, sulphur exports to Sweden exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.0% per year) and the Netherlands (+2.0% per year).

In value terms, Sweden ($X) emerged as the key foreign market for sulphur exports from Lithuania, comprising 54% of total exports. The second position in the ranking was held by Belgium ($X), with a 21% share of total exports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+127.9% per year) and the Netherlands (+107.7% per year).

Export Prices by Country

In 2022, the average sulphur export price amounted to $X per ton, jumping by 92% against the previous year. Overall, the export price posted a prominent expansion. The growth pace was the most rapid in 2017 an increase of 1,520%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Morocco (+127.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphur Imports

Imports into Lithuania

Sulphur imports into Lithuania reduced rapidly to X tons in 2022, declining by -77.5% on 2021 figures. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphur imports dropped remarkably to $X in 2022. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 151%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest sulphur supplier to Lithuania, with a 57% share of total imports. Moreover, sulphur imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan totaled -72.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-18.7% per year) and Kazakhstan (-20.7% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of sulphur to Lithuania, comprising 60% of total imports. The second position in the ranking was held by Russia ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan amounted to -63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-12.7% per year) and Kazakhstan (-16.8% per year).

Import Prices by Country

The average sulphur import price stood at $X per ton in 2022, growing by 52% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 178%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform