Report Update Nov 1, 2024

Lithuania - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Lithuania

In 2022, the Lithuanian sulphuric acid market decreased by -48.7% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Sulphuric acid consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Sulphuric Acid Production in Lithuania

In value terms, sulphuric acid production declined rapidly to $X in 2022 estimated in export price. Overall, production saw a deep slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by 101%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sulphuric Acid Exports

Exports from Lithuania

In 2022, shipments abroad of sulphuric acid and oleum increased by 24% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 148% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, sulphuric acid exports surged to $X in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X tons) and Estonia (X tons) were the main destinations of sulphuric acid exports from Lithuania.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +63.2%).

In value terms, Latvia ($X) remains the key foreign market for sulphuric acid and oleum exports from Lithuania, comprising 66% of total exports. The second position in the ranking was taken by Estonia ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +30.1%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, with an increase of 55% against the previous year. In general, the export price posted a notable increase. The growth pace was the most rapid in 2017 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the 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 Latvia ($X per ton), while the average price for exports to Estonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+7.7%).

Sulphuric Acid Imports

Imports into Lithuania

In 2022, sulphuric acid imports into Lithuania shrank sharply to X tons, with a decrease of -59.4% on the previous year. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 204% against the previous year. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, sulphuric acid imports reduced rapidly to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 226% against the previous year. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest sulphuric acid supplier to Lithuania, with a 81% share of total imports. Moreover, sulphuric acid imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +82.0%.

In value terms, Russia ($X) constituted the largest supplier of sulphuric acid and oleum to Lithuania, comprising 70% of total imports. The second position in the ranking was held by Poland ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +94.6%.

Import Prices by Country

The average sulphuric acid import price stood at $X per ton in 2022, rising by 61% against the previous year. Overall, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the price for Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the sulphuric acid market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023