Lithuania: Vegetable Waxes Market 2025

Vegetable Waxes Market Size in Lithuania

The Lithuanian vegetable waxes market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption faced a abrupt downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Vegetable Waxes Production in Lithuania

In value terms, vegetable waxes production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Vegetable waxes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vegetable Waxes Exports

Exports from Lithuania

In 2022, shipments abroad of vegetable waxes increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vegetable waxes exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Spain (X tons) and Romania (X tons) were the main destinations of vegetable waxes exports from Lithuania, with a combined X% share of total exports. Poland, Belarus and Latvia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for vegetable waxes exported from Lithuania were Bulgaria ($X), Romania ($X) and Spain ($X), with a combined X% share of total exports. Poland, Belarus and Latvia lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vegetable waxes export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

Vegetable Waxes Imports

Imports into Lithuania

In 2022, the amount of vegetable waxes imported into Lithuania dropped significantly to X tons, which is down by X% on the year before. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, vegetable waxes imports contracted significantly to $X in 2022. Over the period under review, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of vegetable waxes to Lithuania, accounting for a X% share of total imports. Moreover, vegetable waxes imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hungary (X% per year).

In value terms, the largest vegetable waxes suppliers to Lithuania were Germany ($X), Hungary ($X) and China ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 vegetable waxes import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform