Lithuania - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Lithuania - 2023
Contents:
- Essential Oils Price in Lithuania (CIF) - 2022
- Essential Oils Price in Lithuania (FOB) - 2022
- Essential Oils Imports in Lithuania
- Essential Oils Exports in Lithuania
Essential Oils Price in Lithuania (CIF) - 2022
The average essential oils import price stood at $26,384 per ton in 2022, falling by -16.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. The import price peaked at $38,153 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the UK ($71,354 per ton), while the price for Spain ($16,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Price in Lithuania (FOB) - 2022
In 2022, the average essential oils export price amounted to $24,517 per ton, with a decrease of -20.1% against the previous year. Over the period under review, the export price recorded a pronounced setback. The growth pace was the most rapid in 2017 when the average export price increased by 74%. As a result, the export price attained the peak level of $61,283 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($81,237 per ton), while the average price for exports to the Czech Republic ($18,055 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 (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Essential Oils Imports in Lithuania
In 2022, the amount of essential oils imported into Lithuania reached 53 tons, with an increase of 12% on the year before. In general, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of 76 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, essential oils imports contracted to $1.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 51%. As a result, imports reached the peak of $1.8M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Essential Oils in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 316 | 360 | 173 | 432 | 11.0% |
France | 68.5 | 43.8 | 97.0 | 211 | 45.5% |
Germany | 96.7 | 239 | 124 | 194 | 26.1% |
India | 8.9 | 22.4 | 137 | 88.1 | 114.7% |
Denmark | 49.5 | 112 | 31.8 | 80.2 | 17.5% |
Poland | 55.3 | 32.6 | 76.6 | 62.6 | 4.2% |
United Kingdom | 185 | 422 | 180 | 62.1 | -30.5% |
Netherlands | 7.9 | 10.3 | 75.9 | 45.4 | 79.1% |
Russia | 139 | 166 | 152 | 41.3 | -33.3% |
Ukraine | 59.9 | 36.6 | 40.4 | 36.9 | -14.9% |
Latvia | 16.7 | 28.8 | 44.8 | 19.7 | 5.7% |
United Arab Emirates | 30.6 | 27.2 | N/A | N/A | -11.1% |
Others | 166 | 314 | 350 | 120 | -10.3% |
Total | 1,200 | 1,816 | 1,482 | 1,393 | 5.1% |
Top Suppliers of Essential Oils to Lithuania in 2022:
- Spain (26.7 tons)
- Germany (7.7 tons)
- France (4.4 tons)
- Russia (2.5 tons)
- Ukraine (1.7 tons)
- Netherlands (1.7 tons)
- Denmark (1.7 tons)
- India (1.4 tons)
- Poland (1.1 tons)
- Latvia (1.0 tons)
- United Kingdom (0.9 tons)
Essential Oils Exports in Lithuania
In 2022, approx. 55 tons of essential oils were exported from Lithuania; growing by 88% on the previous year's figure. Overall, exports recorded a resilient increase.
In value terms, essential oils exports soared to $1.3M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Essential Oils in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 733 | 1,103 | 607 | 836 | 4.5% |
Czech Republic | 0.3 | 2.1 | 12.6 | 135 | 666.3% |
Estonia | 30.4 | 29.7 | 79.7 | 97.2 | 47.3% |
Latvia | 42.3 | 83.1 | 68.0 | 94.6 | 30.8% |
Belarus | 79.5 | 63.4 | 44.0 | 54.0 | -12.1% |
Others | 123 | 41.4 | 84.8 | 127 | 1.1% |
Total | 1,008 | 1,323 | 896 | 1,344 | 10.1% |
Top Export Markets for Essential Oils from Lithuania in 2022:
- Russia (40.4 tons)
- Czech Republic (7.5 tons)
- Belarus (1.8 tons)
- Estonia (1.2 tons)
- Latvia (1.2 tons)
This report provides an in-depth analysis of the essential oils 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 20531020 - Essential oils
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the essential oils market in Lithuania.
This report provides an in-depth analysis of the resinoids market in Lithuania.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the essential oils market in Lithuania.
This report provides an in-depth analysis of the resinoids market in Lithuania.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...