Ester Gums Price in Lithuania - 2023

Ester Gums Price in Lithuania (FOB) - 2022

In 2022, the average ester gums export price amounted to $3,079 per ton, increasing by 28% against the previous year. Over the period under review, the export price showed tangible growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 223% against the previous year. As a result, the export price reached the peak level of $7,088 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,573 per ton), while the average price for exports to Uzbekistan ($3,008 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 Uzbekistan (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Ester Gums Price in Lithuania (CIF) - 2022

In 2022, the average ester gums import price amounted to $5,821 per ton, growing by 59% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 73%. The import price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +2.9% per year.

Ester Gums Exports in Lithuania

For the fourth year in a row, Lithuania recorded growth in overseas shipments of ester gumses, which increased by 19% to 36 tons in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ester gums exports skyrocketed to $112K in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 Ester Gums in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uzbekistan	5.6	13.2	43.0	83.7	146.3%
Belarus	44.7	56.0	28.2	25.4	-17.2%
Russia	25.6	29.3	N/A	1.1	-65.0%
Others	2.0	2.3	2.3	1.6	-7.2%
Total	77.8	101	73.5	112	12.9%

Top Export Markets for Ester Gums from Lithuania in 2022:

Uzbekistan (27.8 tons)
Belarus (8.0 tons)
Russia (0.2 tons)

Ester Gums Imports in Lithuania

In 2022, supplies from abroad of ester gumses decreased by -68% to 2.1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports reached the peak of 6.6 tons, and then reduced sharply in the following year.

In value terms, ester gums imports contracted remarkably to $12K in 2022. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, imports reached the peak of $24K, and then fell sharply in the following year.